For 12.5% tax on property sales, should we use purchase price or value on 1st April 2001?

  Does the Financial Bill clearly mention that for capital gains taxation at the new 12.5% rate, the cost of acquisition for the property wi...

Soul is an ignorant belief

Scientists have developed Xenobots, tiny biological entities created from frog cells using AI and biotechnology, which can execute tasks lik...

Capital Gains Taxation Rules Ready Reckoner - Freefincal

A downloadable (PDF) comprehensive capital gains taxation rules ready-reckoner for Freefincal readers based on the amendments to the Finance...

Will the huge AUM of PPFAS Flexicap pose a risk of future underperformance?

  A friend asked in AIFW  : Will the huge AUM of PPFAS Flexi Cap pose a risk of future underperformance. Let's discuss:  Will not low AU...

The underestimated risk of encumbrance in real estate investing (which equity doesn’t have) - FreeFincal

  This is my article about the risks of real estate investing. It discusses the legal complexities and uncertainties associated with buying ...

Taxation of capital gains from Equity Oriented Fund of Funds (FoF) : FreeFincal

Taxation of capital gains from Equity Oriented Fund of Funds (FoF) - an interesting point in taxation law. Read the article here.

Hind Swaraj or Indian Home Rule - by M.K.Gandhi

  “Hind Swaraj or Indian Home Rule” penned by Mahatma Gandhi, is a seminal work that encapsulates his vision for an independent India govern...

Pakistan or Partition of India - by Dr.B.R.Ambedkar

  In “Pakistan or the Partition of India,” B.R. Ambedkar presents a critical and analytical approach to the political and social circumstanc...

How to calculate LTCG with Grandfathering for equity shares that split - FreeFincal

I have seen many tax practitioners interpreting in such a way that the FMV is calculated by multiplying the highest price per share on 31-01...

Man at Bombay needs to go to Bombay

 Man is at Bombay. But misunderstood that he is at Delhi. He wants to go to Bombay. He needs to fully understand that he is already at Bomba...

Conscioussness and Awareness

1. Tom, absent in the class - denotes the relative absence of Tom and the absolute presence too. 2. Tom, even if absent, has the absolute po...

How much capital gains tax should I pay if I have no other income source? - FreeFincal

How much capital gains tax should I pay if I have no other income source? A reader also asked if this rule applies to the new tax regime. Re...

Traditional Spirituality vs. Direct Truth

  Traditional Spirituality vs. [Direct Truth] 1 Organized system of beliefs originated from culture. Structured doctrines vastly shaped by g...

Should Professionals or Business Owners File Form-10IEA for continuing in Old Tax Regime? - FreeFincal

Should Professionals or Business Owners File Form-10IEA for continuing in Old Tax Regime for AY 2024-2025 (FY 2023-2024)?  Whether people wh...

The child of a barren woman

  In the absence of the substratum of consciousness, there is no manifestation, and therefore, no separate pseudo-entities to ask any questi...

GOD

  • Did God come and tell you that the world is His creation and concern and not yours? • To help you, God must know your existence. But you...

Let us come back to your problems of re-birth.

  • What is 'born', the objective body, will, in due course, 'die'; thereafter it will be dissolved i.e. irrevocably annihil...

The entity which is supposed to be re-born does not exist

  - The entity that you believe to have been born and will die is a concept. - The entity that you believe to exist and roam about after dea...

You may know all the right words, quote the scriptures

  You may know all the right words, quote the scriptures, be brilliant in your discussions and yet remain a bag of bones. Or you may be inco...

A journey into the unknown

  Once you realize that the person is merely a shadow of the reality, but not reality itself, you cease to fret or worry. You agree to be gu...

The plurality that we perceive is only an appearance

  The plurality that we perceive is only an appearance; it is not real. Vedantic philosophy has sought to clarify it by a number of analogie...