I had invested in a SIP (equity) for 3 years and am withdrawing the investment via a 12 month SWP spread across two financial years.
This helps me ensure that the capital gains do not exceed 1L in any of the financial years.
Assuming a scenario where the capital gains exceed 1L, how will they be taxed? And if I need to claim an indexation benefit, how do I do it?
There is no indexation benefit for equity capital gains.... beyond 1L, you will be taxed 10%
So, if you're LTCG is 1.2L, you will have to pay tax of 2k (10% on 20k that is beyond 1L)....
What to do once I retire? Let's say my mutual funds investments have become 1.5 cr now and I have reached retirement age. I have an own house and car, but now no more monthly income so what to do with my investment now? make an FD and pa...
I want to switch from a MF and start SIP in another MF in my portfolio. Is it advisable to switch entirely in one go or do SWP from the folio and go for SIP in the other. Also what are the tax implications in such case. TIA
Can someone here explain the LTCG and STCG taxation on equity investments (or maybe applicable to other asset classes also) ? From what I understand, LTCG is taxed at 10% on profits exceeding 1 lakh. However, when making a partial withdr...
I have been working professionally working from the last 3 years as a software engineer and I have 25 in my savings account, I have never invested my money before but it feels like a serious mistake on my end. I am looking for advice how...
