Photo: Pradeep Gaur/Mint I am based in Kenya and am selling a house in Hyderabad, which I had bought in 2007. How will long-term capital gains (LTCG) be taxed? —Sahil Gupta Sale of a capital asset such as a house results in capital gains. When a property has been held for more than 2 years, the gains are referred to …

Income tax department issued notices to thousands of cryptocurrency users HIGHLIGHTS Cryptocurrency market believes that government is going a bit too far Recently, Japan & China cracked down against cryptocurrencies South Korea is considering shutting down its virtual currency exchanges From finance ministry to Reserve Bank of India (RBI) to income tax (I-T) authorities, almost every regulator of any significance …

Many taxpayers exhaust the Rs. 1.5 lakh tax deduction limit under Section 80C (Representational image) Income tax deductions on life insurance premium, an employee’s contribution towards EPF (Employee Provident Fund), PPF (Public Provident Fund), children’s tuition fees, pension plans, principal repayment on home loans and a host of other investment options are covered under Section 80C of the Income Tax …

Under the SWP option, the mutual fund investor gets a specified amount as a monthly payout. Bank fixed deposits, Senior Citizens Savings Scheme, and Post Office Monthly Income Schemes are some of the popular investment options for retired and semi-retired people who like to earn regular monthly income. Can mutual funds do the job? Many debt funds as well as …

The Reserve Bank of India (RBI) committee looking into household finance has several fascinating takeaways into what impedes Indian families from saving, insuring, and investing better. Headed by Tarun Ramadorai, professor of Financial Economics at Imperial College London, the committee report says households can significantly augment their annual income if they had access to formal financial institutions and products, and …