ESOP are Employee Stock Option Plan & some called them – Employee Stock Ownership Plan. ESOPs have emerged as an important incentivizing option for employees. We have seen many employees becoming millionaires with these plans. So ESOP taxation becomes important to be understood & adhered to. ESOPs being a financial scheme, involves taxation also. RulesRead More
Tax
Taxation on Equity Mutual Fund in India
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
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)
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
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
Changes in Taxation / Investments – Sept 2019
Dust from Budget has settled, its time when mid-year changes in taxation & changes in investments are rolled out. For September 1, these new 7 changes will have an immediate and lasting impact on how we deal with money. So here are the 7 Changes in Personal Finance w.e.f. September 1, 2019. Changes in TaxationRead More