This document summarizes capital gain exemptions and tax saving investments in India. It discusses that capital gains are profits from the sale of capital assets like property or stocks. There are exemptions for long-term capital gains reinvested in other assets within a time period. The document also outlines several tax saving investment options under section 80C of the Income Tax Act and calculates tax liabilities for scenarios applying these provisions. The research aimed to increase awareness of these benefits to maximize tax savings through proper investment planning.
A COMPARATIVE STUDY OF CAPITAL GAIN TAX ON EQUITY OF INDIA WITH RESPECT TO OT...MOHAMMED ILYAS K
In the present paper an attempt has been made to study the capital gain taxation structure of India by comparing it with some of the developed and developing countries and impact of new LTCG tax on the Indian stock market. The Comparison is done by selecting a sample of five countries and comparing the tax structures of India with respect to the parameters like STCG tax rate, LTCG tax rate and holding period for LTCG. It was found that all the selected countries have some form of capital gains taxation, the manner of taxation and the level of capital gains taxation in those countries differ greatly
Calculate LTCG & STCG Tax on Property in India for Capital Gains.pdfyamunaNMH
Calculate LTCG & STCG Tax on Property- Any profit or gain that results from the sale of a “capital asset” is referred to as a capital gain. Real estate, stock, mutual funds, jewellery, trademarks, and other investments. are considered capital assets. Since the gain or profit is viewed as “income,” you must pay taxes on that particular amount in the same year that the capital asset was transferred.
This document discusses capital budgeting and investment decision making. It begins by defining capital budgeting as the process of evaluating investment opportunities that require large capital outlays and have benefits received over many years in the future. The document then outlines the capital budgeting process, which includes identifying investment opportunities, evaluating proposals, selecting the most profitable project, allocating funding, and reviewing performance after completion. Finally, it discusses various methods that can be used to evaluate investment proposals, including payback period, accounting rate of return, net present value, and internal rate of return.
Comprehensive tax planning for long term capital gainsAbhishek Murali
An article that comprehensively covers tax planning for capital gains and reinvestment of long term capital assets. This article includes various landmark and recent case laws that will assist an individual in planning his taxes even before the sale of the asset!
The Union Budget FY22 document provides an overview and summary of the key proposals and initiatives in the Indian government's budget for fiscal year 2022. It outlines the government's focus on health, infrastructure development, job creation, ease of doing business, privatization, and tax reforms. Major allocations include increasing funding for healthcare, water supply, urban development, and research. Key proposals involve setting up a bad bank, developing asset monetization plans, allowing more private participation in sectors like ports and transportation.
This document provides an introduction to supply chain management. It defines supply chain as the complete process of receiving a customer order through fulfilling the order via delivery of the product or service. The supply chain includes all steps from purchasing and production through distribution to meet customer requirements. It aims to deliver products and services at attractive prices, on time, and with good quality through systematic coordination across the order fulfillment process.
Tax Planning with Reference to Managerial Decisions_NC.pdfDayanand Huded
This chapter comprises of Financial Decisions: Capital Structure Decisions; Dividend Policy; Bonus Shares and Capital Gains; Bond Washing Transactions; Own or Lease of an Asset, Installment or Hire Purchase, Make or Buy Decisions, Buying an Asset with Own Fund or Borrowed Fund and Repair, Replace, Renewal or Renovation; Shutdown or Continue: Tax Planning in respect of Amalgamation or De-Merger of Companies, Conversion of a Firm into a Company; Conversion of Sole Proprietorship into Company, Conversion of Company into Limited Liability Partnership.
Cost of Capital and also expenditure incurred in raising of such capital. Expectation of shareholders by way of dividend, growth etc. Expansion need of the business i.e. the rate by which profits of the business shall be again ploughed back in the business.
If the return on investment > rate of interest , maximum debt funds may be used, since is shall increase the rate of return on equity . However, cost of raising debt fund should be kept in mind.
if rate of return on investment < rate of interest, minimum debt funds should be used.
Where assessee enjoys tax holidays under various provisions of Income-Tax in such case minimum debt fund should be used, since the profit arising from business is fully exempt from tax which increase the rate of return of equity capital. But the borrowed funds reduces the profits ( profits less interest) before tax and to the extent exemption is reduce.
bond washing transaction can be defined as a transaction where some securities are sold sometime before the due date of Interest and reacquired after the due date is over. In order to discourage such transactions section 94 was introduced.
Where the owner of any securities (in this sub- section and in subsection (2) referred to as" the owner") sells or transfers those securities, and buys back or reacquires the securities, then, if the result of the transaction is that any interest becoming payable in respect of the securities is receivable otherwise.
Bond washing is the practice of selling a bond just before it pays a coupon payment and then buying it back once the coupon has been paid. Bond washing previously could result in apparently tax-free capital gains because after the coupon has been paid, the bond will often sell for less. However, the practice has been banned in most major jurisdictions.
This document provides information to educate investors on various investment concepts and strategies. It discusses the impacts of inflation on investments and how starting early allows one to benefit more from compounding returns. It explains traditional investment options and their after-tax returns. The document also covers capital market basics, mutual funds, taxation, and the importance of financial planning and asset allocation. It aims to help investors understand different investment vehicles and strategies to grow their wealth over the long run in a prudent manner.
