Get clarity on key income tax rules for Indian residents. Learn if Futures & Options (F&O) losses can be set…
Have questions about income tax? We break down key tax rules on topics like gifting money to a spouse, TDS…
This guide addresses common income tax queries, including the responsibilities of a legal representative for filing the last tax return…
Q. I am an NRI. If I gift Rs 20 lakh to my major daughter in India and if she…
If the company has not paid TDS and filed the quarterly TDS returns, the income tax department can issue you…
For unlisted shares, if capital gain is long term, it is calculated by deducting indexed cost of acquisition from sales…
Salary received from all the employers during the financial year will have to be clubbed to arrive at your total…
I sold a residential property in 2011 and invested part of the long term gain in an under-construction residential property.…
It is mandatory for employers to disclose the income of employees in their TDS returns.
The amalgamation of schemes is not regarded as transfer as per Section 47(xix) of the I-T Act
Income from shifting from one scheme to another scheme of mutual funds is considered transfer and is subject to long…
As per Section 145, the taxpayer has the option to declare income either on accrual basis or cash basis at…
As per some recent rulings, the interest earned subsequent to retirement is liable for tax in your hands at applicable…
If the agricultural land under question falls within the definition of rural agricultural land, i.e., falls within the specified limits…
If capital gains reinvested in new flat, you can claim tax deducted on sale of old flat.
I have been investing in mutual funds since 2005 and have a fund value of Rs 20 lakh. If I…
For purchase of property for above Rs 30 lakh, no ITR filing is required,
As per Finance Act 2018, exemption for LTCG on equity-oriented mutual funds (including ELSS) has been withdrawn, therefore no exemption…
