If you are a taxpayer and are investing in gold, then it is very important to know the tax rules related to it. While purchasing gold, 3% GST and 5% GST are to be paid on the making charge of jewelery. That means a total of ₹ 3,500 GST will have to be given on jewelery of ₹ 1 lakh. At the same time, when you sell gold, you have to pay a capital gains tax on the profits made on it. If you sold gold within 24 months, it will be considered as a short-term capital gains (STCG) and will be taxed according to your income tax slab. After selling after 24 months, it becomes long-term capital gains (LTCG), which levies 12.5% ​​tax with indexation. If you are a retail investor, then tax can also be saved from long term investment and returns will also be good.

Agriculture income in India is tax free, but this does not mean that farmers do not have to file ITR (Income Tax Return). If you are a farmer and have entered business like dairy, food processing, cold storage or investing your income in the stock market, then it becomes mandatory to file ITR. Filling ITR not only keeps your financial condition transparent, but it can prove to be helpful in getting many government schemes, subsidy, insurance policy and bank loans for you. If you want to take a loan for a tractor, hydroponic farming or any other agricultural technique, the bank can ask for proof of income from you – ITR becomes your strongest document. In addition, ITR is a strong evidence in an insurance claim, legal dispute, or any tax related investigation. Therefore, even though your income is agricultural based, if you are planning financial facilities, commercial expansion or investment in future, it can be very beneficial for you to file ITR.

If you have also bought a house on the loan, then the interest rates of your Home Loan have also decreased after the RBI recently cut the repo rate. The direct advantage of this is that your EMI and Total Loan Payable Amount will decrease. For example, if you have taken a loan of 50 lakhs for 20 years at an interest rate of 8.3%, then your EMI is about ₹ 42,760, but if the interest rate is 7.3%, the EMI will be ₹ 39,730, which will save you ₹ 3,000 per month. Now if you invest this savings amount in SIP, then in 20 years your investment can make a corpus of about 35 lakhs. This means, out of the total loan payable of 95 lakhs, 35 lakhs will be benefited only by SIP investment. Overall, you will have to pay only 60 lakhs at a loan of 50 lakhs. In this video, we will understand this calculation in detail and tell how you can take advantage of millions from this strategy.

Big announcement of IRDAI! Now only 1 year after 1 year, the special surrender value (SSV) of LIC and other Endowment policies. What is special? The new rule implemented from 1 October 2024, now the policy can be surrendered even after only 1 year, the first was 2 years! SSV will be calculated based on 10‑year G‑Sec + 50 BPS. Watch this video and learn how you can benefit the most from your policy. If you like the video, then please do, subscribe & share!