Gains from sale of inherited property taxed as capital gains
iStockPhoto I am selling my ancestral residential property, which will fetch around Rs.30 lakh. This will be equally divided among all the heirs. What will be the tax liability of…
On return to India, inform bank of changed residential status
iStockPhoto I am 60 plus, and am returning to India after staying in the Gulf for 20 years. I have non-resident external (NRE) and foreign currency non-residential (FCNR) deposits, which…
MF redemption process takes 1-3 days based on type of fund
iStockPhoto I have lost a lot of money in stock trading in the past and so I am sceptical of mutual funds (MFs). How do I invest in MFs but…
Mutual fund SIPs can be for long-term and short-term goals
iStockPhoto I am 37 and earn Rs. 12 lakh per annum. I have a pure-term insurance of Rs. 50 lakh from LIC and health insurance ofRs. 10 lakh from National…