know THIS 1 Rule to SAVE Capital gain TAX | Rahul Jain
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- Опубліковано 21 тра 2023
- By simply knowing 1 rule, you can save thousands of rupees in income tax on your investment profits. Let me explain with an example.
If you invest 5 lacs in equity mutual funds and earn 15% return, it comes out to be 75,000.
You will need to pay capital gain tax on this 75,000 unless you do 2 things:
(1) Hold mutual funds for more than 12 months because when you do that, you will need to pay Long term capital gain. And long term capital gain is only 10% irrespective of your income slab.
(2) Now if you don’t even want to pay 10%, what you need to do is, redeem 5 lacs 75,000. Because up to 1 lac rs of long term capital gain is tax free. So in this example, your 75,000 profit will become tax free only if you redeem your mutual fund. After redeeming, just buy the same mutual fund again so that your money can still be compounded for long term.
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Hold for 12 moths and redeem in same year 😂😂
😂😂
😂😂😂
Bhai wo actual mein humse jyada expert hain and sahi keh raha hain..
What he said is hold for at least 12 months so that small term capital gains will not attract and when you want to redeem that amount redeem in the same year only if that value is under 100000 because long term capital gain is exempted up to 100000 only in any financial year. If you exceed that amount then exceeded amount will be attracted to capital gains of 10%.
chalo mahan logo ke sath mahan log hote hai jo janta ki taklifo ko kam kerte jate hai...the great
Isko khud samjh aaya kya isne kya bola😄😄
Not clear. Pl clarify how one can hold the entire amount for 12 months n redeem it in the same year to put it back in same fund.
Sell after 12 mths, since the profit is less than 1 lakh, it will be tax free
One word - lumpsome
Many people give this theoretical advice but when you redeem your money it takes 5-7 days to get it in your bank account and then you can invest back so overall it will be 7-9 days of duration and if market goes up during that time, then it won't make sense.
This technique is asking us to time the market which we should never do.
Perfect Nav will increase every year .which is huge loss than tax 10%.
But you can save 10% tax on profit. Market won't go up 10% in short duration
Use other funds in your account to invest in the mutual fund while waiting for the redeemed amount to be credited.
Also this technique is to be used every year so at the end of let's say a 10 year period - you will theoretically have saved tax on 10 lakh gains
@@de7al If someone is saving that amount every year lying on their savings account. More or less they are not saving anything in the long run.
Have you heard about the opportunity cost?
@@WalterWhite-og6wj Valid point, but one could get new income through salary or business profits regularly - which first come to your bank account.
Sad that we dont have the option to get paid in mutual fund units directly, yet. Lol.
Not get clear sir,
As per Rule No 1: when can I withdraw
Rule no 2 : in the same year means?
It's little confusion.. Pls explain
Example: invest 5 lakhs in MF on 1st jan 2023 and sell all funds on 2nd jan 2024 and declare your profits as long term gains in 23- 24 tax returns, you get 1 lakh exception. You dont need to pay tax. Invest same amount in MF again on 5th jan 2024, repeat the same.
Does this apply for an individual who is having an income from salary as well...?
@@sharath8322 yes, same rule for all irrespective of income source.
Same Mutual Fund means?- Is it same Financial Company or Exactly the same fund? @@ManojKumar-nk7dv
@@ManojKumar-nk7dv If we reinvest again, price would be increased. So is there any way to redeem only the profit. So thati dont need to buy the fund again with higher price
Can you explain more on this with detailed video
He is meaning LTCG is not taxable if its less than 1L.
This we will end up losing more than the tax we save because we would have to buy at high NAV of mutual fund.
Lol.... Your comment makes no sense....
Regarding point no 2, after 1 year of staying invested in the mutual fund, What if we don’t redeeem it? If it’s in growth, if we let it stay invested, is that a good option?
@Ashyashomshanti I am not an expert in mutual fund but from my experience I think if redeem you loose the chance of appreciation of NAV from where you have bought. No one can guarantee return and No one can time the market.
Yes the compounding effect we will loose..
If you sell on the day of X Nav, and invest back on same day, wouldn't you get same NAV of X day of selling units?
Most people invest in SIPs... That way you cannot follow this method.
you can do it actually, by altering between two broker apps
Make one detailed video on this.
Hi Rahul, very useful content - does this apply to NRIs?
Very useful infirmation😊
Sat Sri Akal, dear sir
What is tax liability, if in cases of mutual fund,
Only invested initial capital is withdrawn within 3-6 months (less than 1 year) of investment/starting of Investment fund!!?
(Gains/profits as kept invested/not redeemed)!?
Humble request for clarification.
Sincere Regards
Pls put an video about tax filing and save maximum tax
Plz tell me, which app should I use for Sip and stock investments
Sir. Please make a dedicated video on tax loss harvesting.
Thanks 👍 Bhai
SIP mein kaise karenge ye
Kindly make a video on health insurance
Sir aap Hindi may bataingay to Jayda asha lagega sabi ko aap ki baat Jayda samaz mai aaygi aur Jayda pasand karengey
@torahulj What if the NAV of the equity mutual fund goes up while investing back and equals the tax amount ?
Pl explain about SWP and how invest in it
What about the benefits of compounding?
Rule no.2 mein nav zada mein khareedna pada toh kya faida hai uss mf mein invest karke
Hold the mutual fund for 12 months & see it going down by 15%.
