Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: cpt :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: VAT RATES :: empanelment :: articles on VAT and GST in India :: due date for vat payment :: VAT Audit :: form 3cd :: TDS
 
 
« News Headlines »
 Income-tax (21st Amendment) Rules, 2017
 Deadline for filing income tax return nears; here are 10 common mistakes that you must avoid
 All you need to know about form 26AS
 How to file income tax return?
 7 changes that affect income tax return filing this year
 How To File Income Tax Return (ITR) Online For FY2016-17? Last Date July 31
 Last date for filing income tax return approaches: What is Form 26AS? How it can help you claim refunds
 Income Tax department to launch mobile app to make life easy for taxpayers
 6 things to remember while filing your income tax return
 Want to save on tax? Here are deductions you can use while filing ITR
 July 31 Is Last Date For Filing Tax Return. Why Form 26AS Has To Be Checked

Plans on proposed tax code
July, 06th 2010

Should I discontinue my Systematic Investment Plan (SIP) in the tax saving scheme? Should I start investing in the New Pension Scheme (NPS)? I was told that one doesnt have to pay capital gains on equity mutual fund schemes but now, it seems, these will be taxed. These are some of the queries investment advisors are flooded with these days after the proposed changes in the DTC were announced last week.

Some advisors blessed with the gift of predicting the future, it seems are offering their clients instant solutions based on what they think would be the final version of DTC. Genuine advisors those who are not ashamed to admit to their clients that they dont know the answers to these queries are telling them to wait for the final bill before taking any decision.

Yes, I am getting a lot of calls about the new proposals. I tell my clients to relax. These kind of changes can take a lot of time.

Even after the final version is unveiled, it could be very different from the current proposals, says Kartik Jhaveri, director, Transcend Consulting, a wealth management firm. Even if the changes in the DTC happen soon, we will still get enough time to take remedial actions so that one wont lose out on the tax front on investment. I tell my clients that we will wait to see the final version before taking any decision.

A wealth advisor, who doesnt want to be named, said The problem with some clients is that they dont read the fine print. They believe that these proposals have already been implemented. Therefore, they want to stop their SIPs in all equity mutual fund schemes immediately so that they dont have to pay any capital gains. I have a tough time convincing them to continue with their investment plan and wait for the final version of DTC.

We are telling our clients, sitting on huge capital gains, that we would book profits in this financial year so that they dont have to pay capital gains tax, says D Sundararajan, consultant, Trendy Investments . But this is only for people who have made a lot of capital gains, not for those who are sitting on losses, he clarifies . Jhaveri also says this is one method he is suggesting to some of his clients. I have some clients who have been holding on to some stocks for more than 10 years. They can book capital gains and re-enter the market at a later date to avoid paying capital gains.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Customer relationship management software CRM software Operational CRM Collaborative CRM

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions