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How To Avail Tax Exemption on The Sale Of Agriculture Land Under Section 54B

Indian Government allows individuals and Hindu undivided families(HUF’s)to avail tax exemption on the sale and repurchase of some capital assets. Capital asset includes house, shares , ancestral property, agriculture land etc. The individual can claim tax exemption on that particular capital asset under certain provisions of the income tax act,1961. Of which we are discussingContinue reading “How To Avail Tax Exemption on The Sale Of Agriculture Land Under Section 54B”

Don’t Say Excuses For Not Investing; Instead Start Investing Right Now!

When we ask some middle class people on their investments, we typically hear -“My earnings are not sufficient to meet my daily needs, then how can i invest?”. This is the typical reason most of the middle class people excuses themselves for not investing!. Even Though a good financial advisor explains the need of investing,Continue reading “Don’t Say Excuses For Not Investing; Instead Start Investing Right Now!”

Mutual Funds Taxation

Mutual Funds are recommended investment tool to earn huge corpus in the long-run. Like every capital asset involves tax, Mutual Funds too attracts capital gains tax. Capital Gain Meaning– The appreciation you derived in between the purchase price and selling price is capital gain of that asset. Meaning of Debt Funds– Debt funds are oneContinue reading “Mutual Funds Taxation”