In the realm of income taxation in India, there exist distinct categories under which income is assessed and taxed as per the relevant provisions. These categories encompass salaries, House Property, PGBP (Profit and Gains from Business or Profession), Capital Gains, and Other Sources. This discussion...
Stock market trading holds a distinctive position in India, requiring more than just luck. It demands experience to navigate the fluctuations effectively. Within this realm, investors can opt to hold securities for varying durations, from a day to several years, each with its own tax...
In the vast realm of global finance, Foreign Exchange (Forex) stands as a prominent arena, offering boundless opportunities for individuals seeking to engage in currency trading. This article delves into the tax implications surrounding Forex transactions, shedding light on the pertinent aspects that every investor...
Tax audits serve as a pivotal process mandated for entities surpassing specified thresholds outlined in the relevant act. As per Section 44AB of the act, a chartered accountant must conduct this audit, with the report filed electronically. The core objective revolves around ensuring financial accuracy,...
Stay updated with our monthly newsletter The ReCap! Get updates on latest tax regulations, changes in tax laws and expert insights to navigate the complex world of taxation. Simplify your tax planning and ensure compliance. Click on the icon below to access the complete newsletter....
Share trading remains a prevalent avenue for individuals seeking financial gains, albeit not without its complexities. Whether attributed to luck or informed decisions, income generated from the stock market is subject to taxation, much like any other source of income. The regulations governing taxable income...
In response to the evolving landscape of taxation and the need for streamlined processes, the tax department has ushered in a new era with the Faceless Income Tax Appeal system. This revolutionary approach aims to eradicate physical barriers by transitioning all appeal processes to an...
In today's global economy, transactions involving Indian taxpayers and non-residents are on the rise. These transactions are subject to Tax Deducted at Source (TDS), where tax is deducted at the point of payment to non-residents. Understanding the intricacies of TDS concerning payments to non-residents is...
Navigating the intricate landscape of taxation laws for Non-Resident Indians (NRIs) in India is essential for individuals with ties to the country but residing abroad. Recent amendments to tax regulations, have brought about significant changes in how NRI tax liabilities are determined. This comprehensive guide...
Filing an income tax return serves as a crucial income documentation, even when one's income is not subject to taxation. While the law mandates filing when income surpasses the basic exemption limit, there are compelling reasons to maintain a consistent record with the Income Tax...
Agree
