How safe are mutual funds? What returns can you expect? Can anyone invest?
✅ Srikanth Matrubai breaks it all down in simple Kannada — for both new and experienced investors.
👉 https://www.youtube.com/watch?v=urOsRpJv_Z4
Clear, practical answers to your most common mutual fund questions.
#MutualFunds #SrikanthMatrubai #KannadaFinance #InvestorAwareness
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🏠 Question:
“I’m selling my old 3-BHK flat, but the sale is delayed. The new flat is ready, so I plan to take a home loan now. Can I use the capital gains from selling the old flat later to repay the loan and still claim tax exemption under Section 54?”
✅ Answer:
Yes, you can claim the tax exemption even if you buy the new flat with a loan first and use the capital gains later to repay it.
Section 54 requires:
The new property must be residential
Purchase must happen within 1 year before or 2 years after selling the old flat
Capital gains must be invested in the new property within this timeline
The law doesn’t say you must directly use the capital gains to buy the property.
Courts have ruled that repaying the loan with capital gains still qualifies for exemption.
Some tax officers may question this, but if all timelines and documents are in order, the exemption should be allowed.
Keep all sale, purchase, and loan documents handy and consult a tax expert to avoid issues
#SrikanthOnRadioCity
*Have you invested in crypto currency and not declared it?*
Beware... the Taxman (Taxwoman?) cometh... (FE)
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https://x.com/IncomeTaxIndia/status/1927323353251012645?t=xKTsu5H2eHAEKBg-Dro34w&s=08
INCOME TAX filing date extended
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The War has started
What should you do with your investments?
Read this to get an insight
https://srikavimoney.blogspot.com/2025/05/marets-missiles-fear-triggers-dip.html
US to levy 5% tax on immigrant remittances:
1. Its official title is – The One Big Beautiful Bill – but it contains a sting for the lakhs of Indians in the US, be they non-immigrant visa holders (like H-1B) or green card holders. Once this bill is enacted, anyone who is not a US citizen and who remits money outside the US will have to pay a remittance tax of 5%.
2. Simply put, if you’re an NRI sending ₹1 lakh to India, ₹5,000 would go to the IRS before reaching your family. This tax specifically targets non-citizens, while American citizens remain exempt from this provision.
3. The broader bill aims to make the 2017 Tax Cuts and Jobs Act permanent while increasing the standard deduction and extending the child tax credit to $2,500 through 2028.
4. The House of Representatives aims to pass this bill by Memorial Day (May 26, 2025). If approved, it moves to the Senate, intending to reach President Trump’s desk by July 4th, 2025. This accelerated timeline means any major remittance decisions should ideally be made before July, when the bill could potentially become law.
5. The proposed 5% remittance tax represents a significant shift in the financial landscape for NRIs living in the United States. If this bill becomes law, NRIs will need to incorporate this additional cost into their financial planning.
”Have the markets gone up too fast”
“Should I stop my SIP and book profits?”
Find your answers at
matrubai.srikanth/f14c2935ad38" rel="nofollow">https://medium.com/@matrubai.srikanth/f14c2935ad38
https://srikavimoney.blogspot.com/2025/04/dont-uproot-your-mango-tree-just.html
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News, tips, guide on INSURANCE from Experts across India
Filing IT Returns?
Check whether you have done any mistakes.......AVOID THEM
Tax Benefits on Personal Loans: 💰📊
Home Renovation/Construction: 🏠
If you take a personal loan for home improvement or construction, you can claim a deduction on the interest paid, up to ₹2 lakh per year for self-occupied properties under Section 24(b) of the Income Tax Act. This can significantly reduce your taxable income!
Business Investment: 💼
Personal loans used for business-related expenses allow you to deduct the interest paid under Section 37(1). This means you can lower your taxable income by claiming the interest as an expense, helping your business save on taxes.