A COMPARATIVE STUDY OF CAPITAL GAIN TAX ON EQUITY OF INDIA WITH RESPECT TO OT...MOHAMMED ILYAS K
In the present paper an attempt has been made to study the capital gain taxation structure of India by comparing it with some of the developed and developing countries and impact of new LTCG tax on the Indian stock market. The Comparison is done by selecting a sample of five countries and comparing the tax structures of India with respect to the parameters like STCG tax rate, LTCG tax rate and holding period for LTCG. It was found that all the selected countries have some form of capital gains taxation, the manner of taxation and the level of capital gains taxation in those countries differ greatly
Calculate LTCG & STCG Tax on Property in India for Capital Gains.pdfyamunaNMH
Calculate LTCG & STCG Tax on Property- Any profit or gain that results from the sale of a “capital asset” is referred to as a capital gain. Real estate, stock, mutual funds, jewellery, trademarks, and other investments. are considered capital assets. Since the gain or profit is viewed as “income,” you must pay taxes on that particular amount in the same year that the capital asset was transferred.
This document discusses capital budgeting and investment decision making. It begins by defining capital budgeting as the process of evaluating investment opportunities that require large capital outlays and have benefits received over many years in the future. The document then outlines the capital budgeting process, which includes identifying investment opportunities, evaluating proposals, selecting the most profitable project, allocating funding, and reviewing performance after completion. Finally, it discusses various methods that can be used to evaluate investment proposals, including payback period, accounting rate of return, net present value, and internal rate of return.
Comprehensive tax planning for long term capital gainsAbhishek Murali
An article that comprehensively covers tax planning for capital gains and reinvestment of long term capital assets. This article includes various landmark and recent case laws that will assist an individual in planning his taxes even before the sale of the asset!
The Union Budget FY22 document provides an overview and summary of the key proposals and initiatives in the Indian government's budget for fiscal year 2022. It outlines the government's focus on health, infrastructure development, job creation, ease of doing business, privatization, and tax reforms. Major allocations include increasing funding for healthcare, water supply, urban development, and research. Key proposals involve setting up a bad bank, developing asset monetization plans, allowing more private participation in sectors like ports and transportation.
This document provides an introduction to supply chain management. It defines supply chain as the complete process of receiving a customer order through fulfilling the order via delivery of the product or service. The supply chain includes all steps from purchasing and production through distribution to meet customer requirements. It aims to deliver products and services at attractive prices, on time, and with good quality through systematic coordination across the order fulfillment process.
Tax Planning with Reference to Managerial Decisions_NC.pdfDayanand Huded
This chapter comprises of Financial Decisions: Capital Structure Decisions; Dividend Policy; Bonus Shares and Capital Gains; Bond Washing Transactions; Own or Lease of an Asset, Installment or Hire Purchase, Make or Buy Decisions, Buying an Asset with Own Fund or Borrowed Fund and Repair, Replace, Renewal or Renovation; Shutdown or Continue: Tax Planning in respect of Amalgamation or De-Merger of Companies, Conversion of a Firm into a Company; Conversion of Sole Proprietorship into Company, Conversion of Company into Limited Liability Partnership.
Cost of Capital and also expenditure incurred in raising of such capital. Expectation of shareholders by way of dividend, growth etc. Expansion need of the business i.e. the rate by which profits of the business shall be again ploughed back in the business.
If the return on investment > rate of interest , maximum debt funds may be used, since is shall increase the rate of return on equity . However, cost of raising debt fund should be kept in mind.
if rate of return on investment < rate of interest, minimum debt funds should be used.
Where assessee enjoys tax holidays under various provisions of Income-Tax in such case minimum debt fund should be used, since the profit arising from business is fully exempt from tax which increase the rate of return of equity capital. But the borrowed funds reduces the profits ( profits less interest) before tax and to the extent exemption is reduce.
bond washing transaction can be defined as a transaction where some securities are sold sometime before the due date of Interest and reacquired after the due date is over. In order to discourage such transactions section 94 was introduced.
Where the owner of any securities (in this sub- section and in subsection (2) referred to as" the owner") sells or transfers those securities, and buys back or reacquires the securities, then, if the result of the transaction is that any interest becoming payable in respect of the securities is receivable otherwise.
Bond washing is the practice of selling a bond just before it pays a coupon payment and then buying it back once the coupon has been paid. Bond washing previously could result in apparently tax-free capital gains because after the coupon has been paid, the bond will often sell for less. However, the practice has been banned in most major jurisdictions.
This document provides information to educate investors on various investment concepts and strategies. It discusses the impacts of inflation on investments and how starting early allows one to benefit more from compounding returns. It explains traditional investment options and their after-tax returns. The document also covers capital market basics, mutual funds, taxation, and the importance of financial planning and asset allocation. It aims to help investors understand different investment vehicles and strategies to grow their wealth over the long run in a prudent manner.
This document is a lab file submitted by a student named Sukhchain Aggarwal for their degree in commerce. It contains an introduction, declaration, acknowledgements, table of contents, and begins discussing topics related to corporate tax planning in India. The key points covered include:
- An overview of corporate tax planning and how it can help reduce a company's tax liability through proper planning.
- The various heads of income that are considered for taxation: income from house property, business/profession, capital gains, and other sources.
