Income from House Property and Taxes Owning a house not only provides shelter but also can generate income in the form of rent. Understanding the taxation aspects of such...
Clubbing of Income Under the Income Tax Act In India, it’s common to hear suggestions like, “Take payments in your spouse’s name to save tax.” This is because India...
Income Tax on Lottery, Game Show, and Online Game Winnings in India Winning a lottery or a game show can be a thrilling experience, but it’s essential to understand...
Tax on Gifts received Gift-giving is an integral part of Indian culture, often reflecting deep-rooted traditions and social customs. While most gifts are of nominal value, some, such as...
Deemed Dividend under Section 2(22)(e) of the Income Tax Act, 1961 Dividends are a method by which companies reward their shareholders, typically paid out of the company’s profits and...
Tax on Dividend Income Dividend income is a popular source of passive earnings for many investors. Whether you hold shares in a multinational corporation or a small startup, understanding...
How to Pay Income Tax on Fixed Deposit Interest Income Fixed Deposits (FDs) are popular for their guaranteed returns and capital protection. They also help you take full advantage...
Income From Other Sources Income tax in India can be complex, especially when it comes to income from sources other than your salary or business profits. This blog aims...
Expenses Disallowed Under PGBP When calculating profits and gains from business or profession (PGBP), certain expenditures are disallowed and must be added back to the net profit. Understanding these...
Tax on EPF Withdrawal India’s Employee Provident Funds (EPFs) play a crucial role in financial planning for retirees, especially for salaried individuals. Tax benefits can be obtained under certain...
