In a financial year, we can save income tax by investing in LIC, health insurance, medical preventive checkup etc. But, while filing income tax return, we have to claim these expenditure and investments to get the tax benefit. If you have not declared at the start of financial year about these investments and tax hasContinue reading “Comparison of OLD and NEW income tax deduction, exemptions and rebate for FY 24-25, FY 25-26”
Tag Archives: tax
FY 25-26, FY 24-25 Income tax rate slabs – ‘Old vs New’
For FY 25-26 (AY 26-27), FY 24-25 (AY 25-26), the Income tax rate slabs – ‘Old vs New’ for Individual, HUF, senior citizen, super senior citizen and Surcharge have been covered in this post. The new income tax rate is same for all individual like ‘individual below 60 years of age’, for senior citizen betweenContinue reading “FY 25-26, FY 24-25 Income tax rate slabs – ‘Old vs New’”
BH series vehicle registration 2025 online apply process, link, cost and transfer
What is BH series or Bharat series vehicle registration? MoRTH (Ministry of Road Transport and Highways) has issued a new number series BH (Bharat) for vehicle under Central Motor Vehicles (20th Amendment) Rules, 2021. It is for those people, who has to move from one state to another in case of job transfer or forContinue reading “BH series vehicle registration 2025 online apply process, link, cost and transfer”
New STCG tax, Revised LTCG tax on property, listed (stocks, MF, ETF) and unlisted assets (Real Estate, Gold)
On 23rd July 2024, the budget presented by our FM changed the whole capital gains structure in a massive way. Capital gains include both short term capital gains (STCG) and long term capital gains (LTCG). Short term capital gains (STCG) and long term capital gains (LTCG) applies mostly on listed assets and unlisted assets both.
Difference between Short term and Long term capital gains
Capital gains definition: Capital gains are the gains arising from the sale of any type of capital assets like immovable property, equity shares (listed or Un-listed), debt-fund, mutual fund, Jewellery etc. We’ll know the difference between Short term and Long term capital gains below in detail. (source: Income tax India)