- Methods of tax planning such as planning employee remuneration to ensure deductibility and tax benefits, deducting tax at source in specified cases, and the tax benefits of
A simple presentation that explains the complex subject of Capital Gains and its taxation in India. Not meant for tax professionals but only for the common man.
This is a copy of the presentation of the August 2010 Webinar on High Net Worth SMSF strategies conducted on 'thedunnthing' blog, http://thedunnthing.com
The document summarizes important direct tax proposals in India. Some key points include:
- No changes proposed to individual tax slabs, thresholds, or surcharges but a new 4% health and education cess is introduced.
- Standard deduction of Rs. 40,000 for salaried individuals and increased deductions for senior citizens for health insurance and medical treatments.
- Changes to capital gains tax provisions including the removal of long-term capital gains tax exemption and a new provision to calculate tax on long-term capital gains from listed shares.
- Corporate tax rate reduced to 25% for companies with turnover up to Rs. 250 crores.
This document discusses capital gains tax in India. It defines capital gains as profits arising from the transfer of a capital asset. It outlines the conditions for gains to be classified as capital gains, including that the asset must be transferred. It also defines short-term and long-term capital assets based on the holding period. Several exemptions are provided under sections 54, 54B, 54D, 54EC, 54F, and 54G if the capital gains are reinvested in specified assets within certain time periods.
The document discusses the different heads of income under the Indian Income Tax Act. There are five heads of income: (1) income from salary, (2) income from house property, (3) income from profits and gains of business and profession, (4) income from capital gains, and (5) income from other sources. Each head has different rules for what qualifies as taxable income and what deductions can be claimed. The document provides details on what types of income fall under each of the five categories and the specific tax treatment for each.
INDEX
1. Collective Investment Scheme
a. History of CIS . . . . . 1
b. Development of CIS . . . . . 2
c. Definition and CIS participants . . . . . 3
d. Benefits of CIS . . . . . 5
e. Disadvantages of CIS . . . . . 6
f. Different kind of CIS in the Market . . . . . 6
g. Schemes not treated as CIS . . . . . 8
h. Collective Investment Management Company . . . 11
i. Eligibility Criteria for CIS Registration . . . . 14
j. Governance of CIS . . . . . 16
2. Ponzi Scheme
a. Characteristic of Ponzi Scheme . . . . . 21
b. Case Studies
i. SPEAK ASIA, 2010 . . . . . 23
ii. GOLDSUKH, 2011 . . . . . 23
iii. ABHINAV GOLD, 2011 . . . . . 24
iv. SHIVRAJ PURI from CITIBANK INDIA, 2011 . . . 24
v. EMU FARMING, 2012 . . . . . 25
vi. THE SAHARA CASE, 2010 . . . . . 25
vii. THE SARADHA CASE . . . . . 27
3. Mutual Funds
a. Introduction . . . . . 29
b. Early History . . . . . 29
c. Growth and Development in India . . . . 33
d. Concept of Mutual Fund . . . . . 34
e. Structure of Mutual Fund . . . . . 39
f. Advantages of Mutual Fund . . . . . 42
g. Disadvantages of Mutual Fund . . . . . 43
h. Regulation of Mutual Fund . . . . . 46
i. Offer Document . . . . . 53
j. Statement of Additional Information . . . . 60
k. Difference between CIS and Mutual Funds . . . 62
4. Chit Funds
a. Origin and History of Chit Fund . . . . . 64
b. Evolution of Chit Fund . . . . . . 65
c. How do they work? . . . . . . 66
d. Chit Funds- Over the world . . . . . 68
e. Advantages of Chit Funds . . . . . 70
f. Case Study- Rose Valley Scam . . . . . 71
g. Difference between Mutual Funds and Chit Funds . . 72
h.
Tax Saving Mutual Fund - Invest in Franklin India Taxshield Fund and save you...franklintempletonindiaa
Franklin India Taxshield fund is a tax saving mutual fund which falls under the category of "Equity Linked Savings Scheme" (ELSS). It offers investors a tax deduction (Individuals and HUF) for an investment of upto Rs 1.5 lac which is allowed under Sec 80 C of Income tax Act 1961 (subject to a lock in period of 3 years)
Allaying all fears, the finance minister presented a brave budget. She took all Covid-19 blows on (fiscal) body and refused to yield to fiscal pressures. She prudently refused to indulge in allurements of raising resources through additional taxation. The Budget for FY22 is continuation of various measures announced during 2020 to support the economy. The recognition of the need of new economy (ecommerce workers, startups, e-learning, new education techniques etc.) and willingness to let go the control over even strategic CPSEs are signs of pragmatism. This is perhaps the only budget in independent India that does not propose to make any change in income tax rate structure.
It is now upon the administrative ministries, departments and state governments responsible for executing the proposals. Like Rishabh Pant, who went to Australia with a poor record of recent execution, the performance of these executing organs of the government in recent past has not been encouraging. It is to be hoped that the execution will improve materially in next 15 months and Indian economy shall emerge winner.
