1) Is it the investors' responsibility to report their LTCG and STCG to the IT department? Will they know it if we do not report our gains? (I am not planning a tax evasion, just want to know) Yes it is the investors' responsibility to correctly report all their income

A Mutual Fund is a common ('mutual') pool of money ('fund') managed by a Fund Manager (an individual or a team). It is a great way for individual investors to get easy access to professionally managed and well-diversified portfolios of stocks (equity) and bonds (debt). Apart from the fund management

How are Equity Long Term Capital Gains (LTCG) taxed? Before 1st April 2018, Long Term Capital Gains from stocks and equity Mutual Funds (i.e. gains on equity investments that have been held for 1 year or more) were tax free. From 1st April 2018, equity LTCG is taxable at

NRI is not just another term that your aunt may use to address you at every party. This term defines your tax status in India. You are a Non Resident Indian as per Income Tax Act, 1961 if you fulfil any of the following criteria: You have stayed outside India

Budget 2018 seems to be a pro-poor and pro-agriculture budget without any concessions for the Indian tax payers or investors. Here are the highlights of Budget 2018 with respect to your personal finance: Personal income tax slabs remain unchanged. However Education cess is being increased from 3% to 4% and