Leave encashment received on retirement is not taxable if it is a central/ state government or local authority employee.
Understand the tax implications of selling joint property when ownership shares aren’t defined, and explore the concessional 10% tax rate…
Learn how to calculate and divide capital gains tax for jointly owned property and what to do if you missed…
Get expert insights on India’s tax laws for 2025-26. Learn about tax-exempt property gifts to children, the tax implications of…
File revised return by Dec 31 for mismatch in ITR and AIS.
Under the new tax regime (Section 115BAC), individuals can still claim the 30% standard deduction on the net annual value…
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…
