Moving abroad for a new job or fresh start is exciting, but understanding the complexities of managing your finances during the transition from resident to non-resident Indian status is essential. This shift impacts investments, banking, and taxation. Here’s a detailed guide ...
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LTCG on Property - Old Vs New
15.08.24 04:00 AM - Comment(s)
Starting from July 23rd, 2024 the change from a 20% LTCG tax rate with indexation benefits to a 12.5% rate without indexation could significantly raise your tax liability from property sales, particularly for those with modest investment appreciation. Investors and property owners...
Income Tax Reporting of F&O and Intra-Day trades
08.08.24 04:00 AM - Comment(s)
Futures and Options (F&O) Trading and Intra-day Trading are popular among investors in India. However, reporting these transactions in the Income Tax Return (ITR) can be complex. All trading income, including losses, must be reported in income tax returns. The absence of ...
F.I.R.E
18.07.24 05:00 AM - Comment(s)
The FIRE movement (Financial Independence, Retire Early) is all about achieving financial freedom and retiring earlier than traditional methods allow. Let’s dive into the details:
What Is the FIRE Number?
- Your FIRE number represents the amount of money you need to be financially independent and retire...
Indian Real Estate for NRIs
11.07.24 05:00 AM - Comment(s)
Selling property in India as a Non-Resident Indian (NRI) is no walk in the park. The labyrinth of tax laws and bureaucratic hurdles can turn a simple transaction into a nightmare. Take, for example, the hefty 20% tax deducted at source—a surprise to many, including my friend Arjun, who sold his ance...
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