Nimisha PandaOct 108 min readCapital gain taxSection 45 of the Income Tax Act: Understanding the Tax Treatment of Capital GainsThe fundamental law that controls income taxation in India is the Income Tax Act. It offers the framework legally necessary for the...
Dipali WaghmodeOct 108 min readIncome Tax DepartmentIndexation: A Guide on the Meaning, Benefits, and CalculationCalculating the gain or loss on your investments is mostly dependent on indexation. By modifying the acquisition price of the underlying...
Rashmita ChoudharyOct 811 min readIncome Tax DepartmentTypes of Return in Income TaxFiling taxes doesn't have to be confusing or stressful, especially when you know there are different types of returns to help you stay on...
Nimisha PandaSep 218 min readIncome Tax DepartmentWhat are Emoluments in Salary: A Comprehensive Guide for Salaried IndividualsEmployment is a concept that is highly valued in India since it affects a person's financial security as well as their legal and tax...
Dipali WaghmodeSep 218 min readIncome Tax DepartmentWhat is Taxpayer Identification Number (TIN)?Dealers registered under the former Value-Added Tax (VAT) law are granted an 11-digit number called the Tax Identification Number (TIN)....
Rajesh Kumar KarSep 2110 min readIncome Tax DepartmentCentralised Processing Centre: An OverviewOn February 16, 2024, the Ministry of Corporate Affairs announced a number of steps made to facilitate business dealings, such as the...
PRITI SIRDESHMUKHSep 2016 min readIncome Tax DepartmentUnit Linked Insurance Plan: What Taxpayers Must KnowThe appeal of market-linked returns cannot be ignored by Indian taxpayers. There are high returns which are also in alignment with the...
Nimisha PandaSep 209 min readIncome Tax DepartmentSurcharge on Income Tax: A Guide for TaxpayersYou may have to pay an extra surcharge on your income tax liability beyond a certain amount if you are in a higher income tax band. In...
Dipali WaghmodeSep 208 min readIncome Tax DepartmentHigh-Net-Worth Individuals: A Guide for Indian TaxpayersHigh-net-worth individuals (HNWIs) are defined as rich and wealthy members of society who have substantial financial reserves. In India,...
Rashmita ChoudharySep 2017 min readIncome Tax DepartmentPartnership Firm Registration in India: A Comprehensive GuideA partnership firm is defined as a business organisation that is of high significance. In India, it is a common type of business...