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REINVEST TO SAVE TAX
I have LTCG tax liability of Rs 16 lakh from land sale; should I pay income tax or reinvest to save?ET Wealth Reader's Query: I am 57. I recently sold a piece of land near Jewar airport, resulting in a long-term capital gains (LTCG) tax li...
The burden of cancer drugs: Millions battle exorbitant prices as life-saving treatment slips out of reachFor millions of cancer patients, the cost of treatment can be as frightening as the diagnosis. From steep markups to patented drugs that re...
Have over Rs 1.50 crore in mutual funds? Expert explains how to plan a Rs 16,000 monthly SWP in retirementAs retirement approaches, investors must prioritize sustainable income from their portfolios. Take, for example, a 59-year-old managing Rs ...
5-year FD vs NSC calculator: Check maturity senior citizens can get on Rs 2.5 lakh investment in NSC and FDs from SBI, HDFC Bank, PNB, ICICI Bank and othersFor senior citizens eyeing steady income, evaluating National Savings Certificates against bank fixed deposits is crucial. Investing Rs 2.5...
Warren Buffett and his arithmetic: Why one might be better without dividendHe could have called it a record and nobody would have argued. Instead he opened with the bad news, explained why the number was not good e...
Can NRIs gift money to an HUF and save tax? Check these income clubbing and tax rules before transferring fundsNRIs have the opportunity to gift money to their Hindu Undivided Family (HUF) without incurring immediate tax obligations. However, it's im...
In 2007, Capannori rejected a new incinerator and embraced zero waste. 19 years later, its door-to-door system helped push recycling above 80% and inspire Italy’s movementCapannori, a town near Lucca in Tuscany, developed a Zero Waste approach after residents opposed a proposed incinerator. Rossano Ercolini a...
ETMarkets Management Talk | Crompton 2.0: How premiumisation, innovation and smart products could reshape growth: Kaleeswaran ArunachalamOver the last decade, Crompton has expanded beyond its core categories through sustained investments in technology and product innovation.
Income tax for senior citizens: No salary after retirement? These 7 incomes can still attract tax; know what is exemptRetirement is not synonymous with tax freedom. Your pensions, interest income, rental earnings, and capital gains may still incur taxes. It...
REIT, InvIT investors can benefit if trust switches income tax regime: Know how maximum effective tax rate of 34.94% under old tax regime comes down to 28.60% under new tax regimeEffective tax rate of 34.94% under old and 28.60% under new tax regime; know how REIT, InvIT unitholders can benefit if trusts' switch tax ...
Will the 70-20-10 budgeting rule keep you stuck in the middle class? CA Nitin Kaushik shares his blunt wealth-building adviceCA Nitin Kaushik argues that blindly following the 70-20-10 budgeting rule could keep young Indians “stuck in the middle class.” He says hi...
NRI selling property, shares or gold in India? Here's how you can manage your capital gains tax in a better waySelling Indian investments triggers capital gains tax for NRIs, with rules varying by asset type. Property sales offer significant tax redu...
Despite no investment you can still get Section 80C income tax deduction if you invested in NSCSave income tax: National Savings Certificate is a fixed-income investment scheme that's backed by the Government of India. But did you kno...
NSC vs bank FDs: Which is a better tax saving option?NSC and tax-saving FDs both offer tax benefits and assured returns with a 5-year lock-in. NSC provides higher interest rates and tax advant...
Should you reinvest ELSS money every three years to claim tax breaks?Some retail investors like to reinvest their money in Equity Linked Saving Schemes (ELSS) every three years to claim tax benefits under Sec...
Difference in Sec 80C tax break on interest on NSCs and FDs: Budget 2018 needs to remove anomalyInterest on NSCs qualifies for section 80C rebate whereas that on FD does not despite both of them having a same lock-in period of five yea...
Budget 2016: Why government is wrong in taxing EPFThe best way to tax savings is indeed to exempt them at the time of contribution, exempt them at the time of accumulation and tax them at t...
EET will be a smart way for people to build a retirement nestUnder EET, all savings can be exempted from tax both at the time of contribution and during the accumulation and growth phase, and are taxe...
Know the best way to invest in ELSS & optimise your returnsIf you are planning to invest in an ELSS fund, here are the things you should keep in mind to make the most of this option.
- How much tax do infra bonds really save?
While infrastructure bonds do offer tax benefits, the rate of returns promised in the advertisements may fall short of actual earnings.