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Any profit or gain arising from the sale of a 'capital asset' is known as 'income from capital gains'. Capital gain is taxed in the year in which the capit...
Do you want to transfer money to your spouse's account so she can meet personal expenses? Will that money be counted as income? Or is it considered as borr...
Any profit from a capital asset is classified as Capital Gains for income tax and will be subject to capital gains tax. Land is treated as a Capital Asset,...
An Income Tax Return (ITR) is a document that every taxpayer is required to file with the Income Tax Department. ITR is filed to declare the income earned...
The most common type of allowance a salaried person receives is House Rent Allowance (HRA). Those who live in a rented property can maximize their tax savi...
Taxation of Stipend Income has been controversial. Under the Income Tax Act, there is no mention of a ‘stipend.’ The Income Tax Act only states that th...
The Income Tax Act's Section 203A mandates that all individuals or any business required by the government to withhold or collect TaxTax must get a TAN. Th...
GST was introduced and implemented in 2017; however, taxpayers continue to grapple with GST regulations and compliances. New businesses can be seen struggl...
In the financial sector, “Ease of Doing Business” is a regulatory framework ...
The Securities and Exchange Board of India (SEBI) has issued the SEBI (Issue of Capital and Dis...
Custodians play a crucial role in the Indian securities market. They essentially safeguard...
IRDAI has recently made an important proposal to ensure transparency in financial rep...
India's capital market regulator SEBI has recently brought significant changes in the reporting...
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