What is LTCG? What is Grandfathering of taxable LTCG up to 31 January 2018? Does LTCG apply to Mutual Funds? What is the tax percentage and How to calculate the tax?
There is so much hype about the mutual fund as an asset class and so let us analyze to see if are there any real benefits of investing in mutual funds over other asset class?
When a mutual fund pays dividends, the net asset value of the fund reduces by the amount of dividend being paid out. So reduces the investment in the market.
How profit from short term investment i.e. investment for under 1 year in equity market can still save lot of tax that may need to be paid otherwise.
The best strategy for saving tax is to invest with minimum locked in period and save maximum tax with minimum possible to zero investment.
In the last quarter of fiscal when we approach the month of March, questions related to taxation hit my inbox quite often and one of the very common question is – Do I need to file my IT returns when I am in loss for my portfolio?