What are Benefits of Filing Income Tax Returns on Time

What are Benefits of Filing Income Tax Returns on Time by Mr. Amarpal Chadha & Shanmuga Prasad The time for filing income tax (IT) returns is once again upon us. Most people regard this task as a burden. But filing returns will in the future help you account for certain …

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How to show Capital Gains on sale of House in Income Tax Return

How to show Capital Gains on sale of House in Income Tax Return If you have sold house / flat, property, land or building, also called as immovable property after 3 years then you have Long term Capital Gains and have to fill Schedule CG in ITR2, ITR3 etc.   This article talk…

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Goods and Services Tax - GST Bill Now becomes a Law

Goods and Services Tax  - GST Bill Now becomes a Law The central government’s plan to roll out                                                                     Goods and Services Tax (GST)                                                                                    …

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Mutual fund investment - Capital gains set off

Mutual fund investment - Capital gains set off From FundsIndia.com Many of you had questions regarding Mutual fund investment and capital gains. First, a brief recap. Long-term capital gains on equity-oriented funds (including equity balanced funds) are tax-exempt on holding f…

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5 Advantages and 5 Disadvantages of ELSS Tax Savings Fund

5 Advantages  Of ELSS Equity linked savings scheme (ELSS)  is one of the best income tax saver scheme. It has following benefits. 1 . Investment in the share market along with the income tax savings. 2. Maturity amount and profit is also tax-free. 3. The lock in period of 3 (three) …

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Mutual Fund Investment: Capital Gains & Indexation

Mutual Fund Investment: Capital Gains & Indexation By FundsIndia.com , Mutual Fund Research Desk Over the last couple of weeks, we looked at how mutual funds are taxed. We spoke about indexation benefit being available for long term capital gains in debt funds. What is ind…

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