Income Tax

Let’s Decode The Tax Mysteries of Bullion Gifts. Minimize Capital Gain Tax on Bullion Gold sold. Many times our parents or relatives gift us Bullion(Gold Bars). This is a very common practice I have seen where most think that since Gift from relative is exempt from tax then the final sale will also not attract […]

It was the day of your marriage when you were greeted by many of your friends and relatives and they offered cash gifts in the form of their blessings and a beautiful start to your new beginning. You were delighted to receive so many gifts but many questions arose in your mind like whether to

Nowadays, when it comes to trading on the stock exchange, futures and options (F&O) take the lead as the most popular types of asset derivatives. In fact, it’s become pretty normal to engage in share trading and F&O trading. In the past decade, Futures & Options trading in India has experienced an astounding surge, with

The present contribution of women to the GDP is 18%. With ever-increasing income levels of women across all sectors be it women entrepreneurs, sports, professional consultants, in employment, or due to investment incomes of housewives and by offering equal opportunities to women, India could add US$770 billion by 2025. Until FY 2012-13, women enjoyed preferential

5 Easy Steps to Complete Your ITR E Filing FY2021-22 just got over in March 2022, Income Tax Return filing forms for AY2022-23 are already available on the Income Tax portal, and TDS returns are filed by all the deductor of TDS from Salaries, Interest Incomes, Dividend, and Professional Fees, and Form 16 is issued

Any person including Individual Salaried Employees with estimated tax liability of more than Rs.10,000/- on total income, must pay advance tax before 31.03.2024 to save Interest except Resident Senior Citizen, not having any business or profession. Did you know? IF, You are an Individual/HUF/Firm/AOP/BOI/Company/LLP or any other person, And have earned Income from one or

What is Income Tax us 44AD ? There is a Special Tax Provision for Businesses, u/s sec 44AD of Income Tax Act used by the Majority of Businesses, In Respect of Profits and Gains of Businesses, Other than in the Business of plying, hiring, leasing of goods carriages, Commission and brokerage or Agency business, In

Income Tax is a Tax on Income earned during the previous year by every person, computed as per rates prescribed under the Finance Act of the Income Tax Act, 1961, in India. Income Tax is a part of your earned income, paid to the Government, to run the Economy. The government collects around 20lac crores

There is a Special Tax Provision for Professionals, u/s Section 44ADA for AY 2023-24 used by Majority of Professionals, In case of individual or a partnership firm other than a limited liability partnership, In Respect of Profits and Gains of Specified Professionals,   For Total Gross Receipts from Professional Income Earned up to 50lacs In

Did You Know? Many NRI Owners and Tenants Like You are Now Complying with TDS On Rent to NRI In India Which is a One Time Set Up Procedure, Beneficial, Convenient, Ensures Full Tax Compliance for Both of You. So, Here are some of the Benefits for the Tenants and the NRI Owners. Tenant is