Tax on Intraday Trading in India: Gains, Losses & ITR Rules
Tax on Intraday Trading in India: Gains, Losses & ITR Rules Understanding the tax treatment of intraday trading is important for every trader involved in buying and selling shares within…
DTAA Explained: How NRIs Can Claim Tax Benefits & Avoid Double Taxation
DTAA Explained: How NRIs Can Claim Tax Benefits & Avoid Double Taxation An individual’s residential status plays a major role in deciding how their income is taxed in India. Non-Resident…
What is a Hindu Undivided Family (HUF)? Features & Tax Benefits
What is a Hindu Undivided Family (HUF)? Features & Tax Benefits HUF stands for Hindu Undivided Family. It is treated as a separate legal entity under the Income Tax Act…
Section 148A of Income Tax Act – Complete Guide to Section 148A
Section 148A of Income Tax Act – Complete Guide to Section 148A Section 148A of the Income Tax Act was introduced in Budget 2021 and brought major changes to the…
Form 35: How to File an Income Tax Appeal Online
Form 35: How to File an Income Tax Appeal Online In certain situations, taxpayers may disagree with the order passed by the Assessing Officer regarding their total income, tax liability,…
Belated, Revised, and Updated ITR: Which ITR Should You File After Missing the Deadline?
Belated, Revised, and Updated ITR: Which ITR Should You File After Missing the Deadline? Every individual whose annual income exceeds the basic exemption limit is required to file an Income…
Restricted Stock Units (RSUs): Meaning and Taxation
Restricted Stock Units (RSUs): Meaning and Taxation Understanding Restricted Stock Units (RSUs) and their taxation is important for making informed financial decisions. RSUs are a type of employee compensation where…
How to Reduce Capital Gains Tax on Land Sale in India
How to Reduce Capital Gains Tax on Land Sale in India Anyone selling land in India is required to pay tax on the profit earned from the sale of the…
Short-Term Capital Gains Tax on Property – Rates, Calculation and Exemptions
Short-Term Capital Gains Tax on Property – Rates, Calculation and Exemptions Capital gain refers to the profit earned from transferring a capital asset. Capital assets include both movable and immovable…
NRE and NRO Account: Meaning, Difference and Taxation
NRE and NRO Account: Meaning, Difference and Taxation Under the Foreign Exchange Management Act (FEMA), Non-Resident Indians (NRIs) are not permitted to continue operating a regular savings account in India…
How to Upload JSON & File ITR-U (Updated Return) Online
How to Upload JSON & File ITR-U (Updated Return) Online The concept of ITR-U, also known as the Updated Return, was introduced in the Union Budget 2022 to help taxpayers…
Lower TDS Certificate for NRIs – Updated TDS Certificate Rules for NRIs
Lower TDS Certificate for NRIs – Updated TDS Certificate Rules for NRIs Non-Resident Indians (NRIs) are liable for Tax Deducted at Source (TDS) on income earned in India. As per…
Taxation of Foreign Source Income
Taxation of Foreign Source Income In today’s global economy, many individuals earn income from multiple countries due to increasing international mobility and liberal economic policies. This often raises questions regarding…
182 Days Tax Rule in India for NRIs
182 Days Tax Rule in India for NRIs NRIs are individuals of Indian origin who live outside India for more than half of the financial year for purposes such as…