De-jargoned | Capital Gain Account SchemeBySaurabh Kumar
If one is unable to buy the benefit Before due date of filing of Income Tax Returns for that yearonehas to open a Capital Gains scheme account with any scheduled bankin order to convince the government that he intends to invest the so earned capital gain in some array but needs some more...
If you do not buy/construct a new house within the specified time period (3 years) the money not used (invested in the capital gains account scheme), will be taxed as an LTCG in the financial year which is 3 years after the sale of the plot of land.What if you sell your new house...
Use Capital Gain Accounts Scheme for unused moneyRaghunath Rao
Bed and spouse– This is the ever-romantic finance industry’s term for keeping an asset in the family. You sell the asset and encourage your spouse or civil partner to purchase it in their own account. Your gain is defused and your significant other starts afresh with the same asset. Thi...
Government bailouts have the same sort of effect at/near point of failure, whether they take the form of guarantees that are paid out in liquidation (eg South Canterbury Finance under the deposit guarantee scheme) or a government recapitalisation of a bank as a going concern (eg, in a New...
Maximum loan quantum: The loan amount for the Enterprise Financing Scheme - Working Capital Loan (EFS-WCL) was initially set at S$300,000 per borrower. But from 1 October 2022 to onwards, it has been increased to S$500,000. In addition, an overall group limit of S$5 million applies ...
We took advantage of this analysis to gain familiarity with the cases and to gain a better understanding of the evolution of startups’ organization over time. We also used the individual case histories to conduct within-venture analysis. Our initial focus was on identifying the reasons for chan...
Investing isn’t a get-rich-quick scheme; it’s a marathon, not a sprint. Maintain a long-term perspective and resist the urge to panic during market fluctuations. Staying the course can lead to substantial rewards over time. Leverage Financial Institutions Establishing a strong relationship with...
The new investment scheme is better for sustainable development of public transport. Private investment considering passenger value should be encouraged. The proposed investment strategy increased the total social welfare of the public transport system and increased the total benefits of private sector when...