Education Expenses: 🎓
If you use a personal loan to fund higher education, the interest paid can be claimed as a deduction under Section 80E. This benefit is for loans taken for your education or that of your spouse, children, or for a student for whom you are a legal guardian.
Important Note:
The principal amount of personal loans is not taxable. However, ensure you meet the eligibility criteria for deductions by using the loan for the specified purposes.
NRE. NRO. FCNR.
Three accounts. One smart choice.
If you're an NRI wondering which one suits you best — here's a practical guide:
🔹 NRE Account
For foreign income → INR in India
* Fully repatriable
* Tax-free interest in India
* Ideal for investing or spending in INR
Use if: You earn abroad and want to invest in India without tax or repatriation issues.
🔹 NRO Account
For income from India (rent, dividends, etc.)
* INR account
* Repatriation limited (up to \$1M/year)
* Interest is taxable
Use if: You have income sources in India that need to stay compliant.
🔹 FCNR Account
For foreign income → stays in foreign currency
* Fully repatriable
* Tax-free interest
* No INR exposure or exchange risk
Use if: You want to avoid INR volatility and keep your capital in USD/GBP/EUR etc.
🧠 The best choice depends on your income type, currency preference, and goals.
https://youtu.be/i2WZO70AVVc?si=Egjta24Vf4fL3aej
The popular NATIONAL TV talks with Srikanth Matrubai of SRIKAVI WEALTH (Bangalore) on EQUITY INVESTMENT.
What is share market? How to start investing? Where to Invest? How to plan for retirement via Equity Investment.
In Simple language which even a layman investor can understand.
(The video is in Kannada language)
https://srikavimoney.blogspot.com/2025/06/from-trophy-less-to-champions.html
Wealthy Lessons from the RCB winning the IPL 2025
In 1983, India introduced a favourable tax system for NRIs to attract their money. It continues to this day.
The Section 115 regime. Under it, NRIs can invest overseas earnings into Indian stocks. When they book profits & reinvest in other stocks in 6 months, no LTCG to pay!
Of course, residents and NRIs have something similar for reinvestment of capital gains in houses (Section 54F) but not stocks. Every time you churn your stock portfolio, you pay tax.
Of course mutual funds by nature have this advantage if you never churn them. When a mutual fund buys and sells stocks inside the fund, you do not pay tax. So a 'never churn' fund like an index fund or maybe multi-asset, well may be just as good.
YOU MAY HAVE TO FILE INCOME TAX RETURNS EVEN IF YOU HAVE INCOME LESS THAN TAXABLE INCOME WHEN....
According to income tax laws, income tax return filing is mandatory in certain cases even if the gross taxable income is below the basic exemption limit. These are:
a) If the electricity bill paid in a financial year is more than Rs 1 lakh in a financial year
b) Expenditure of foreign travel of Rs 2 lakh or more in a financial year on him/herself or any other person
c) If there is income from foreign assets
d) If the TDS or TCS is Rs 25,000 or more in a financial year; for senior citizens, the limit is Rs 50,000 or more
e) Taxpayer having professional income of Rs 10 lakh or more
f) Depositing Rs 50 lakh or more in savings accounts or Rs 1 crore or more in current accounts.
_US lowers remittance tax to 3.5%, easing NRIs and H-1B workers burden, *how it will impact India_*
https://www.hindustantimes.com/world-news/us-news/big-beautiful-rollback-us-lowers-remittance-tax-to-3-5-easing-nris-and-h-1b-workers-burden-how-it-will-impact-india-101748082578682.html
*Companies prefer to give out more reimbursements and higher incentives, than a fixed salary - understandably so.*
But this can hurt your ability to get higher loans, or even premium credit cards. (Mint)
*Trump now proposes a 5% tax on foreign remittances by non-US citizens,* including Green Card holders and H-1B, L-1 and F-1 visa holders!
TNIE)
*Should couples take a joint home loan?*
There seem to be benefits.
Please speak to your tax consultant before deciding. (Mint)
