Browsing: income tax news

By Chirag NangiaLast monetary year, I produced extended term capital gains (LTCG) of Rs 2 lakh from mutual funds and…

Since turnover in your case is under the prescribed threshold, there is no requirement for tax audit.By Chirag NangiaI am…

With just two weeks left in the existing monetary year, it is that time when several of us sit back…

Many blindly invest in insurance coverage-cum-investment items like regular insurance coverage plans and endowment policies to save tax at the…

In the absence of details, we shall not be in a position to guide you as to the inclusion of…

It is advisable you and your wife make right disclosure of revenue from mutual funds in your respective ITRs and…

Income from futures & solution trading is classified either as ‘business income’ or ‘income from other sources’. If the transactions are of normal frequency, then such gains/ losses are classified as ‘business income’.