Day: January 3, 2023

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CAPITAL GAIN 54 EC BONDS OFFER 10.56% EFFECTIVE RETURN TAKING INTO CONSIDERATION THE INCOME TAX SAVINGS. INFORMATIVE ANALYSIS. 📈

CAPITAL GAIN 54 EC BONDS OFFER 10.56% EFFECTIVE RETURN TAKING INTO CONSIDERATION THE INCOME TAX SAVINGS. INFORMATIVE ANALYSIS.  📈

 

When there is an income of long term Capital gains, investors always are in a dilemma whether to invest in Capital Gain Bonds under section 54EC or to pay tax and invest elsewhere. Following is an informative analysis in this regard.

 

▶️ Any individual is liable to pay tax on *capital gains arising from sale of any assets* as per the Income Tax Law.

 

▶️ Any capital gains arising on sale of any immovable property held for *more than two years* would qualify as *long term capital gains*.

 

▶️ Under *section 54EC* of the Income Tax Act, the gains if invested in notified bonds *within a period of 6 months* of sale would qualify for *exemption from capital gains tax. *

 

▶️ The exemption on such notified bonds of the *National Highways Authority of India (NHAI)* and *Rural Electrification Corporation (REC)* is available up to *INR 50 lakhs. *

 

▶️ The bonds pay an *interest of 5%p.a.* which is taxable are for a term of *five years. *

 

▶️ Any individual investing in such bonds *effectively earns 10.56%p.a. CAGR* (Compounded Annual Growth Rate) across a *tenure of 5 years* considering the capital gain tax saving and interest from such investment. The working for the same is shared below.

 

▶️ *Hence, an investor should compare the return from other investment avenues with the above rate while analyzing to choose the investment option.*

 

*Ashutosh Financial Services Pvt. Ltd.

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Disclaimer: We do not intend to provide any investment advice in any manner through the above message. It is only a knowledge-sharing exercise in good faith.

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TRANSFER OF FUNDS FROM NRO A/C TO NRE A/C & REPATRIATION OF FUNDS OUT OF INDIA

Transfer of funds from NRO A/c to NRE A/c & Repatriation of funds out of India There are several questions in the minds of NRIs concerning transfer of funds outside India. ➡️ Can we transfer funds which are standing as a credit in my NRO A/c into either NRE A/c or outside of India❓ ➡️ What are the benefits of transferring funds from NRO A/C to NRE A/c or out of India❓ ➡️ Is there any limit for transfer directly outside India or from NRO to NRE bank account by on NRI❓ The video provides a detailed understanding on the subject by Mr. Daxesh Kothari (Tax & Financial Consultant and MD & CEO of Ashutosh Financial Services Pvt. Ltd.) 👉 Please find the below link for the above topic. For further details, feel free to contact us. NRI Services Ashutosh Financial Services Pvt. Ltd. www.ashutoshfinserv.com Mobile: +91 72288 48181 / 70435 93388 Email: nris1@ashutoshfinserv.com Follow us using Ashutosh_Finserv at Facebook, Instagram, Youtube, Twitter & LinkedIn to receive all the latest information from finance world.
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INSURE YOURSELF WITH LIFE INSURANCE TERM PLAN BEFORE PREMIUM RATES INCREASE 📈

INSURE YOURSELF WITH LIFE INSURANCE TERM PLAN BEFORE PREMIUM RATES INCREASE 📈 Life insurance Term Plan is an insurance where you receive life insurance cover at a reasonable premium amount. It is a pure form of life insurance. Reasons for the term insurance policy likely to get costlier soon: ◾ As uncertainties continue to rise in the wake of the new Omicron variant, having a life cover is becoming more important than ever. Term plan is a necessity and should always be a part of overall financial planning” ◾ Reinsurers have revised their premiums upward. This is the premium which life insurers have to pay for re-insuring their risk. ◾ The number of death claims settled recently by the Insurance companies are much higher in compare to previous years, the burden of which will be passed to the customer by the insurance companies. ◾ Today Term Plan is not only a tool for tax savings, but also for financial security of the family in absence of breadwinner of the family. Hence, even a young and healthy earning individual should buy Term Plan immediately before Term Plan premiums are increased. ◾ We offer insurance plans of many companies and suggest best plan suitable for you after comparing the plans of all these companies as per your requirement. Contact us to get the best insurance plan for you. Ashutosh Insurance Brokers LLP •Insurance for your Life, Health, Assets & Liabilities •Retirement Planning •Investment through Life Insurance A Service of ASHUTOSH FINANCIAL SERVICES PVT. LTD. •Investments •Insurance •Income Tax & Estate Planning •NRI Services Mob. No.: +91 7043893388 / +91 6358755770 Email: rm.insurance@ashutoshfinserv.com www.ashutoshfinserv.com Follow us using Ashutoshfinserv at Facebook , Instagram , Youtube , Twitter & Linkedin. Insurance is a subject matter of solicitation. Please forward this message to your friends, relatives and contacts who could be interested