My father died nearly four years ago and I am a legatee along with my mother. The clause of the Will is that “I bequeath property to my wife for her life absolutely and, thereafter, to my son”, to the exclusion of all. Is it possible for my mother to alienate the property by sale? […]
You need to pay the fourth and last instalment of advance tax for financial year (FY) 2018-19 by 15 March, if you want avoid paying an interest on the amount due. WHO NEEDS TO PAY? According to Section 208 of the Income-tax Act, 1961, every individual tax assessee whose estimated tax liability for an FY[…..]
One of the things that makes debt funds attractive is their tax efficiency. Long-term capital gains (LTCG) earned on debt mutual funds are eligible for indexation benefits before they are taxed. What is indexation benefit and how is it calculated? ISTOCKLTCG IN DEBT FUNDS Mutual funds provide returns in the form of dividends and capital[…..]
I am 49 years old and have been investing ₹5,000 each in Mirae Asset Emerging Bluechip, L&T India Value, IDFC Focused Equity, L&T Emerging Business and Motilal Oswal 35 funds since August 2017. My investment horizon is 10 years. Should I continue investing in these funds? I STOCK—Dewang Goyal You are currently investing ₹25,000 per[…..]