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The life insurance policy can be defined as a contract between an insurer and policyholder where an insurer promises to pay the nominee of the policyholder, upon the death of the policyholder or after a set period when the policy gets matured. Taking a life insurance policy can have the benefits of life-saving and it …

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Under the capital gain the period of holding is an important criteria to determine Long term capital gain and Short term capital gain. Capital gain is taxable either a short-term capital gain or a long-term capital gain. The short-term capital gain means a capital asset which is held by the taxpayer for not more than …

Continue reading “Determine the period of holding for Capital assets”