The Smart Way to Gift Mutual Fund Units Gifting mutual fund units is a modern and effective way to transfer wealth and help secure a loved one’s financial future. While it may seem complicated, understanding the process, costs, and tax rules makes it a straightforward financial strategy. Step 1: Ensure Your Units Are in Demat … Read more
A secondary demat account can significantly help cut stock taxes by allowing investors to separate their long-term investments from their short-term trades. This helps manage the First In, First Out (FIFO) rule, the standard method for calculating capital gains in India. How a Secondary Demat Account Helps with Taxes 💸 Previously, all shares were held … Read more
Demat Account Holders: Your Guide to a Smooth Income Tax Filing As the tax season approaches, Demat account holders must be particularly diligent when filing their Income Tax Returns (ITR). While a Demat account itself is not taxed, the income you generate from it is. To ensure a smooth and compliant filing process, keep these … Read more
The Hidden Tax Trap That’s Killing Your Compounding Gains Did you know a single rule in your Demat account could be quietly draining your portfolio’s power and costing you thousands in taxes? It’s called FIFO (First In, First Out), and it’s a rule that most retail investors overlook at their peril. Here’s the trap: When … Read more
