Although the dividends received by the investor are tax free, all non-equity investments attract DDT of 28.84%. The DDT is paid by the AMCs but eventually, it is borne by the investors. In an SWP, each withdrawal is treated as a sale. Withdrawal within 3 years from the date of purchase will be treated as a short term capital gain. The gains will be added to the investor’s income and taxed accordingly. Withdrawal beyond 3 years from the date of purchase will attract long term capital gains tax. … [Read more...] about Earn regular income from mutual funds, the Systematic Withdrawal Plan way
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• But if you are willing to see the benefits of liquid funds (like potential for better returns, better taxability if held for long, decent liquidity, ability to withdraw partial amounts as and when needed, etc.), then consider putting some money in liquid funds too. You can split it equally between FD and Liquid fund for starters and gradually increase. … [Read more...] about Viewpoint | Where to invest emergency money – savings account, fixed deposit or a liquid fund?
Gold and silver prices suffered strong losses in early deals in the domestic futures market on August 12 as reports of coronavirus vaccine, strength in the dollar index and better than expected US PPI and core PPI numbers pushed both the precious metals lower. … [Read more...] about Gold price today: Yellow metal plummets in early trade; experts advise profit-booking