This document provides information about savings, investment, and taxation. It defines savings as income not spent on consumption. Factors affecting savings like income level and interest rates are discussed. Investment is defined as acquiring an asset to generate income or appreciation over time. Objectives of investment like maximizing returns and minimizing risk are outlined. Different types of investments like fixed deposits, stocks, mutual funds, bonds, and real estate are explained. Taxation is defined as compulsory levies imposed by governments to generate revenue. Objectives of taxation like raising revenue and promoting economic development are highlighted. Different tax classifications like direct and indirect taxes are summarized along with tax rates in India. Principles of a sound taxation system like transparency, simplicity, and stability
This document discusses dividend policy and theories related to dividends. It begins by explaining the concept of ploughing back profits or retaining earnings for reinvestment purposes. It then discusses different forms of dividends and factors that affect dividend policy decisions. Several theories of dividends are presented, including the irrelevance approach of Miller and Modigliani, the residual theory, Walter's model, and Gordon's model. The document provides illustrations and discusses management views on maintaining consistent dividends.
SBI Magnum Balanced Fund: An Open-ended Balanced Scheme - Dec 16SBI Mutual Fund
SBI Magnum Balanced Fund invests in a mix of equity and debt investments. It provides a good investment opportunity to investors who do not wish to be completely exposed to equity markets, but are looking for relatively higher returns than those provided by debt funds. The scheme invests in a diversified portfolio of equities of high growth companies and balances the risk through investing the rest in a relatively safe portfolio of debt.To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/Products/HybridSchemes/Magnum_Balanced_Fund.aspx
This document provides an overview of Real Estate Investment Trusts (REITs) in India. It discusses the background and evolution of REITs in India, highlighting key milestones such as the SEBI notification of REIT regulations in 2014. It describes the basic structure of REITs, including roles of the trustee, sponsor, manager and other parties. The document also outlines some of the main provisions of the SEBI REIT regulations, including requirements around sponsor contributions, investment conditions, income and dividend policies. Additionally, it summarizes the taxation implications for REITs and unit holders. Finally, the document discusses various valuation methodologies that can be used to value REITs.
The document provides an overview of investment fundamentals. It defines investment as committing funds in the expectation of a positive rate of return. The investment decision process typically involves 5 steps: 1) defining objectives, 2) analyzing securities, 3) constructing a portfolio, 4) evaluating performance, and 5) reviewing the portfolio. Investment alternatives discussed include negotiable securities like stocks and bonds, non-negotiable securities like bank deposits, tax-sheltered savings schemes, life insurance, mutual funds, real estate, commodities, and precious metals. The concepts of risk and return are also introduced, including different types of risk and how returns are calculated.
Mutual funds provide investors with a convenient way to achieve diversification and access the expertise of professional fund managers. The document discusses the life stages of an individual investor and how mutual funds can help meet different financial goals at each stage. It then provides an overview of different types of mutual funds based on structure, investment objectives, and other special features. Key points include how open-ended funds allow entry and exit at any time, while close-ended funds have a defined investment period. The summary also notes that equity, debt, balanced, and other specialized funds have different risk-return profiles suited to various investment horizons and goals.
Presentation prepared by BBA sem2 student on Investment Demand Curve with help from Macroeconomics book by Mr. H.L. Ahuja. Hope this helps you in understanding the concept.
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
This document is a lab file submitted by a student named Sukhchain Aggarwal for their degree in commerce. It contains an introduction, declaration, acknowledgements, table of contents, and begins discussing topics related to corporate tax planning in India. The key points covered include:
- An overview of corporate tax planning and how it can help reduce a company's tax liability through proper planning.
- The various heads of income that are considered for taxation: income from house property, business/profession, capital gains, and other sources.
- Methods of tax planning such as planning employee remuneration to ensure deductibility and tax benefits, deducting tax at source in specified cases, and the tax benefits of
A simple presentation that explains the complex subject of Capital Gains and its taxation in India. Not meant for tax professionals but only for the common man.
This is a copy of the presentation of the August 2010 Webinar on High Net Worth SMSF strategies conducted on 'thedunnthing' blog, http://thedunnthing.com
The document summarizes important direct tax proposals in India. Some key points include:
- No changes proposed to individual tax slabs, thresholds, or surcharges but a new 4% health and education cess is introduced.
- Standard deduction of Rs. 40,000 for salaried individuals and increased deductions for senior citizens for health insurance and medical treatments.
- Changes to capital gains tax provisions including the removal of long-term capital gains tax exemption and a new provision to calculate tax on long-term capital gains from listed shares.
- Corporate tax rate reduced to 25% for companies with turnover up to Rs. 250 crores.
This document discusses capital gains tax in India. It defines capital gains as profits arising from the transfer of a capital asset. It outlines the conditions for gains to be classified as capital gains, including that the asset must be transferred. It also defines short-term and long-term capital assets based on the holding period. Several exemptions are provided under sections 54, 54B, 54D, 54EC, 54F, and 54G if the capital gains are reinvested in specified assets within certain time periods.
The document discusses the different heads of income under the Indian Income Tax Act. There are five heads of income: (1) income from salary, (2) income from house property, (3) income from profits and gains of business and profession, (4) income from capital gains, and (5) income from other sources. Each head has different rules for what qualifies as taxable income and what deductions can be claimed. The document provides details on what types of income fall under each of the five categories and the specific tax treatment for each.
