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For equity investors, dividends are another source of earnings apart from capital gains. These dividends are taxable in the hands of the investor, not the company. They must be reported…
The Indian financial system consists of two key segments: the money market and the capital market. The money market addresses short-term liquidity requirements, while the capital market provides a platform…
Indexation refers to adjusting the impact of inflation on the value of an asset or transaction. In the context of income tax, it means recalculating the cost of an asset…
A Permanent Account Number (PAN) card is a vital document for every Indian citizen. Apart from serving as proof of identity, it is required for filing Income Tax Returns, opening…
Launched in 2004 as part of the post office savings initiatives, the Senior Citizen Savings Scheme (SCSS) was designed to ensure financial stability for retirees by offering them a steady…
Most valuable assets you own are considered capital assets, such as property, shares, or bonds. When these assets are sold for a profit, the earnings are subject to capital gains…
Tax is a compulsory charge imposed by the government on individuals and entities, serving as a major source of revenue to finance development and welfare projects. In India, taxation is…
Section 112A deals with the taxation of long-term capital gains (LTCG) arising from the sale of listed equity shares, equity-oriented mutual funds, and units of business trusts. From 23rd July…
If you have lost or forgotten your Permanent Account Number (PAN), there are multiple safe and quick methods to recover it. Below is a summary of both online and offline…
The GST framework for old and refurbished cars has been streamlined, bringing more clarity and ease for both dealers and buyers. Following the 55th GST Council meeting, a uniform 18%…