You can pay the Self Assessment Income-Tax online using the following steps: Step 1: Visit the Income Tax e-filing portal and log in to your account. Step 2: Click on the “e-File” tab and select “e-Pay Tax” option. Step 3: Now, click on the new payment button. Step 4: Select ‘Income Tax’ from the list of options […]
How to pay the Self Assessment Income-Tax online Read Post »
Overview Tax-loss harvesting is a strategy that uses the capital losses from one investment to offset taxes owed on capital gains (profit) from another investment. It is permitted under the Indian Income-tax Act. It is used to reduce tax liability on investments. When To Apply this Strategy When you have SOLD a capital asset in loss and holding other
Tax-loss harvesting Strategy Read Post »
For years, F&O traders have been subject to tax audit only because their turnover crossed Rs 10 Crore. But recently the formula for calculating Trading Turnover was updated. Traditionally, the option premium was considered as part of the turnover, often leading to inflated figures that made tax audit mandatory for traders. But now, only positive
F&O Taxation – Points to be noted by F&O trader about Income-tax return filing Read Post »
