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Explained: Income tax implication of the sale of a flat within three years funded by a home loan

Tax implications for selling a flat-funded by a home loan: Principal repayment claimed under Section 80C becomes taxable, but no tax on capital gains if proceeds used to buy a new house within 3 years from mint - money https://ift.tt/CAUfwjK https://ift.tt/A85Onfe

Can a co-owner also claim house insurance?

An important insurance principle is that only those that have an insurable interest in the property can be paid an insurance claim. from mint - money https://ift.tt/DlFe2ha https://ift.tt/A85Onfe

Why materiality in listing norms requires clarity

Transparency, accountability, and fairness in decision-making are the basic tenets of good governance from mint - money https://ift.tt/WCY9Hi1 https://ift.tt/A85Onfe

Why investors should forget about delayed gratification

Distant profits are worth less and less these days from mint - money https://ift.tt/y51aA2g https://ift.tt/tcD1BOG

How you should use AIS to file tax returns

Form 26AS is an annual tax statement which primarily provides details of TDS, and tax collected at source (TCS), along with the corresponding income against which such deduction has been done. from mint - money https://ift.tt/YpyUITq https://ift.tt/tcD1BOG

How NRIs are taxed on pension they get from overseas

Pension income from a foreign country’s social security authorities is taxable as other sources of income, whereas pension from employer-funded plans outside India is taxable as salary income. Both are taxable at applicable slab rates. from mint - money https://ift.tt/E2B5yi3 https://ift.tt/tcD1BOG

How long does it take for doctors to recover the cost of medical studies?

Their earnings depend on factors such as specialization during postgraduation and hospitals where they work. from mint - money https://ift.tt/D3EUwcA https://ift.tt/tcD1BOG