Recently SEBI has announced that legal guardians or parents are authorized to regulate the minor’s MF folio through their bank account. In May 12, a circular released by SEBI made it official that now, Parents or any other legal guardian can make payments through their bank account to their minor’s MF folio. The change has …
Any profit or gain which arises from the sale of a ‘capital asset’ comes under the head ‘income.’ Therefore, you will need to pay tax for that amount in the same year in which capital transfer has taken place. This is called capital gains tax. There are 2 types of capital gains tax: Short-term capital …
Debt is another important component of the portfolio of the individual. It is that part of the total investment amount that will yield steady returns and provide an element of stability to the portfolio. Even though this might not derive the entire returns of the portfolio or seem to be no match against the returns …
