Enrol to transfer Capital Losses

How to set up a capital loss on mutual funds, stock, property, gold, bonds?

Investments are exposed to risks. All investments have a certain risk. Shares, bonds, funds, real estate, gold, precious metals, etc. may lose value, sometimes even their value.

What are Capital Assets?

Capital assets normally declare any personal or personal purpose for investment purposes. It includes various types of property, movable or unmarried, concrete or unreliable, or cut or circulating.

The Audit is divided into financial assets and non-financial assets Financial assets are ineffective in representing the value of the physical property. Remittances (Money), the Extra Funds are examples of Financial Assets.

Non-financial assets are assets of physical value, such as real estate, gold jewellery, tools, machines etc,

What are Capital Gains & Capital Losses?

Useful or useful (if any) to make your own capital when you buy or sell it is called Capital Gains.
Also, any loss (if any) that you make on your investment property when you buy or sell may be referred to financial loss/Capital Losses.

Short-Term Capital Gain/Loss – (STCG / STCL)

If financial assets such as Stocks & Equity share investments in less than 12 months then the investments will make a short capital investment capital (or short).

If non-financial assets and some financial assets such as Budget Grants, Gold ETFs, etc., are held for less than 36 months, and the investments will be made by the Short-Term Short-Term Fund (or Short) Short-Term Investment.

Long-term Capital Gain/Loss – (LTCG / LTCL)

If the financial assets are held for more than 12 months, then the property is treated as a Second Income Income. The investment will make additional capital investments in Capital Capital Gain (or) Long-Term Money Problems.

If the non-financial assets are more than 36 months then the investments will make Capital Capital Gain (or) Capital Loss Capital (or) more.

With effective funding from FY 2017-18 / BAS 2018-19, the Long-Term Capital Property Expenses has been reduced to 2 years from 3 years.

Capital asset

How to set off Capital Losses?

As a taxpayer, you can earn income, assets (income), business or skills, capital profits, other sources of income (such as FD / RD interest).
We can not develop capital losses against low-income heads;

  • Income from wage
  • Income From Businesses or Skills.
  • Domestic property income (rental income and capital gains on real estate sales).
  • Other sources of income.

For example: If you have a loss of capital investments, you may not be able to put any capital loss on your income.

The capital problem can be just as capital gains.

For example: If you have a loss in the stock of investments, you may have the loss of these assets for sale of property (if any).

“Long-term Income Problems can only be settled with the exception of the Investment Guarantee of Future.”

“Short payrolls are allowed to counteract both short-term earnings and short-term earnings.”

How is Market Markets & Integrated Equity Markets?
Below is an overview of the Corporate Accounting Principles on Sales Stocks, the Accident Investor Relations Principles, Debt & Bonds;

Long Term Capital Losses
How to reduce the loss of capital for non-property investments and non-financial assets?

Below you will find detailed information on the loss of capital in relation to the sale of property, the interest rate for interest (non-property), gold jewellery, ETFs Gold (Money Making Products).

Short term Capital Loss

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Post Office Small Saving Schemes

Latest savings schemes of the post office

National savings plans (NSS) is one of the most popular savings schemes in India. These are regulated by the Ministry of Finance. They offer the total security of the investment combined with attractive returns.

Some of the very popular schemes that fall under NSS are the following:

  • PPF (Public Welfare Fund)
  • Scheme of Sukanya Samriddhi
  • Monthly Income Plan (Monthly Income Account)
  • Savings scheme for senior citizens
  • KVP (Kisan Vikas Patra)
  • NSC (National Savings Certificate)
  • Temporary deposits &
  • Recurring deposits.

Small savings schemes Interest rates and new standards April 2016

Let’s look at what are the changes that have been implemented with respect to the interest rates of the small savings schemes:

  • Under the current rules, the interest rates on these small savings plans are linked to the performance of government bonds of comparable maturity (with a small profit margin) and are reviewed once a year. The brand here refers to ‘Spread’.
  • The government has decided to review the Interest Rates of the Small Savings Schemes quarterly Basis.

Small Saving Schemes

  • Savings schemes such as Sukanya Samriddhi, Savings Plan for Senior Citizens and Monthly Income Plan enjoy ‘spreads’ on the comparable G-sec rate of maturity, namely 75 basis points (0.75%), 100 bps (1 %) and 25 bps respectively. These margins/margins have not been touched by the Government.
  • Also, it includes 25 points for long-term facilities, such as the five-year deposit, the five-year National Certificate of Nuclear (NSC) and the Public Employment Fund (PPF).