IN the same YEAR means , with in one year naa ? kindly make the video again
Would elucidate for viewers having tender foot regarding long term tax benefit.One need to invest and hold it for 1 year and then sell after 12 months so that long term tax upto 1 lac will be exempted. Subsequently he can reinvest d same amount every year and sell after 12 months and take benefit of 1 lac long term tax exemption ..
good idea
❤😂🎉New title:::Kill compounding😅😅
👍
Very nice
What about next year....tab to tax banega 😅
It is cofusing 12months 1 year.pls explain
How to maintain the finances, since redeeming and investing again will not show the actual returns on our actual investment
Lets say i have invested 100 rs, by next year, ie 12 months it gave 15% return. You mean to say withdraw returns + 100 basic investment. This way your NAV in next investment will ne higher. You are then missing out compounding returns.
But what about compounding gain if we hold long term ?
Do I need to pay income tax after Ltcg?
How about entry and exit load sir
Or rhne do Jo niv 1st ko htakr baki sb short me chalu jayegi 12month sirf 1vali ko pure hoge na 2,3,4,5,6, kyoki vo 12month pure nhi hote hai 😅😅
Harvesting
You will end up paying brokerage and in the name of saving nothing
Actually Rahul i did this but still there is a tax deduction. I am not very clear. Please if you can make an elaborate video
Where exit load goes ?
It's added to salary income or not
Namaste sir, I have gained 90 k short term capital gains in stock market in this financial year.
My question is this amount calculated in my 2.5 lacks tax exemption slab or I have to pay compalsary STCG TAX @ 15%
Stcg you have to pay
video is not clear, plz explain in detail, redeem in same year?
Will we get the funds for the same NAV? People mostly invest in mutual funds to have compounding interests, this way we will loose on that!
Nice
There is a catch in this
Let’s assume there is tax of 10% then for 1 lạnh you will be paying 10,000
And so on for 10 lakh 1 lakh on profits
But for 1 lakh profit there would be around 8-10 lakh above investment requirement, now if you withdraw you will save money on tax but end up paying on fund fees of 0.3-0.7 expense ratio, cumulative 8-10k depending on fund
So, either side you save 10k on tax or give 8-10k on fund fees it ends up being almost same
Pls clarify lot of confusion
Confused well 😂
Please give details on redeem
Only issue is my shares which are more than one year old is in loss and shares which are less than one year is in 😂profit.
If you withdraw complete money in the same year, you may need to pay short-term tax
Ok. Next year if I again invest 5L .. The total return would approximately 1.5L.. I need to pay tax for 50K right..
If I withdraw total money and again reinvest in same fund then I'll get less number of units than before ryt?
Sirji, Exit Load
Can you further explain, I have invested in multiple MFs, beyond 12 months, it has earned profit.
Whether we can invest all amount in other mutual fund portfolio? Pls comments
So the assumption is NAV doesn't change 😂
But is it possible to withdraw only mutual funds returns? If we can, then we can have the same amount and same NAV invested for long but sadly we can't withdraw mutual funds profits I suppose.
Y am not able to joine? Some payment error
👍🏻
Not clear
Confusing statement
Year ==12 months 🙂🚶
Equity mutual fund ,
A guy invest 5 lakhs in mutual funds must be earning more than 10 lakhs in most cases. If he has 80c deduction , housing loan,etc than and than he's going to have some relief but to me in most cases people pay 30% the kind shitty income tax slabs we have in our country where rich don't pay any tax and the salaried class is doing charity .
Am I confused ?
Bro
..why i have to redeem if i have to invest again 😅😅😅
Even if I don't redeem the amount still I have to pay tax
What the.... is this a puzzle
How to redeem
Mutual funds doesnt allow you redeem only profits ie. 75,000 by keeping the original investment intact. Do they??
No they don't, u ve to realise the invested amount which generated 75k in profit as well.
We have to pay either short term or long term.. short is like made to get views without any substance
Too much confusion,Create one example video with date scenario,
The downside - You will be charged an exit fee each time you do this.
Plus you will get less units at a higher NAV than before. Compounding also takes a hit...
kya bol k chala gya
It's called tax harvesting
It's confusing
Very confusing, give example
So what are u about to say....invest or not to invest ....
U said both to redeem in the same year ... not to redeem in the same year and made ppl confused....
Hi Sir, Can we switch into other fund without redeeming
No. Switch is redeem only
This short is very confusing.
Wrongly guiding. It is not advisable to redeem and purchase in d same fund, purchasing at higher NAV. Units will be less. What is his qualification to guide?
Look at his linked in
It totally confusing, hold for 12 months and then invest in same Mutual fund . What this means? Gain 15% then loss 15%
Do you think before you speak?
This is not correct, you can reedem only 1 lakh per year for tax free
Confusing Sir. If I redeem 5 lakhs plus 75000 altogether in the same year, still it is more than 1 lakh and I will have to pay tax, correct? How come you are saying that it would be tax free?
Taxes only on gain which is 75k
Kehna kya chahte ho?
If I redeem 5lakh rupees then again invest it my total unit will be lesser. If merket goes up my fund performance will not be good that time
Howw😂
Isko khud samjh aaya kya isne kya bola😄😄😄😄😄
Bawla ho gaye ke?
What are you saying 😂
If we redeem 5lakhs plus 75000 within 12 months then we need to pay 15% Tax on short term capital gain.
Since 1 lakh exemption is only for 12 months or above 1 year hold the mutual funds or stocks
Then if we redeem all units to save ltcg again we won’t get expected market correction to invest
This is not applicable for SIP.
For short term yes you can save LTCG and invest partial
Kya fook ke aye hoo please clarify
You look proxy for akshat
😂😂😂 is he fool...??