Calculate Mutual fund tax easily | Income tax returns filing in tamil | ITR 2023 2024 | capital gain
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- Опубліковано 27 сер 2024
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Nivas narasimhan is an AMFI REGISTERED MUTUAL FUND DISTRIBUTOR since 2016.
He started his career a project trainee in ICICI PRUDENTIAL MUTUAL FUND in 2003.
Then worked for STANDARD CHARTERED BANK, ICICI PRUDENTIAL LIFE INSURANCE,
KOTAK LIFE , EXIDE LIFE & HDFC LIFE as a Branch manager.
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Super அண்ணா. என்னவொரு தெளிவான விளக்கம். Keep it up . கூடவே itr 2 form இல் STCG and LTCG போன்றவற்றை எப்படி enter செய்வது என்ற வீடியோவும் போட்டிருந்தால் மிகவும் நன்றாக இருந்திருக்கும். ஆடிட்டர் கிட்ட போக வேண்டிய நேரமும் செலவும் மிச்சம்.
Crystal clear Explanation. Super sir. Please consider to upload the video for Form26AS download practical video
👌👌 Good sir
Very good explanation sir. I have this doubt for very long.
wish i watched this video before i invested in FDs and Bonds , thank you
Now also you can switch to equity
Make one simple step by step vedio for filling tax for 2023 to 2024 swp investment in ITR 2 form. That should be helpful for many senior citizens who are having swp investment can file tax on their own. Your explanation is very clear and can easily understandable to many of them. So I am asking this.
No need to calculate Swp separately. You can get capital gain statement from Mutual fund companies. You can see the gains and upload based on that.
Crystal clear explanation..kudos
Very Clear and Useful Information Sir.My All Doubts are Cleared
Thank you for the appreciation
Thanks sir, useful video, got more clarity
Most welcome. Thank you for the appreciation
Thanks 👍 educational video
Most welcome
Good useful informations sir
Thank you
very useful thanks sir
Nice. Thank you.
Thanks a lot Sir excepted one
Most welcome
Very informative and useful..
Thank you
@@nivasexcitesI have doubts in investment of ells how can I contact you?
Good information Sir, many people are talking about investing, but no one is talking about tax liabilities while redemption. If one has capital loss can it be filed in ITR-2 and recovered against gains in subsequent years? ITR-2 can be self assesed online without Auditor?
Ltcg is 10% above 1Lakh profit.
I am planning to invest 20000/- in SIP for 1 year exactly. In this case what would be my tax when I redeem after 1year
What is the Difference between IDCW and SWP Withdrawl in Taxation Angle.
IDCW Or SWP - which is Advisable.
@@perichiyappanperichiappan8124 hope you watched the video fully. Swp is better
Super
Thank you
Sir. In mutual fund Dividend comes on growth fund. It will be reinvested itself. Will we pay tax for this ?
After watched this vdo. I Became ur subscriber. All points as u said, very useful.
When you receive dividend from a stock, you have to pay tax. But Mutual funds are registered as Trust. No tax for dividends from stocks. Only when you receive IDCW in mutual fund, there is TDS.
I am willing to mutual fund Discrubutor.. It's value or not
Hello sir. Thanks for the clear explanation. I just started investing in MF from last year. I did not do any withdrawal yet. Do i need to declare my investments in ITR ? Or i have to declare only when I withdraw the money from MF ?
@@harrykrish3095 only when you withdraw there will profit or loss. Now no need to show
Thanks a lot sir for your excellent presentation. Details in AIS on sale value and cost of acquisition are found to be extracted from CAMS. Is that enough for the calculation of CG or is still downloading of CG statement from CAMS necessary?
Ais is enough. But some auditors still want CG statement
@@nivasexcites Thanks sir for your kind and instant reply.
I am Salaried Employee, So far I have done ITR1 Filing. For past 4 years I have invested in MF ( Equity ,Debt etc) funds and I sold it Novmeber 23 for financial purpose. I know I need to pay Long Term Captial Gains. Under which ITR section I need to file. Is it ITR1 or ITR2 ? Thanks in Advance
Super sir
Thank you
My annual income below 5lakh im not itr filing any pblm with long term capital gains in mutual funds
If you are filing, you need not pay now.
Sir ,Please clarify , many thanks.
I have 1000 units @ 148.75 NAV Equity small cap fund , purchased 1 year ago , now current NAV is Rs.255 , If I sell all 1000 units, how I much I have to pay Income tax ? Is my calculation is correct ?
