Introduction Any profit or gain arising from the sale of shares is treated as capital gains under the Income Tax Act. Capital gains are classified… Read More »Short Term Capital Gains on Shares (Section 111A of Income Tax Act)
Introduction “At present, payments made by a firm (whether a partnership firm or an LLP) to a partner are not subject to TDS. Currently, TDS… Read More »Section 194T – TDS on Payment to Partners by Firm
If you’re an entrepreneur, you should be familiar with the term “Angel Tax.” According to Section 56(2)(viib) of the Income Tax Act, startups in India… Read More »What is Angel Tax – Angel Tax Exemption
The futures and options (F&O) trading market in India is a vital component of the country’s financial market. It allows investors to hedge risks and… Read More »Income Tax on Future and Options – How Profits From F&O Are Taxed?
Intraday trading, also known as day trading, involves buying and selling stocks within the same trading day. While it can be lucrative, it’s crucial to… Read More »Income Tax On Intraday Trading – How Profits From Intraday Trading Are Taxed?
Overview on Long-Term Capital Gain Tax on Mutual Funds Long-term capital gains are the gains that arise when long-term capital asset is transferred. The taxation… Read More »Long-Term Capital Gain Tax on Mutual Funds
Passive investing is an investment strategy that involves holding a diversified portfolio of securities, such as stocks, bonds, or other investment vehicles, with minimal buying… Read More »Passive Investing: What It Is and How It Works
The Income Tax Return Form ITR 7 for Assessment Year (AY) 2024-25 has been updated and notified by the Central Board of Direct Taxes (CBDT).… Read More »ITR 7- How to file ITR 7? Eligibility, Due Date
ITR 4 Form (Sugam) is an Income Tax Return form designed for taxpayers who opt for a presumptive income scheme under Sections 44AD, 44ADA, and 44AE of the… Read More »ITR 4 Form (SUGAM) – What is ITR 4, Eligibility & Who Can File ITR 4?
Overview of Double Tax Avoidance Agreement (DTAA) – Where a person resident in India earns income which is also taxable in a foreign country, he… Read More »What is Double Tax Avoidance Agreement (DTAA)?