In the Union Budget 2024-25, the government increased the capital gains tax on both short- and long-term gains. Here’s what experts say.

Maintain records of home construction/ improvement bills as proof to claim appropriate deduction or reduce the burden of capital gain tax.

Senior citizens must consider the pros and cons before venturing into digital gold, such as volatility, transaction costs, convertibility into physical gold, taxation, etc. Learn more 

The last day of the financial year is considered a deadline to fulfil financial obligations, such as tax-saving investments, furnishing updated returns, etc. Failing to do so may result in a penalty. 

If you plan to gift your inherited gold jewellery or sell it for some cash flow in your retirement years, then here are the taxation aspect and the capital gains tax provisions you need to be aware of

Downsizing your home can be a smart financial move for senior citizens looking to boost their retirement savings. However, navigating the tax implications can be challenging. Here are some tax recommendations for elderly people.

Having a regular source of income in your retirement years is vital. Senior citizens’ savings scheme, post office monthly income scheme, and mutual fund systematic withdrawal plans are three such options that can fetch you regular income in your retired life. Here are the details