The recent changes in taxation for Non-Resident Indians (NRIs) have significantly impacted the real estate market in India. The Finance Act of 2024 introduced several amendments, in...
Blog categorized as Tax Planning
Tax on EPF withdrawals
06.09.24 03:30 AM - Comment(s)
So, you’re thinking about withdrawing from your Provident Fund (PF) account within five years of opening it? Let’s dive into the rules and make it as enjoyable as possible!
The Basics
First things first, if you’ve claimed the 80C deduction in previous ye...
LTCG on Property - Old Vs New
15.08.24 04:00 AM - Comment(s)
Starting from July 23rd, 2024 the change from a 20% LTCG tax rate with indexation benefits to a 12.5% rate without indexation could significantly raise your tax liability from property sales, particularly for those with modest investment appreciation. Investors and property owners...
Income Tax Reporting of F&O and Intra-Day trades
08.08.24 04:00 AM - Comment(s)
Futures and Options (F&O) Trading and Intra-day Trading are popular among investors in India. However, reporting these transactions in the Income Tax Return (ITR) can be complex. All trading income, including losses, must be reported in income tax returns. The absence of ...
Old Tax Regime - Benefits
07.05.24 05:23 AM - Comment(s)
In the labyrinth of financial legislation, the old tax regime in India continues to hold its ground, even as the new tax regime beckons with its simplified structure. While the new system has its merits, there are taxpayers who ...
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