Query Housing loan preclosure dilemma I want to preclosure the housing laon with maturity funds in ppf , fd and savings Second thought is to invest in mf and fd backup for any uncertainty in spouse job, if I preclose I don’t have any back up for emergency except for salary income from sposue and […]
Guidance on Housing Loan Preclosure vs. Investment Decision Read Post »
Definition How to Calculate Exemption u/s 54F? Illustration Differences Between Section 54 and 54F Capital Gains Account Scheme Illustration Some Common Questions Related to Section 54F Case Study Case No.1: ACIT New Delhi v Mahinder Kumar Jain IT APPEAL NO. 5254 (DELHI) OF 2014. Facts of the Case The Decision Takeaways from the Case
Section 54F of Income Tax Act 1961: Definition, Exemption, Case Law & Example Read Post »
ITR U – What is ITR-U Form and How to File ITR-U Read Post »
Description This blog provides a step-by-step guide on ow to pay your self-assessment income tax online in India through the official Income Tax portal. It’s ideal for taxpayers who need to settle their tax dues before filing their returns. Step 1: Visit the Income Tax e-filing portal and log in to youraccount. Link: https://www.incometax.gov.in/iec/foportal/ Step 2:
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 »