INDEX
1. Collective Investment Scheme
a. History of CIS . . . . . 1
b. Development of CIS . . . . . 2
c. Definition and CIS participants . . . . . 3
d. Benefits of CIS . . . . . 5
e. Disadvantages of CIS . . . . . 6
f. Different kind of CIS in the Market . . . . . 6
g. Schemes not treated as CIS . . . . . 8
h. Collective Investment Management Company . . . 11
i. Eligibility Criteria for CIS Registration . . . . 14
j. Governance of CIS . . . . . 16
2. Ponzi Scheme
a. Characteristic of Ponzi Scheme . . . . . 21
b. Case Studies
i. SPEAK ASIA, 2010 . . . . . 23
ii. GOLDSUKH, 2011 . . . . . 23
iii. ABHINAV GOLD, 2011 . . . . . 24
iv. SHIVRAJ PURI from CITIBANK INDIA, 2011 . . . 24
v. EMU FARMING, 2012 . . . . . 25
vi. THE SAHARA CASE, 2010 . . . . . 25
vii. THE SARADHA CASE . . . . . 27
3. Mutual Funds
a. Introduction . . . . . 29
b. Early History . . . . . 29
c. Growth and Development in India . . . . 33
d. Concept of Mutual Fund . . . . . 34
e. Structure of Mutual Fund . . . . . 39
f. Advantages of Mutual Fund . . . . . 42
g. Disadvantages of Mutual Fund . . . . . 43
h. Regulation of Mutual Fund . . . . . 46
i. Offer Document . . . . . 53
j. Statement of Additional Information . . . . 60
k. Difference between CIS and Mutual Funds . . . 62
4. Chit Funds
a. Origin and History of Chit Fund . . . . . 64
b. Evolution of Chit Fund . . . . . . 65
c. How do they work? . . . . . . 66
d. Chit Funds- Over the world . . . . . 68
e. Advantages of Chit Funds . . . . . 70
f. Case Study- Rose Valley Scam . . . . . 71
g. Difference between Mutual Funds and Chit Funds . . 72
h.
Tax Saving Mutual Fund - Invest in Franklin India Taxshield Fund and save you...franklintempletonindiaa
Franklin India Taxshield fund is a tax saving mutual fund which falls under the category of "Equity Linked Savings Scheme" (ELSS). It offers investors a tax deduction (Individuals and HUF) for an investment of upto Rs 1.5 lac which is allowed under Sec 80 C of Income tax Act 1961 (subject to a lock in period of 3 years)
Allaying all fears, the finance minister presented a brave budget. She took all Covid-19 blows on (fiscal) body and refused to yield to fiscal pressures. She prudently refused to indulge in allurements of raising resources through additional taxation. The Budget for FY22 is continuation of various measures announced during 2020 to support the economy. The recognition of the need of new economy (ecommerce workers, startups, e-learning, new education techniques etc.) and willingness to let go the control over even strategic CPSEs are signs of pragmatism. This is perhaps the only budget in independent India that does not propose to make any change in income tax rate structure.
It is now upon the administrative ministries, departments and state governments responsible for executing the proposals. Like Rishabh Pant, who went to Australia with a poor record of recent execution, the performance of these executing organs of the government in recent past has not been encouraging. It is to be hoped that the execution will improve materially in next 15 months and Indian economy shall emerge winner.
This document provides information about savings, investment, and taxation. It defines savings as income not spent on consumption. Factors affecting savings like income level and interest rates are discussed. Investment is defined as acquiring an asset to generate income or appreciation over time. Objectives of investment like maximizing returns and minimizing risk are outlined. Different types of investments like fixed deposits, stocks, mutual funds, bonds, and real estate are explained. Taxation is defined as compulsory levies imposed by governments to generate revenue. Objectives of taxation like raising revenue and promoting economic development are highlighted. Different tax classifications like direct and indirect taxes are summarized along with tax rates in India. Principles of a sound taxation system like transparency, simplicity, and stability
This document discusses dividend policy and theories related to dividends. It begins by explaining the concept of ploughing back profits or retaining earnings for reinvestment purposes. It then discusses different forms of dividends and factors that affect dividend policy decisions. Several theories of dividends are presented, including the irrelevance approach of Miller and Modigliani, the residual theory, Walter's model, and Gordon's model. The document provides illustrations and discusses management views on maintaining consistent dividends.
SBI Magnum Balanced Fund: An Open-ended Balanced Scheme - Dec 16SBI Mutual Fund
SBI Magnum Balanced Fund invests in a mix of equity and debt investments. It provides a good investment opportunity to investors who do not wish to be completely exposed to equity markets, but are looking for relatively higher returns than those provided by debt funds. The scheme invests in a diversified portfolio of equities of high growth companies and balances the risk through investing the rest in a relatively safe portfolio of debt.To know more about this mutual fund check SBI Mutual Fund page
https://www.sbimf.com/Products/HybridSchemes/Magnum_Balanced_Fund.aspx
This document provides an overview of Real Estate Investment Trusts (REITs) in India. It discusses the background and evolution of REITs in India, highlighting key milestones such as the SEBI notification of REIT regulations in 2014. It describes the basic structure of REITs, including roles of the trustee, sponsor, manager and other parties. The document also outlines some of the main provisions of the SEBI REIT regulations, including requirements around sponsor contributions, investment conditions, income and dividend policies. Additionally, it summarizes the taxation implications for REITs and unit holders. Finally, the document discusses various valuation methodologies that can be used to value REITs.
