LTCG

LTCG

LTCG tax: How should you react?

The Budget 2018 proposed to change how long term capital gains (LTCG) on equity shares and units of equity-oriented MFs are taxed in your hands.┬áTill 31st March 2018 no LTCG will be chargeable. If you sell after 31st March 2018 the LTCG will be taxed as follows: The cost of acquisition of the share or …

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markets

Crash course of overheated markets

As we draw close to the current financial year, markets have corrected ~10% from recent all-time high NIFTY of 11,171 touched on 29th January 2018. The markets & especially mid & small-caps were overvalued & some price rationalization is happening. The increasing trend in 10 year g-sec rates in both India & the USA are …

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ULIPs

Mutual Funds better than ULIPs even after LTCG

I have been a firm believer in not mixing investment with insurance. Since ULIPs (Unit Linked Insurance Plan) can offer a maximum cover of ten times the premium, it would cost you an enormous amount of money to provide the amount of life cover you actually need. Ever since the LTCG tax was announced in …

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LTCG

Budget 2018-19 expectations- LTCG on equity investments

Every year the issue of taxing long term capital gains (LTCG) on equities comes up before the budget. The government buckles and retains this tax exemption leading to a post budget stock market rally. Currently, if you purchase any shares through a stock exchange you have to pay securities transactions tax (STT). Collections from STT …

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UNION BUDGET 2017-18 – Reviving Demonetized India

The Union Budget 2017-18 presented by Arun Jaitley on 1st February can be termed as a good effort under the prevailing circumstances. This was a challenging situation with very high expectation post demonetization. We feel the finance minister has done a good balancing act by not tinkering too much with tax rates (partly leaving changes …

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