What is STT and How is it Calculated?
There are many charges that are imposed on investors while trading securities such as brokerage charges, turnover fees, service tax, stamp duty....
MAS Team | 19 November 2022
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How Much Gold Can You Hold in India And How Is It Taxed
Buying gold is considered auspicious in India. Gold is also widely regarded as a safe-haven investment. The value that it contains can be said to be...
MAS Team | 22 October 2022
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Know the Income Tax Implications on Your Diwali Gifts
The festival of lights is around the corner. Diwali is an occasion where you exchange cash or gifts with your family and friends and spread positive...
MAS Team | 08 October 2022
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Why Your I-T Refunds Are Delayed and What to Do About it
The income tax (I-T) department has said income tax refunds of Rs 1.19 lakh crore have e been issued up to 8 September 2022,
MAS Team | 16 September 2022
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ITR Verification Deadline To End Soon: How to e-Verify, What Happens In Case Of Delay, Other Details
After filing an income tax return (ITR), the next step is verification. While the last day to file ITR without penalty ended on 31st July.
MAS Team | 27 August 2022
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How to fix errors in your Annual Information Statement (AIS)
The Annual Information Statement (AIS) is a comprehensive statement containing details of financial transactions done by you, irrespective of whether...
MAS Team | 22 July 2022
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Can Shares in defunct Companies Like DHFL be Treated as Losses in Income Tax Return?
There are many investors who are staring at huge losses on account of shares in which they had invested getting defunct and delisted.
MAS Team | 02 July 2022
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I-T Department Notifies Cost Inflation Index For FY23 For Computing Long Term Capital Gains
The Central Board of Direct Taxes (CBDT) has notified the cost inflation index (CII) for financial year (FY)2022-23 through a notification dated 14...
MAS Team | 18 June 2022
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How To Save Tax On Gains From Property Sales
If you are planning to sell a property in the near future then you should be aware of the rules on capital gains tax on property.
MAS Team | 10 June 2022
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How are Capital Gains on Bond Investments Taxed?
Bond investors usually check many parameters while investing in bonds or debentures, such as a coupon, frequency of coupon payments, maturity,
MAS Team | 23 April 2022
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Explainer: Everything You Need to Know About the NPS
It is that time of the year and as you rush to complete your tax planning for the year, we have put together all the information you need to know...
MAS Team | 29 January 2022
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How Indexation Benefit Can Help Save Tax On Debt Mutual Funds
Any person who is selling real estate, shares, mutual funds or jewellery that is owned by him/her, needs to pay income tax on gains. Such gains are...
MAS Team | 21 January 2022
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Are Gifts Received at the Time of Marriage Taxable?
In India, big fat weddings are not only about spending money. It is customary in Indian for families to exchange gift at the occasion of marriage.
MAS Team | 25 December 2021
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How to Compute Capital Gains Tax for Unlisted Shares?
Taxation of equity shares is easy – if the shares are sold after a year, any capital gains arising from such sale are taxed at 10% after...
MAS Team | 03 July 2021
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3 Ways to Reduce Taxes
Taxes chase us everywhere, in the income we earn, the things we purchase and in the assets we build our wealth. The burden of taxes is felt higher as...
MAS Team | 14 May 2021
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Should you file taxes under the new tax regime or the old one?
In the Union Budget of 2020, finance minister Nirmala Sitharaman had announced a new concessional tax regime. The new tax regime had many more income...
MAS Team | 13 March 2021
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Transferring personal assets to HUF to save tax? Think again
Hindu Undivided Family or HUF is a family that consists of persons who are lineal descendents of a common ancestor. HUF is considered as a separate...
MAS Team | 30 January 2021
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How to handle tax status when NRIs return permanently
If you live outside India for work or any other purpose, then you must be aware of the different taxation laws that apply to non-resident Indians.
MAS Team | 27 November 2020
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Which online portals are good for filing IT returns?
It is the time of filing your income tax returns. Filing your own returns is easy if you only have salaried income and interest on bank deposits.
MAS Team | 25 April 2020
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Are You Saving Tax Fully?
Moneylife Smart Savers has devised a new tool though which you can calculate your taxable income that can be saved through the various sections of...
MAS Team | 04 December 2015
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