Journey With Myself Promotion : Promote to win a top level domains + Hosting!

This is a promotional giveaway where you could win the following prizes: Top Level Domains [Like *.com *.org *.in etc] Premium hosting for 1 year Many domains This promotion will run from Sunday, 12th October’ 2011 to 31st October’ 2011 00:00 hours (mid-night). Result of the promotion will be announced on within a week and prizes will be distributed to all the winners in the next 3 weeks’ time.

Every Day is A New Day

New day.. New office location.. New Seat.. So many new things happened to me before this new year comes. Newness always brings enthusiasm and excitement. Hope this New Year also comes with hand full of surprises as Every Day is a New Day indeed..!!!

12 Most Famous Love Stories of All Time

When: 31 BC Where: Rome and Egypt What’s So Special about Their Love: These two had a love so strong, war was waged against them to break them up. When Mark Antony left his wife, Octavia, for the mesmerizing Cleopatra, Octavia’s brother Octavian brought the army of Rome to destroy them. These two lovers were so entranced with each other that they committed suicide rather than be apart- the ultimate Romeo and Juliet true love story.

Mahatma`s Teachings

I like both the movies MunnaBhai MBBS and Lage Raho MunnaBhai. I dont know about the Gandhi`s political decisions but I believe in his teachings to the nation.

Universal Truth about Boys............lolz!!

Now i truly admit, Google is very very very smart......

Showing posts with label investment. Show all posts
Showing posts with label investment. Show all posts

Monday, March 5, 2018

Understanding Capital Gain Tax

Many people make capital gains from stock and mutual fund investments. An individual who has sold shares or mutual fund units in the previous financial year must mention the gains, if any, in the return. 
Long-term capital gains on stocks and equity mutual funds are not taxed. But short-term gains are taxed at 15%.
In case of debt mutual funds, both short-term and long-term capital gains are taxed. Short-term capital gains are added to the income and taxed as per the individual's income tax slab. Long-term capital gains from debt mutual funds are taxed at 20% with indexation and 10% without indexation. Indexation is adjusting the purchase price for inflation. This increases the purchase cost and, thus, lowers the gain. 
Calculating capital gains is not easy. Imagine you invested in an equity fund through a systematic investment plan, or SIP, till December 2013 and redeemed the investment in March 2014. You might have made decent profits on your total investment, but a part of it could be short-term gains (each SIP instalment must complete one year if it is to be considered a long-term investment for tax purpose), which are taxable at 15%.

Will you be able to calculate the short-term gains on your own? You can, if you are financially savvy, get the net asset value, or NAV, of the fund on each SIP date and calculate the profit/loss on each SIP to arrive at the net gain. Most retail investors will find the process tedious. Even if they are able to do the calculation, they would rather not take any chance lest they make a wrong disclosure in the return.

It's better to get the figure from a trusted source. Mutual fund investors can get the capital account statement on demand from the fund house. However, it is not easy for investors in direct equity, as not all brokerage houses give the statement.