Finance Minister Arun Jaitley presented the general budget 2018-19 in Parliament on Thursday, February 1, 2018. Apart from introducing standard deduction of Rs 40,000, there is nothing great for salaried class and investors. Then comes the blow i.e. taxing LTCG.!!
CBDT (Central Board of Direct Taxes) notified Cost Inflation Index (CII) applicable from Financial Year 2017-18 (Assessment Year 2018-19) with Base Year 2001-02. This is in line with the amendments made in Budget 2017. Cost Inflation Index as per amended
The capital gains on sale of shares are taxed according to their age of holdings which determine Long Term or Short Term. Any gains made out of listed (in India) shares within 12 months of holdings is Short Term Capital
As per the Income Tax rule, you should file your tax returns within the due date, also make sure you have paid advance tax as per the schedules. If you missed to pay advance tax within the prescribed date or
Nothing to explain much, but a return refers to an appreciation over a principal amount. This what we always expect as a percentage growth from our investments irrespective of how risky are they (Equities) or safe investments like bank fixed
When you’ve multiple insurance policies (Life insurance, Health insurance, General insurance & Annuity policies etc.) & having a single account to manage them makes the life much easier, Isn’t it? This is possible through e-Insurance Account (eIA). An e-insurance account
If you have a habit of spending lot on credit cards then there is a higher chance that it may lead you to a serious situation of high credit card debt. The early you realise is better for yourself. Even
For any objective, there must be a plan in advance i.e. whether for contingencies or payment of school fee for kids or to achieve any dream of life. One of the major financial milestones you should be looking forward is