They must report Indian assets if income crosses Rs 1 cr as threshold for capital gains has increased, say experts ...

NRIs can e-verify their return using Net Banking, or by generating an Electronic Verification Code (EVC) through a ...

Income Tax Department has released new ITR forms for FY 2024-25, but delays in key utilities like ITR-2 are causing concern ...

Equity intraday trade: Buy and sell equities on the same day. Equity delivery trade: Buy equities on Day 1 and keep it in ...

Taxpayers deriving gains from transfer of “capital assets” are subjected to capital gains tax in India in accordance with the provisions of the Income Tax Act, 1961 (‘IT Act’). Generally ...

The Income Tax Bill, 2025, introduces significant changes impacting Non-Resident Indians (NRIs) and foreign companies. These updates clarify tax liabilities, introduce exemptions, and outline ...

Long-term capital gains, on the other hand, are profits from the sale of an asset held for more than a year. The tax amounts for short-term and long-term capital gains can be different. 2. How can ...

Capital gains tax is calculated as per the seller’s/individual’s income tax slab rates Long Term Capital Gains Tax Duration of holding a property from the date of ownership is more than 2 years ...

With India’s tax laws tightening around retirement products, high-income earners must rethink their strategies. From capital ...

India’s real estate sector enjoys a special status, thanks to a range of tax breaks and policy support that no other asset ...