Lakshya Wealth

05/05/2022

https://lakshyawealthservices.blogspot.com/2022/05/its-time-for-tax-returns-how-to-file.html

With the end of Financial year 2021-22, the statutory duty of every responsible citizen came to be fulfilled. Yes, it is nothing but the T...

19/03/2022

According to commodities data and analytics firm Kpler, India's import of crude oil from Russia in March this year so far is nearly four times higher when compared with the corresponding period of last year.

25/01/2022

Our next video on self assessment tax and advance tax is coming this week.
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18/01/2022

To start and sip or to know more about investment strategies for 2022 write us at [email protected] or watsapp: 7303676906
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MISSION STATEMENT: To Bridge the gap Between Financial Goals & Means to achieve the same. VISION STATEMENT: To Become the […]

19/12/2021

https://youtu.be/Au5EK5ohiFA

This video is the further part of investment goals . In this video different asset classes such as Real estate , commodities, Fixed Income and Equity has bee...

30/07/2021

https://lakshyawealthservices.blogspot.com/2021/07/equity-capital-gains-can-be-saved-by.html

Capital Gains have always been an essential topic for discussion while calculating the tax liability for an individual/non-individual. we...

30/07/2021

Capital Gains have always been an essential topic for discussion while calculating the tax liability for an individual/non-individual. we are well aware that short term capital gains which arises when a security is sold within a year and are taxed @15% flat .

whereas Long term capital gains are those when exercised,creates a liability @10% of the gains above one lakh in context of equity. But, what if i say, we can reduce the long term capital gains liability just by doing simple calculative churning.

let us understand with an example:

Suppose we have invested Rs. 10 lakh in the year 2018 whose value became 11 lakhs in the year 2019 and 11.5 lakhs in the year 2020. If we redeem the amount in 2020 , capital gains would be 1.5 lakhs for which we have to pay flat 10% tax.

in the other scenario, if we redeem it in 2019 when it was 11lakh then we will be within exemption limit of 1 lakh so no tax. Again invest the amount in the year 2019 in same fund and again redeem at a maturity value of 11.5 lakhs. Here, the capital gains is only 50000 as the investment amount was 11 lakhs so, no tax here as well.

30/07/2021

http://lakshyawealth.com/equity-capital-gains-can-be-saved-by-simply-churning-your-portfolio/