The document provides an overview of investment fundamentals. It defines investment as committing funds in the expectation of a positive rate of return. The investment decision process typically involves 5 steps: 1) defining objectives, 2) analyzing securities, 3) constructing a portfolio, 4) evaluating performance, and 5) reviewing the portfolio. Investment alternatives discussed include negotiable securities like stocks and bonds, non-negotiable securities like bank deposits, tax-sheltered savings schemes, life insurance, mutual funds, real estate, commodities, and precious metals. The concepts of risk and return are also introduced, including different types of risk and how returns are calculated.
Mutual funds provide investors with a convenient way to achieve diversification and access the expertise of professional fund managers. The document discusses the life stages of an individual investor and how mutual funds can help meet different financial goals at each stage. It then provides an overview of different types of mutual funds based on structure, investment objectives, and other special features. Key points include how open-ended funds allow entry and exit at any time, while close-ended funds have a defined investment period. The summary also notes that equity, debt, balanced, and other specialized funds have different risk-return profiles suited to various investment horizons and goals.
Presentation prepared by BBA sem2 student on Investment Demand Curve with help from Macroeconomics book by Mr. H.L. Ahuja. Hope this helps you in understanding the concept.
How to Make a Field Mandatory in Odoo 17Celine George
In Odoo, making a field required can be done through both Python code and XML views. When you set the required attribute to True in Python code, it makes the field required across all views where it's used. Conversely, when you set the required attribute in XML views, it makes the field required only in the context of that particular view.
Walmart Business+ and Spark Good for Nonprofits.pdfTechSoup
"Learn about all the ways Walmart supports nonprofit organizations.
You will hear from Liz Willett, the Head of Nonprofits, and hear about what Walmart is doing to help nonprofits, including Walmart Business and Spark Good. Walmart Business+ is a new offer for nonprofits that offers discounts and also streamlines nonprofits order and expense tracking, saving time and money.
The webinar may also give some examples on how nonprofits can best leverage Walmart Business+.
The event will cover the following::
Walmart Business + (https://business.walmart.com/plus) is a new shopping experience for nonprofits, schools, and local business customers that connects an exclusive online shopping experience to stores. Benefits include free delivery and shipping, a 'Spend Analytics” feature, special discounts, deals and tax-exempt shopping.
Special TechSoup offer for a free 180 days membership, and up to $150 in discounts on eligible orders.
Spark Good (walmart.com/sparkgood) is a charitable platform that enables nonprofits to receive donations directly from customers and associates.
Answers about how you can do more with Walmart!"
This presentation was provided by Racquel Jemison, Ph.D., Christina MacLaughlin, Ph.D., and Paulomi Majumder. Ph.D., all of the American Chemical Society, for the second session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session Two: 'Expanding Pathways to Publishing Careers,' was held June 13, 2024.
Leveraging Generative AI to Drive Nonprofit InnovationTechSoup
In this webinar, participants learned how to utilize Generative AI to streamline operations and elevate member engagement. Amazon Web Service experts provided a customer specific use cases and dived into low/no-code tools that are quick and easy to deploy through Amazon Web Service (AWS.)
Chapter wise All Notes of First year Basic Civil Engineering.pptxDenish Jangid
Chapter wise All Notes of First year Basic Civil Engineering
Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
4. BCP, Surveying volume 1
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumMJDuyan
(𝐓𝐋𝐄 𝟏𝟎𝟎) (𝐋𝐞𝐬𝐬𝐨𝐧 𝟏)-𝐏𝐫𝐞𝐥𝐢𝐦𝐬
𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞 𝐄𝐏𝐏 𝐂𝐮𝐫𝐫𝐢𝐜𝐮𝐥𝐮𝐦 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐚𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
B. Ed Syllabus for babasaheb ambedkar education university.pdf
Internship at slibm company. Gtu board t
1. “BENEFITS OF CAPITAL GAIN
EXEMPTIONS AND TAX SAVING
INVESTMENTS TO SAVE TAXES”
Koshti Dipak Pravinkumar
227780595019
MBA (95)
(Financial Management)
Som-Lalit Institute of Business
Management (SLIBM)
Submitted To:
Prof. Reshmi Banerjee
Summer Internship Project Report
on
2. AGENDA
• Introduction
• Provisions for Capital Gains
• Calculation of Capital Gains
• Capital Gains Exemptions
• Tax Saving Investments
• Literature Review
• Research Methodology and
Objectives
• Data Analysis
• Findings
• Conclusion
• References
2
3. INTRODUCTION
• Capital gain is basically an appreciated value of a particular capital asset at the time of sale of such
capital asset.
• It takes place when a person sells an asset that they owned for more capital appreciation than they
paid for it.
• Moreover, capital gain tax means the tax imposed or applied on increased value of such capital asset.
• It comes into existence when an asset transferred between the owners.
• Any kind of asset that an individual possesses or holds is referred to as a capital asset. Some of them
might include stocks, bonds, real estate, buildings, homes, machinery, jewelry, leasehold rights, and
vehicles.
• When an individual sells his asset that they own, then capital appreciation results from deducting the
asset's face value or initial purchase price from the sale price. The differential amount is liable to tax
based on individual’s net income.
3
4. PROVISIONS FOR CAPITAL GAINS
Cost of acquisition refers to an amount at which
a capital is purchased or bought from the seller
who is selling a particular asset.
Cost of Acquisition
Cost of improvement is capital expenditure incurred by an
assessee in making any additions/improvement to the capital
asset.
Cost of Improvement
4
Full value of consideration means the price at which a capital asset is been
sold to another party or buyer.
