Equity mutual funds now have short-term gains taxed at 20% and long-term gains at 12. 5%. For debt funds, staying invested for three years or longer allows you to … · enrollment with any efps authorized agent bank (efps-aab) for use of their e-payment system, in accordance with the bank’s procedures. Why do we need to use efps? · to avoid long-term capital gains (ltcg) tax on mutual funds, you can utilise a few strategic approaches. · there are certain exemptions available for long-term capital gains. Access the efps login page for secure and case-sensitive tax filing and payment online. With efps, taxpayers can avail of a paperless tax filing experience and can also pay their taxes online through the convenience of an … To do this, log-in to your efps account, click change user info. Change the challenge question and the answer to challenge question and/or click change password button to change password. Can a taxpayer enroll more than once? · filing of tax returns and tax payments has been made easier and convenient for taxpayers through the bir efps or efiling and payment system. · while the gains from mutual funds are currently taxable, there is a strategy using which you can legally reduce the capital gains tax applies to your investment returns even … The indian income tax act provides … Efps home - efiling and payment system Bir efps is a system that has … · in 2025, india’s union budget introduced tax changes affecting mutual funds. If you carry out specific investments/activities outlined in the income tax act, you can legitimately save on long … Taxpayers mandated to use efps but are not yet enrolled in efps and in any efps-aab shall use the ebirforms for e-filing and pay the corresponding taxes electronically through any epay … · effectively managing taxes on long-term capital gains is crucial for optimizing investment returns and lowering your overall tax burden. What are its objectives? The efps system also validates all the data you input before they’re transmitted to the bir, minimizing errors in your tax computation, unlike the manual filing method prone to human error.
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Equity mutual funds now have short-term gains taxed at 20% and long-term gains at 12. 5%. For debt funds, staying invested for three years or...