Section 194I – TDS on Rent
Section 194-I outlines the rules for deducting tax at source (TDS) on rent payments. This provision primarily applies to individuals earning income through rental agreements or subletting properties. As rental…
Everything You Need to Know About GST Returns: Filing, Due Dates, and More
Everything You Need to Know About GST Returns: Filing, Due Dates, and More Navigating the world of GST returns can be challenging, but timely filing is essential for ensuring compliance…
Long-Term Capital Gains(LTCG): Tax Rates, How to Calculate, Exemptions and Examples
Long-Term Capital Gains(LTCG): Tax Rates, How to Calculate, Exemptions and Examples Profits earned from the sale or transfer of capital assets like property, shares, bonds, and vehicles fall under the…
F&O Taxation in India: An All-Inclusive Guide for Traders
Futures and Options (F&O) traders have long been subject to tax audits when their turnover exceeded ₹10 crores, mainly due to the previous calculation method. This formula factored in option…
Taxation on ESOP RSU Stock Options
Employee Stock Ownership Plans (ESOPs) are gaining significant traction in India. These plans, widely offered by domestic and international companies, provide employees an opportunity to own a stake in the…
Tax Planning Strategies for Wealthy Individuals
Tax-Saving Strategies for High-Net-Worth Individuals in India When it comes to protecting wealth, effective tax planning is essential, particularly for high-net-worth individuals (HNIs) in India. By staying informed about the…
GST Registration for Small Businesses: New Guidelines & How GST Affects Small Businesses
The Goods and Services Tax (GST) has revolutionized the tax landscape for small businesses in India by replacing the previous complex system of taxes with a unified, simplified approach. GST…
Financial strategies for non-profit organizations to consider
For any organization, financial stability is vital to long-term success. This applies equally to profit-oriented businesses and non-profits, where maintaining a balanced budget is essential. While profit-based entities focus on…
ITR Filing: Tax exemptions and deductions available for senior citizens
The income tax filing period for the financial year has begun, and senior citizens enjoy several tax benefits under Indian tax laws. To qualify as a senior citizen for tax…
How to File Income Tax Return as a Freelancer
India ranks as one of the fastest-growing freelance markets in the world. Freelancing in the country is becoming increasingly rewarding due to supportive tax regulations and opportunities for financial savings.…