A property purchase is a mixed feeling for the buyers. Normally, the buyers are super excited at the time of first property purchase. They just want to close the deal asap. Therefore, the probability of blunder is high during first property purchase. Recently, i asked one of my clients to share some property related documents. He emailed me 2 documents. He told me that he received only these 2 documents besides a copy of sale deed and couple of other documents submitted for a home loan. Now he is struggling to sell the property as he bought it 8 years back. I casually asked him, was this his ... Read More
Capital Gain Bonds – The BEST way to save Capital Gain Tax
Capital Gain Bonds is the best way to save long term capital gain. I will explain it later. The exemption through capital gain bonds is available u/s 54EC. These bonds are issued by NHAI and REC. You can invest through any of the nearest bank branches. Almost all the leading PSU and Private banks issue capital gain bonds. The value of one bond is Rs 10,000. Therefore, you can invest only in multiple of Rs 10,000. In case, your capital gain is Rs 2,37,000 then you should buy 24 bonds worth Rs 2,40,000. The credit rating of capital gain bonds is AAA i.e. highest credit rating. To hedge risk, if ... Read More
Capital Gain Deposit Account Scheme – All you want to know
Capital Gain Deposit Account Scheme is applicable for taxpayers who would like to purchase a new property to claim exemption u/s 54. In layman terms, if you have sold a property and long term capital gain is arising from the transaction. You can retain the capital gain in your Savings Account till the date of filing the Income Tax Return or till the due date of ITR filing. The last date of filing ITR is for the financial year in which capital gain arises. Normally, the due date of filing Income Tax return is July 31 for the previous Financial Year. Under extraordinary circumstances, it can be ... Read More
Long Term Capital Gain from Property – 11 Least Known Facts
I receive a lot of queries on Long Term Capital Gain. Each case is different from another. In my post, capital gain tax, i discussed long term capital gain in detail. It is a vast subject and not possible to cover in the single post. The rules related to long term capital gain from house property are different. There are a lot of myths and misconceptions about long term capital gain from house property. The objective of this post is to clarify the doubts of the readers. Secondly, a lot of readers share references of the decision of courts and income tax tribunals. These decisions are ... Read More
Stock Investment – When to Enter and Exit the Stock Market
Stock Investment is very risky in nature. You can do infinite no of analysis before Stock Investment. A set of investors vouch for fundamental analysis and others bet for technical analysis. I discussed it in my post, Fundamental vs Technical Analysis of a stock. The analysis is not right or wrong. It is important, how it is being done and what is the conclusion of an investor. A right analysis with the wrong conclusion is as good as wrong analysis. This post is not related to individual stock analysis as it is different ball game altogether. This post is a continuation of the previous post, 5 ... Read More
Successful Investors – Five Hidden Secrets to Make Money
Successful Investors are the ones who never lose money in the stock market. They time the market well. On the other hand, experts suggestion to retail investors is that never try to time the market. These two are contradictory stands. Are experts trying to say that retail investors can never be successful investors? In my opinion, it is not the case. One of the reasons why retail investors lose money is wrong timing. I have already discussed this point in detail in my previous posts. To join the league of successful investors, Retail Investor has to observe what successful investors do it ... Read More
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