Long-term gains are taxable at a flat rate of 10%, while short-term gains are added to the income and taxed as per applicable rates.

Most complaints (almost 20%) that the National Consumer Helpline gets are related to the banking and financial services sector—loans, fixed deposits or credit cards. One of the main reasons for this is that people fail to do their homework before making a financial commitment.

Say income tax and you’ll see people shudder. That’s thanks to the incredibly complex and cumbersome tax system that exists in the country.

The Right to Information Act empowers every citizen to get justice if it is being denied. Though you may not get an answer to the RTI application, the grievance is usually addressed.

MONEY TODAY presents the first ever charter of your financial rights. Know what they are and how to get redressal for your investor grievances.

The I-T Act does not provide for deduction on gifts made to relatives. Therefore, the amount will be taxable.

Clearly, the investment distribution has changed, and for better. But is this shuffle driven by market conditions or investor attitudes or both?

The  interest on loan raised to build a house qualifies for deduction under Section 24 of the Income Tax Act, 1961, for a maximum of Rs 1.5 lakh.

Long-term capital gains from shares and equity funds (where over 60% of the corpus is invested in equities) are tax free. But the gains from the sale of other assets are taxable.

ICICI Securities is bullish on the telecom sector but has differing views on three major players.

Armchair banking goes a level higher with the increasing acceptance of the Electronic Clearance System in India.

The way the income is treated depends on whether the mutual funds have been retained for over a year or not.

The process of filing returns is painful. But online options promise to change things.

If small is beautiful, taxpayers can say goodbye to Saral forms. The new income tax return forms are substantially lengthier than various Saral variants used till now.

The Saral was an omnibus form to be used by all taxpayers with all types of taxable income.  The single-page form is the outgoing Saral and the multi-page variants are the new income tax return (ITR) forms.

An employer is required by the law to deduct tax on the payment he makes to compensate a previous employer for not serving the notice period.

Job hops often lead to confusion over filing of tax returns. Surya Bhatia of Asset Managers helps clear the air

It is central to our magazine’s mandate to educate our readers on values of long-term knowledge-based investing.

'MONEY TODAY has added great value to our investment plans.'

It is said that Ravana performed miraculous feats of parallel processing by virtue of his 10 heads. One recitedshlokas, another conducted matters of state, a third carried on a flirtation and a fourth sang hymns.