Full Value of
Consideration
5. CALCULATION OF CAPITAL GAINS
Short Term Capital Gains Long Term Capital Gains
Full value of consideration
Less: Expenses incurred exclusively for such
transfer or sale
Less: Cost of improvement
Less: Cost of acquisition
Full value of consideration
Less: Indexed Cost of Acquisition
Less: Indexed Cost of Improvement
Less: Expenses incurred exclusively for such transfer
or sale
Less: Expenses that can deducted from Sales
Proceeds
5
6. CAPITAL GAINS EXEMPTIONS
• Any long term capital gain, arising to an individual or HUF, from the transfer of building or land
appurtenant thereto and being a residential house property, (income from which is chargeable
under the head of ‘Income from House Property’) shall be exempt to the extent such capital gain
is invested in the purchase of one residential house property in India, within one year beforehand
or 2 years afterwards the date of transfer, and/or in the construction of a residential house
property, within 3 years after the date of such transfer provided the house property, purchased or
constructed, is not transferred within a period of 3 years from the date of its acquisition.
• If the new asset is transferred within a period of 3 years from the date of its acquisition, then for
the purpose of computing the capital gain on this transfer, the cost of acquisition of this house
property shall be reduced by the amount of capital gain exempt under this section earlier.
Section 54 - Profit on transfer of house property used for residence:
6
7. CAPITAL GAINS EXEMPTIONS (CONT’D)
• Any long-term capital gain, arising to an individual or HUF, from the transfer of any capital
asset, other than residential house property, shall be exempt in full, if the entire net sales
consideration is invested in purchase of one residential house in India within one year before or 2
years after the date of transfer of such an asset or in the construction of one residential house in
India within 3 years after the date of such transfer. Where part of the net sales consideration is
invested, it will be exempt proportionately.
• The proportionate exemption shall be that amount of capital gains which bears the same
proportion which the amount invested in the new house bears to the net consideration price of
the asset transferred i.e.,
• Long-term Capital Gain * Amount Invested ÷ Net Sale Consideration
Section 54F - Capital gain on transfer of asset, other than a residential home:
7
8. TAX SAVING INVESTMENTS
8
Sr.
No.
Tax Saving Schemes
Rate of Interest per
annum
Threshold limit for
exemption
Section
1. Sukanya Samriddhi Yojana (SSY) 7.6% 100000 80C
2. Post Office Saving Scheme 4.0% 10000 80TTA
3. 5 Year Post Office Recurring Deposit
Account
5.8% 150000 80C
4. Senior Citizen Savings Scheme (SCSS) 8.0% 50000 80C
5. Public Provident Fund (PPF) 7.1% 150000 80C
6. National Pension Scheme (NPS) 9.0% 50000 80CCD (1B)
9. LITERATURE REVIEW
• (K. Venkata Rami Reddy and Prof. A. Sreeram, July – December 2020) in their research work on “A review and
future directions of open-ended tax saving mutual fund schemes in India” mentioned that in the financial literature
review, investments in the Mutual Fund have increased, as investors see it as a vital strategy for short- and long term
investments. The present study aims to conduct a widespread evaluation and fusion of the academic literature review on
Mutual Fund investments. The authors are systematically reviewed, identify, and analyze 11 pertinent articles from 11
journals. The analysis delivers essential data on pragmatic studies, sample selection, study period, and data tools &
techniques. Finally, we provide discussions and suggestions, followed by the study's limitations for further research.
• In his study "Investor's attitude towards post office saving schemes in Cumbum town, "Gayathri (2014) found that
the respondents were satisfied with the post office schemes, but he also recommended that awareness and the rate of
interest be raised and that the most recent technology be used to speed up transactions. The attitudes of post office
deposit systems were unaffected by ICS. Investors' Attitude towards saving at the Post Office, by Kumar & Kannaiah
(2014), demonstrates that age, education, and income have no bearing on how investors feel about saving in the post
office. The study discovered that post office plans were chosen to meet the needs of the spouse and children. The study
also showed that the lack of stability in income earning has an impact on investors' decisions to make investments.
9
10. RESEARCH OBJECTIVES:
1. To be aware of capital gain exemptions and tax saving investments in order to save taxes as much as
possible.
2. To get to know how, when and where these benefits are taken into account.
3. To plan your own investments in the beginning of each and every financial year.
4. To make significant investment related decisions.
RESEARCH METHODOLOGY:
10
I have used secondary data for this study as the study is descriptive. The reason that I chose secondary
data over primary data, is to get to know the process of filling of income tax return and get to know how
capital gain exemptions and tax saving investments help individuals to save their taxes. So that I can
utilize my learning to file income tax returns of my family members by myself.
For my research of subject, I have gone through various books, websites and blogs on income tax laws
to get better understanding of such sections applicable on such scenarios.
11. SCENARIO – 1: CAPITAL GAIN EXEMPTIONS
11
Mr. Felix Gallardo is currently working at S & P Global and his sources of income are mentioned below.
Particulars Amount (In Rs.)
