How can an NRI carry forward capital losses?
I am a non-resident Indian (NRI) residing in Abu Dhabi for many…
From Trusts to Gifts: How can grandparents effectively leave assets to grandchildren?
In India, where family ties are deeply rooted, it's common for grandparents…
Sovereign Gold Bonds: Understanding income tax exemption on early redemption of SGBs
I had invested in Sovereign Gold Bond (SGB). I opted for early…
Navigating TDS claims: Options after late ITR submission
My HUF had filed its income tax return (ITR) for the A.Y.…
Income tax audit report deadline for FY24 extended to THIS date amid e-filing portal issues
Tax audit extension: The Central Board of Direct Taxes (CBDT) has extended…
Can I revise my income tax return to claim certain DTAA benefits?
I filed my income tax return (ITR) as a non-resident Indian (NRI)…
Are all gifts taxable in India? Discover the rules that apply
Receiving a gift, whether it’s cash, property, or a sentimental item, is…
Income tax: Scores of taxpayers get I-T notices under section 148; can be challenged, says ICAI ex-chief Ved Jain
Some income taxpayers have reportedly received notices under section 148, which is…
Tax exemption for trusts: Spending in India or benefit in India?
A recent decision by the Mumbai bench of the Income Tax Appellate…
Influencers rush to seek help on taxes to financial planning
Independent content creators who have seen a spike in their earnings are…
Personal Loan: Want to renovate your house? You may want to opt for THIS loan to save money
It is understandable that procuring a personal loan is the last resort for…
Income Tax: Is your refund being held up over defective I-T return? This is what you should do
The deadline to file an income tax return (ITR) passed on July…
CBDT issues Central Action Plan for FY25, sets Income-Tax department roadmap — tax demands, cash transactions, arrears
The Central Board of Direct Taxes (CBDT) has released its Central Action…
Hindu Undivided Family: How do I accumulate capital in my HUF?
I want to make a HUF. Getting a PAN card is not…
Budget 2024: How will the increased NPS tax deduction impact your retirement savings?
Budget 2024 has introduced significant changes to the National Pension System (NPS),…
How a 10% surcharge can swallow up to 70% of your income above ₹50 lakh
The concept of a surcharge is simple – it’s an extra tax…
ITR filing: When will you get income tax refund? Key questions answered
The last date to file an income tax return (ITR) ended on…
Income Tax: As the ITR filing deadline for FY24 ends tonight, be aware of these key points
Since the deadline to file income tax return (ITR) did not get…
ITR Filing: Want to switch back to the old tax regime? Here’s how to do it
There is some leeway in selecting a tax regime thanks to the…
Confused whether capital gains tax on your asset sale will be short term or long term? Here is a complete guide
If you have recently sold an asset and are unsure whether the…
