Tax

Taxation on Equity Mutual Fund in India

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Equity mutual funds have become very popular & a key investment asset. Withdrawal from equity-oriented mutual funds attracts tax. Also, the equity fund declares dividends. This article aims to give you clarity on capital gain/capital loss arising from equity mutual funds. Here is taxation on equity mutual funds in India. This is updated as perRead More

Taxation on Mutual Fund Dividends in India

by Madhupam Krishna

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Dividend is one of the ways you earn from investments. Dividend is a property of Financial Assets. A physical asset like land, farmhouse or gold will never distribute dividends. But like most of the gains, the dividend is also taxed especially. From April 1, 2020, the Taxation on Mutual Fund Dividends has again changed. ThisRead More

ITR Filing for NRI (When Mandatory When NOT)

by Madhupam Krishna

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Income Tax Returns for NRI is a confusing area of discussion. Here are the conditions when ITR Filing for NRI is mandatory & when not India. NRIs should note these and plan taxation accordingly. The deadline to file ITR for individuals (who are not liable to audit under Section 44AB of the Income-tax Act, 1961)Read More

ELSS Meaning, Features & Reasons to Invest

by Madhupam Krishna

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If you ask any financial advisor or planner including us, about Tax Saving financial products, the chances are very high that you will be recommended an Equity Linked Savings Scheme (ELSS). There are several reasons for advisors and investors to opt for ELSS over other similar Tax Saving financial products. Let us understand the ELSSRead More

FAQs – Late Filling of ITR, Refunds & Verification

by Madhupam Krishna

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31 Aug 2019 is over and this was the last date to file Income Tax Returns for FY 2018-19. But what if you missed ITR filing deadline? Late filling of ITR is a serious blunder and let’s see how this can be tackled? Also, if you have filled, your wait for verification of ITR, revisionRead More