Profit = (1000*255) -(1000*148.75) =Rs.106250 , Income tax is Rs.625
Correct
Sir Mutual fund Dividend Reinvestment option shows the reinvested amount as Dividend income and tax is deducted. Please inform about this
Yes. Avoid idcw option. Switch to Growth option
Last time my auditor insist me to pay tax for entire returns.. not a profit,
Then pls change the auditor.
Small doubt sir, namma IT file pannum pothu mutual fund profits ku tax kattanum .appuram final ah withdraw pannum pothu 10 percent tax kattanum ..ipdi 2 times tax kattuna enna benefit varum sir..
Only while withdrawal tax will come. No need to pay while filing ITR.
Thank you sir..Now cleared
I have one doubt I'm going to start sip from next month.a
2000 going to invest and for 10 years.
Investment we can get any tax benefits? Every year we need to pay tax(5 year once)
Please make video for how to 0lan tax for 18 lacks income?
Hi sir one dowet maybe income tax file no so mf equty profit vantha tax pay pananuma
If we Invest 10L and we get 18L after 3years, is we need to pay tax?
If you withdraw fully, for 8Lakhs profit, 70000 tax
Money withdrawal pana thane bro intha tax pay pananum
Yes. Only after withdrawal
Hi sir நான் கூட்டுறவு சங்கத்தில் பணியில் சேர உள்ளேன். அங்கு நம்பிக்கை ஈட்டுறுதி பத்திரம் insurance வாங்க வேண்டும் என்று சொல்கிறார்கள் அதை எந்த insurance company ல் வாங்க வேண்டும்.
While filling ITR, will capital gain tax automatically populated or we have to calculate and enter the capital gain tax?. Also if we are entering the capital gain tax, any discrepancy is there in capital gain tax that we entered, what action they will take?
Automatically it will reflect in AIS report
Any chances to gift MF units to relatives??
How about taxation against switching MF schemes ?
@@user-gu9bp2cz2r gifting not allowed.
@@nivasexcites oh, thanx, how about taxation against switching*, any idea??
*as there's no transaction to bank..
Switching is also considered as redemption only
@@nivasexcitesthanx again.. one last question, in case of private trust has long term capital gain(1.25L exemption) then how about taxation?.. either only 12.5% or flat 30% + 12.5% of LTCP??.. any idea..
Stcg neraya vati withdraw panren vaichukonga ethanavati withdraw panreno athana vati um na 15% tax poduvana ila on the whole oru vati than 15% poduvnagala
It will be calculated for a every financial year April to march
@@nivasexcites athu ok ela oru oru profit kum ha or evalo vari withdraw paninalum anth 1yr kula oru vati than 15% poduvangala??
What about tax on F&O income ?
F&O income is taxed Based on your income tax slab. If your income is below 5L, 0%. If your income is between 5L to 10L, 20%. If your income is above 10L, 30%.
If my equity mutual fund withdrawal is below 1 lac after 3 yrs..so no tax.
..but do i need to still show in ITR..
Even if profit is lessthan 1Lakh, no Tax
@@nivasexcitesI got that. But do I need to show in ITR.. even if profit is less than 1 lakh
Hello sir,just want to check with you when we are investigating in to mutual funds in upstoxes, groww application etc. Is it safe or do we have to approach their website to invest mf. Plz guide me
One more question in all tax saving mutual funds we have pros and cons in that higher alpha term is mentioned.May I know what was it.
i have filed IT every year, so as your said TAX deduction is TDS or Non refundable tax ?
No TDS in mutual funds for Resident Indians when you sell it. Only for NRI'S TDS applicable. While receiving monthly income as IDCW, there is TDS. If your income is lesthan 5Lakhs, you can get refund.
Sir it's mean above 5 Lac income for long term, deducted Tax is no refundable ha sir?
Nri account holder bro nan ,,enaku epdi bro applicable aagum tax for stocks and mutual funds???
Same Tax rules.. TDS will be deducted when you redeem. 15% for short term and 10% for long term.
@@nivasexcites thank you 👍
How and where to pay tax
While filing income tax we have to pay
IT for SWP?
During SWP IT WILL BE AS LOW AS, 1.5% PER YR. But after full redemption. 10% LTCG. UPTO 1lakh profit, Ltcg exempted
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Sold panrapa tax pidipangala or viththu nama poi it kattanuma bro pls tell me
As of now No TDS in mutual funds. We have to pay while filing IT.
Bro ELSS fund kku evolo tax?
Same rules as said in the video
@@nivasexcitesmutual fund tax apply to elss right bro?? . Not dept mutual fund taxation right??
ELSS (TAX RELIEF) mf should be shown in ITR?
To. Claim in 80c, you have to show