Taxes

- The deadline for making investment, construction, purchase for claiming deduction in respect of capital gains under Sections 54 to 54GB of the Income Tax Act has also been extended to September 30, 2020. Therefore, the investment, construction and purchase made up to September 30, 2020, shall be eligible for claiming deduction from capital gains. Section 54 relates to tax exemptions available from capital gains if the capital gains are invested in the purchase or construction of a residential property. … [Read more...] about Deadline for income tax return filing extended: Here are the crucial dates

Since April 1, 2020 the tax on dividends paid by debt funds has been abolished. But the dividends announced by mutual fund schemes are taxable in the hands of investors. Tax is deducted at source at the rate of 10 per cent on dividends, when the dividends exceed Rs 5000 in a financial year. Besides, dividends are also taxable in your hands, as per your income-tax brackets. Even if you have opted for DTP and your debt fund dividends declared get automatically re-invested in the equity fund, you still have to pay tax on dividends declared. TDS on dividend does not absolve you of your their tax liability. … [Read more...] about Dividend transfer plan: An easy way to invest payouts from a debt fund

A Section 301 investigation under US laws is either initiated by USTR or petitioned by specific industry groups. It focuses on actions and policies of foreign governments that the US believes is unjustified, unreasonable, or discriminatory, and one which curbs US business interests. … [Read more...] about India responds to US investigation on equalisation levy 2.0

A: Well, we have already discussed the beneficiary sectors. As far as the top picks are concerned. we like ICICI Bank and Kotak Mahindra Bank from the private banking space, in consumption HUL and Nestle are likely to get benefitted by a revival in rural demand. D-Mart, Naukri, Bata India, VIP Industries are few midcaps that are expected to outperform over next one year. … [Read more...] about ‘See Sensex at 43,000 by March, MSCI index rebalancing will attract more FIIs’

Back then the future seemed limitless for us, so we used all of our savings to buy a vacant, historic farm known as the Beekman Mansion in rural upstate New York. It was meant to be a weekend home, but, in 2008, Josh and I lost our jobs within a month of each other––and went from having six-figure jobs to zero income within 30 days. … [Read more...] about How I Reinvented My Career After 30