Day: September 17, 2019

  • September 17, 2019

    How to Calculate Capital Gains?

    In the 2018-19 budget, the Indian finance ministry re-introduced the LTCG or long term capital gains taxes on equity mutual fund schemes. LTCG is taxed at a flat rate of 10% for long term capital gains of over Rs 1 lakh in a particular financial year.  But calculating long term capital gains remains a challenge for most investors. This is partly because the complex calculation of capital gains depends upon the number and nature of transactions carried out by an assessee in a particular financial year. No wonder, most assessees prefer seeking the help of a professional chartered accountant for the calculation of capital gains.  But here’s a shocker: calculating capital gains isn’t as difficult as it sounds and one can easily compute capital gains by following a simple step-by-step process. So if you too have been looking for ways to calculate your capital gains to file your ITR, without having to run from pillar to post, we suggest you spare a few minutes and get acquainted with the do-it-yourself process described below.  So let’s get started!  Assessees incur capital gains whenever capital assets are transferred to them by the way of sales or otherwise. There are 2 different types of capital gains depending upon the holding period of the asset. These are short term capital gains and long term capital gains.  Income Tax Act 1961 offers a standard format to calculate STCG and LTCG.  Here’s the deal: most assessees get confused with the terms mentioned herein and hence aren’t able to calculate capital gains. Keeping this in mind, we have decoded these terms and made it easy for you to understand the same.  Sale Value:Sale value is the value that the assessee has received or is set to receive on the sale of capital assets. For immovable assets like...
  • Too many times throughout the year, we find ourselves stranded with no way to charge our mobile devices. Think of how many times you’ve been at a concert, in the airport, or stuck late at work for a business meeting only for your mobile device to lose its charge. In today’s world, we use our mobile devices for just about everything. Our smartphones handle our calendars, email access, music playlist, health trackers, and much more. So without them, our lives can be put on a complete pause. Don’t find yourself in this situation. Know what power adapters and chargers are worth buying by reading this guide below. You’ll never be without a charge again! DBPower Source The DBPower Source is an awesome tool to have on hand. Not only does it come with several smart charging ports, but it’s also powerful enough to jump-start your car. It’s powerful, yet compact making it easy to store in your glove compartment or in your purse or back pocket. It comes with 18,000mAh for a fast and full charge for all smartphones, laptops, tablets, Fitbits, and other mobile devices. The USB ports make charging for all these devices easy! Just make sure you have a cable to quickly charge your Fitbit from Mobile Mob before plugging in your Fitbit. For power and a fast full charge, the DBPower Source is what you need! Fuse Chicken Universal For those looking for an even more compact charger, take a look at the Fuse Chicken Universal Charger. It’s only 3inches x 3inches big and has both a USB-C and USB-A output. It’s powerful enough to fully charge at least one smartphone with a bit of juice leftover to spare. And if your mobile device has wireless charging capabilities, then you’ll find yourself even more interested in this gadget....