Introduction Generation-Skipping Trusts (GST) have become a popular estate planning tool, especially for individuals seeking to preserve wealth and pass it down to future generations with minimal tax liability. The primary objective of a GST trust is to bypass one generation and transfer wealth directly to the next (usually grandchildren), avoiding estate taxes that… Read More »
Tax planning strategies Tax planning strategies involve various techniques and approaches to legally minimize tax liabilities and optimize a taxpayer’s financial situation. Here are some common tax planning strategies: Income Deferral: Delaying the receipt of income to a later tax year, such as deferring bonuses or income from investments, can help lower your taxable income… Read More »
Heads of income Under the concept of total income, there are various heads or categories of income that are considered for the purpose of computing an individual’s or a business’s overall income. The specific heads of income may vary depending on the tax laws and regulations of a particular country. However, the common heads of… Read More »
Capital Gains and Capital Asset Capital Gains refers to the profit made by an individual or an entity when they sell a capital asset, such as property, stocks, or mutual funds, at a higher price than its purchase price. A capital asset is any asset that an individual or an entity owns for personal or… Read More »
Financial Management Financial management: It refers to the process of planning, organizing, controlling, and monitoring the financial resources of an organization to achieve its goals and objectives. It involves making decisions about how to raise and allocate funds, invest resources, and manage risks to maximize the organization’s value and financial performance. The key areas of… Read More »
Difference Between Asset and Property Assets can be define in two category tangible (such as property, equipment, or inventory) or intangible (such as patents, copyrights, or goodwill). Property, on the other hand, refers specifically to real estate, which is land and any structures. That are permanently attached to it, such as buildings, homes, and commercial… Read More »
Long-term capital gains tax India It is a tax on long-term capital gains tax India refers to the tax impose on the earnings generate from the sale of assets that are held for a long period of time. In the Indian context, long-term capital gains tax is applicable on the sale of assets such… Read More »
Capital gain tax in India Capital gains tax is a tax levied on the profit realized from the sale of an asset. In India, capital gains tax is divided into two categories – short-term capital gains and long-term capital gains. Short-term capital gain tax in India is applicable when an asset sell within 2 years… Read More »
Net Asset Value of a Hedge Fund The net asset value of a hedge fund refers to the total value of all the fund’s assets minus its liabilities. It is a key measure used to assess the performance and value of a hedge fund. NAV typically calculate on a per-share basis and represents the underlying… Read More »
Do I have to pay capital gains tax if I have no income Yes, if you have made a capital gain during the financial year, you may have to pay capital gain tax even if you have no income. However, the capital gain tax is calculated on the profit earned from the sale of assets,… Read More »