#mutual funds


Budget 2024: Top 5 budget proposals on personal taxes

In Budget 2024, the first budget in a decade presented by a coalition government, Finance Minister Nirmala Sitharaman announced several proposals that change the existing tax treatment for almost all asset classes. Top among them is the taxation on equity shares and mutual funds. Sitharaman also proposed a few tweaks to the new tax regime […]

Personal Finance, Varsity
23 Jul 2024

What’s the ‘new asset class’ that SEBI just proposed?

I recently read a Mint article discussing why people fall for unregulated schemes carrying great risk. The story cites the quote –  “There is nothing as disturbing to one’s well-being and judgement as to see a friend get rich. Unless it is to see a non-friend get richer,” from the book ‘Manias, Panics and Crashes’ […]

Personal Finance, Varsity
18 Jul 2024

FY23-24: How to report long-term capital gains in the income tax return?

I have capital gains on the sale of equity shares and mutual funds I bought in 2020. Which ITR form should I choose, and where should I report these gains in the ITR? For listed domestic shares and mutual funds, if the holding period exceeds 12 months, the gains are considered long-term. Since the shares […]

Content, Quicko
12 Jul 2024

Does investing early matter?

Remember that story of the chessboard and rice? A wise man presented a chessboard to a king, asking for one grain of rice on the first square, two grains on the second, four on the third, and so on, doubling the grains on each subsequent square. The king, thinking it was a modest request, agreed. […]

Personal Finance, Varsity
11 Jul 2024