Post Office Dakh Ghar Small Saving Schemes

Last savings plans of the post office Interest rates FY 2018-19 (July to September 2018)

Interest rates apply in several small portions of rubies for July to September 2018 as 1,07.2018 would be the following:

  • The new interest rate in Sukanya Samriddhi Scheme (SSA) is 8.1%.
  • The new interest rate in PPF (Public Pension Fund) would be 7.6%.
  • The interest rate of the Saving Scheme for the Elderly (SCSS) has remained the same at 8.3%.
  • The new interest rate on Kisan Vikas Patra (KVP) would be 7.3%.
  • The interest rate of the National Certificate of Savings (NSC) to 5 years is 7.6%.
  • The new interest rate in the MIS post office (Monthly Income Plan) is 7.3%.
  • The interest rate in a postal office of 5 years RD (Recurring Deposit) would be 6.9%.

Post Office small saving schemes

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Income tax on Bitcoin

Income tax on Bitcoin & its legality in India

What is bitcoin?

Bitcoin is one of the oldest forms of encryption, which forms part of the peer-to-peer payment system worldwide. Cryptocurrency is digital money. It is considered to be more secure than real money. Cryptocurrency uses something called encryption to get transactions. Encryption, in simple words, is a way to convert understandable data into complex symbols that are difficult to break. Cryptocurrencies are classified as a subset of digital currencies, currencies, and virtual currencies.

Income tax on Bitcoin

Bitcoin was the first coin quantity created in 2009. Thereafter, there has been a rapid increase in the number of cryptocurrencies cases that have created some of them Litecoin, Ethereum, Zcash, Dash, Ripple etc. Bitcoins, in India, are slowly gaining popularity, in view of the government’s efforts to move towards a non-monetary economy. However, one should know that fortification, as of today, is not centrally managed or regulated by any specific body such as the RBI who manages the physical currency in India.

Related Article: Bitcoin transaction Warnings!

Where does bitcoin come from or how is it generated?

Mining

Mining is an activity in which an individual (called a “mining worker”) uses his or her own computer prowess to overcome difficult mathematical puzzles. The cracking process of these puzzles is an integral part of blockchain technology, helping to preserve it. As a reward, the miner gets new bitcoins which are just a bitcoin or mining creation.

Purchase them from the exchange of Betquin against the real currency

Everyone can not be a bitcoin miner. Hence, you can consider buying bitcoins from bitcoin exchanges and store them in your online wallet in digital format. Unicoin, Brit xoxo, Zebpay, Coinbase etc. are some of the bitcoin exchanges currently in India. These bitcoins will be purchased in mind for the real currency. It will be interesting to note that the value of 1 Bitcoin currently stands at about 642,592 Indian Rupees.

Receipt of vouchers against the sale of goods and services

Although this may not be a common phenomenon in India at present, there are few smart businessmen who accept BitCoin (instead of the real currency) to sell goods or services, they deal with them.

3. Is Bitcoin legal in India?

As discussed earlier, the Bitcoin, as a payment intermediary, has not been authorized or regulated by any central authority in India. In addition, no specific rules, regulations or guidelines have been established to resolve disputes that may arise during dealing with the composition. Thus, the Bitcoin transactions come with their own risk set. However, given this background, one can not conclude that the formulations are illegal, so far, there has been no ban on decomposition in India.

4. How is a tax on Bitcoin in India?

The concept of bitcoins is entirely new to the Indian market, apparently, the government has yet to bring taxes from the bitcoins in the platform books. At the same time, a tax on decomposition cannot be ruled out because India’s income tax laws always seek to impose a tax on the income received irrespective of the form in which it is received. Therefore, the possibility of taxing the bitcoins can be considered under the following conditions:

Scenario A: Bitcoin Mining

Bitcoins created by mining are self-capital assets. The subsequent sale of such a house would, in the normal context, lead to capital gains. However, one may notice that the cost of getting a homeowner cannot be determined because it is a subjective asset. Moreover, they do not fall within the provisions of article 55 of the Income Tax Act of 1961, which specifically specifies the cost of acquiring certain self-created assets. Therefore, the mechanism of calculation of capital gains fail in the wake of the decision of the Supreme Court in the case of B.C.Srinivasa Shetty. Consequently, capital gains tax will not arise on Bitcoin Mining.

This position will continue until the Government contemplates an amendment to article 55 of the Act. At this juncture, as India’s tax laws are silent on the full taxability of taxation, we have found it right to comment on a possible reverse view by the IRS. There is a possibility that management may not consider bitcoins as capital assets at all. Thus, the provisions of capital gains will not be applied at all. Accordingly, income tax authorities may choose to tax the value of the formations received from mining under the heading “income from other sources”.

Scenario B: Betcinins held as an investment being converted against a real currency

If capitalization, which is capital assets, is held as an investment and is converted against a real currency, the higher value will result in long-term capital gains or short-term capital gains depending on the period of the CITC contract. Moreover, long-term gains will be taxed at a fixed rate of 20% while short-term gains will be taxed on the individual tile price. The acquisition cost will be determined to reach long-term capital gains after giving the indexing feature. A simple example below is to understand this:

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