📈 Investing in the stock market can be rewarding, but are you prepared for the tax implications? Whether you’re a long-term investor, an intraday trader, or dealing in Futures & Options (F&O), understanding the Indian income tax laws is crucial to maximizing profits and ensuring compliance.
Agricultural Income in India is exempt under Section 10(1) of the Income-tax Act, 1961, but complexities arise regarding partial integration, capital gains on land sale, and business-related agricultural activities. This in-depth guide covers the taxation of agricultural income, including rules,
In an era where financial transparency and digital transactions are paramount, India has taken significant strides to curb the use of unaccounted cash in the economy. Section 194N of the Income Tax Act, 1961, introduced through the Finance Act, 2019, stands as a
The Finance Bill, 2025, has introduced a significant amendment to Section 87A of the Income Tax Act, 1961, with implications for taxpayers opting for the new tax regime. A new proviso has been inserted to explicitly prohibit the rebate on incomes
An Income Tax Survey under Section 133A of the Income Tax Act, 1961 serves as a critical mechanism for ensuring tax compliance, verifying records, and detecting potential tax evasion. Conducted by Income Tax authorities, these surveys provide a
Are you confused about when to apply TCS under Section 206C(1H) and TDS under Section 194Q? With evolving tax regulations, understanding these provisions is crucial to ensure 100% compliance and avoid penalties. The Finance Act, 2020 introduced Section 206C(1H) for
Are your Stock Market profits tax-compliant? Know the Income Tax implications before filing your ITR! The surge in stock market participation in India has led to an exponential rise in Demat accounts, with investors
The Finance Act, 2022, introduced Section 139(8A) in the Income-tax Act, 1961, allowing taxpayers to file an Updated Return (ITR-U) to rectify errors, omissions, or discrepancies in previously filed returns. Effective April 1, 2022, this provision
With international travel from India surging annually, the government has tightened its tax compliance measures to curb potential tax evasion. To track high-value foreign transactions and ensure better tax reporting, the Finance Act, 2020, introduced TCS on Foreign Tour Packages through
The taxation of capital gains in India is governed by the Income-tax Act, 1961, with key provisions defining how long-term capital assets are taxed. A crucial element in long-term capital gains (LTCG) taxation is indexation, a mechanism that adjusts the cost of acquisition to account for inflation,
