I want to redeem equity mutual funds this financial year but keep gains under ā¹1.25 lakh to avoid capital gains tax. How can I check the split between principal and gains before withdrawing? Is there a portal, app or website for easy calculation? āName withheld on request While there is no specific portal or app…
In addition to lowering income tax payable by individuals, Budget 2025 gave citizens relief by raising the threshold for tax deducted at source (TDS) and removing conditions on declaring a second house as self-occupied for tax purposes. The changes on TDS will benefit senior citizens as the paperwork they need to complete to avoid a…
Your income from letting out of a house or part of your house will henceforth not be charged under the head āprofits and gains of business or professionā. Instead, it will be chargeable only under the head āincome from house propertyā. The government announced this change in tax regulation in the Union Budget 2024.Ā It…
