If you are planning on investing ₹1.5 Lakh for Tax Savings under Section 80 of the Income Tax Act and thinking whether you should invest your money in NSC (National Savings Certificate, part of Post Office Small Savings Scheme) or in Tax Saver Fixed Deposit Scheme with Banks, then this blog may give you some insights.
Background New CBDT Circular has been released about New PF rules 2021 according to which TAX on PF Interest in Budget 2021 will be calculated. The Finance Ministry has notified new PF related Income Tax rules 2021 to implement a fresh tax on Provident Fund (PF) savings. This can impact your EPF / VPF /GPF … Read more
If you buy a residential house with the profits earned under Long Term Capital Gain via Capital Assets except any other Residential House, what benefits or exemptions can you avail? Section 54 of the Income Tax helps with the same and the details of the same is what I have covered in this video. YOUTUBE … Read more
What are Capital Assets, Capital Gains and Indexation? How are capital gains calculated for Mutual Funds – Equity and Debt. In these videos I will try to cover these topics in a very simple and easy to understand format. This is Part 1 of the series. Part 2 covers the Capital Gains on Mutual Fund. … Read more