Tax Implications by Owning Residential Property by an NRI in India
NRI’s would remit funds for various reasons such as maintaining their family, or repaying the loans, etc. As time passed by, real estate has become... Read More
Short Term Capital Gains
Higher Tax deduction rate for Short term capital gains
The section 111A of the income tax act 1961, lays down the provision for Tax Deduction Rate for short term capital gains. Definition of short... Read More
Setting Off of Losses in Case of Mutual Funds
Funds apart from equity-oriented funds, short-term gains are gains made on assets which assessee holds for less than 3 years and are taxable as per... Read More
Refundable Deposits are Business Income but Share Capital is Capital Receipt
Recently, Supreme Court of India has held the point that refundable deposits should be assessed as business income but share capital should be as capital... Read More
What is Income Tax Liability on Income from trading in Future and Options 
The Importance of Filing Your Income Tax Return on Time: A Financial Must-Do 
Is Addition made by Assessing officer on basis of mismatch between AIR and F26AS Justified 
Salient Changes in the new Income Tax Rules relevant to Assessment Year 2024-25