Salary 650000
Savings Bank Interest 5000
Fixed Deposit Interest 55000
Dividend Income 10000
Public Provident Fund 20000
School Fees 30000
Equity Linked Saving Schemes 60000
LIC 25000
Health Insurance 15000
Medical Expenditure 4000
Residential property sold at 16/12/2022 6500000
Such property acquired at 01/04/2004 300000
New residential property purchased on 05/04/2023 8000000
12. POSSIBILTY – 1: IF BENEFITS OF SUCH EXEMPTIONS ARE TAKEN INTO THE CONSIDERATION
12
Computation of Income of Mr. Felix Gallardo for the FY 2022-23
Particulars Amount (In Rs.)
Long term capital gain:
Acquisition of a property on 01/04/2004 300000
Residential property sold on 16/12/2022 6500000
Total capital gain 6200000
New Residential property purchased on 05/04/2023 8000000
Tax on LTCG as per Section 54D 0
Net Income 516000
Tax Rate 5%
Amount liable for tax 25800
13. POSSIBILTY – 2: IF BENEFITS OF SUCH EXEMPTIONS ARE NOT TAKEN INTO THE
CONSIDERATION
13
Computation of Income of Mr. Felix Gallardo for the FY 2022-23
Particulars Amount (In Rs.)
Long term capital gain:
Acquisition of a property on 01/04/2004 300000
Residential property sold on 16/12/2022 6500000
Total capital gain 6200000
Net Income 6716000
Tax Rate 15%
Amount liable for tax 1007400
14. SCENARIO – 2: TAX SAVING INVESTMENTS
14
Mr. Yash Panchal is currently working at Tally Solutions Pvt. Ltd. And his sources of generating such income in the FY
2022-23 are mentioned below.
Particulars Amount (In Rs.)
Salary 550000
Short Term Capital Gain 25000
Savings Bank Interest 7000
Fixed Deposit Interest 25000
Dividend Income 1000
Public Provident Fund 15000
5 Years Time Deposit 10000
Interest on Post Office Recurring Deposit 5000
LIC 25000
Health Insurance 10000
Medical Expenditure 5000
Senior Citizen Savings Scheme 100000
Sukanya Samriddhi Yojana 5000
15. COMPUTATION OF INCOME OF MR. YASH PANCHAL FOR THE FY 2022-23
15
Particulars Amount (In Rs.)
Salary after deducting standard deduction and adding STCG 525000
Other Income:
Savings Bank Interest
Fixed Deposit Interest
Dividend Income
Interest on Post Office Recurring Deposit
38000
7000
25000
1000
5000
Aggregate Income 563000
Less: Deductions:
Section 80C:
LIC
Public Provident Fund
Senior Citizen Savings Scheme
Sukanya Samriddhi Yojana
160000
145000
25000
15000
100000
5000
Section 80D:
Health Insurance
Medical Expenditure
15000
10000
5000
Net Income on which there is no liability to pay any tax 403000
16. FINDINGS
• Through my research work, I have gone through various books, websites, blogs and newsletters in order to get better
understanding of the procedure of filling an individual income tax return. I chose this topic because I worked as an intern
at J. J. Sheth & Co. which is a chartered accountant firm where I learned how to file income tax returns of clients who
dealt with transactions related to capital gains and tax saving investments as well. By reading such books related to the
laws of direct taxes, I have developed better understanding of how, when and where to take benefit of such exemptions
or deductions in order to save taxes. By following the given advice by my mentor, I learnt to implement those things into
real life and got better results.
• During the tenure of my summer internship program, I got a chance to file an income tax return of a client who sold his
property in Jaipur, Rajasthan and worried about paying higher taxes because he didn’t invest such amount of capital gain
neither into another property nor into the Capital Gains Account Scheme. My mentor asked me to file his return as he
knew that I have practiced this a few times before. While I was filling his income tax return, I got confused about which
section to apply in his case. So, to find the solution, I referred to the book published by the Income Tax Department and
the IT Department official website. By doing this, not only I realized my mistake but also I found a way to reduce the
taxes as the client made other significant tax saving investments during the financial year. So, I took benefit of Section
54F for capital gains and for tax saving investments, I claimed exemptions under Section 80C, 80D, 80TTA and 80CCD
to help him to pay the minimum tax possible.
16
17. CONCLUSION
All in all, with the help of my learnings at a chartered
accountant firm, I got to know that how, when, where
and in what scenarios to claim benefit of such
exemptions in order to save taxes. As I have developed
a depth knowledge of such sections related to capital
gain taxation as well as tax saving investments. By
taking the benefit of right section at the right time will
save you a lot of taxes. And from the beginning of
next financial year, I will be able to better plan my
significant investments which automatically help me
to save a lot of amount of taxes.
17
18. REFERENCES
• Direct Taxes Ready Reckoner with Tax Planning (24th
Edition) (AY 2023-24 and 2024-25) by Dr. Girish
Ahuja and Dr. Ravi Gupta
• Direct Taxes Ready Reckoner with Alternative Tax
Regime, Break-even Tables and Faceless Tax Regime
(46th Edition) (AY 2022-23 and 2023-24) by Dr.
Vinod K. Singhania
• https://cleartax.in/s/capital-gains-income
• https://groww.in/p/capital-gains
• https://www.investopedia.com/terms/c/capitalgain.asp
#:~:text=Investopedia%20%2F%20 Mira%20Norian-
,What%20Is%20a%20Capital%20Gain%3F,own%20i
s%20a%20capital%20asset.
• https://incometaxindia.gov.in/Documents/Left%20Me
nu/COMPANY-Income-fromcapital-gains.ht
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