Income Tax Guides

short term capital gain tax

Short Term Capital Gain Tax in India

Budget 2023 Updates- An income from market linked debentures are taxable as short term capital gains at applicable rates. What is Short Term Capital Gain Tax? A capital gain arising from the sale of a short term capital asset is...

short term capital gain on shares

Short Term Capital Gain on Shares

What is Short Term Capital Gain on Shares? A capital gain arising from the sale of a short term capital asset is a short term capital gain. The applicable tax on STCG is different for different assets. In the case...

salary slip

Salary Slip

What is Salary Slip? A salary slip or payslip is a document issued monthly by an employer to its employees. A salary slip contains a detailed breakdown of employee salary and deductions for a given period. This document can be either...

perquisites in income tax

Perquisites in Income Tax

What are Perquisites in Income Tax? Perquisites in Income Tax are any excess benefit or advantage given to an employee by their employer in addition to the basic wages or salaries. These benefits usually form a part of the total...

long term capital gain vs short term capital gain

Long Term vs Short Term Capital Gain

Long term vs short term capital gain is a concept that is important for any taxpayer who is considering selling a capital asset. Once you understand the difference between LTCG and STCG, you will be able to make better decisions...

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long term capital gain tax

Long Term Capital Gains Tax in Mutual Funds

Budget 2023 Updates The conversion of physical gold to Electronic Gold Receipt and vice versa does not result in capital gainsDeduction under section 54 and section 54F is capped to Rs 10 croresNo LTCG benefit for Debt Mutual Funds. From...

long term capital gain on shares

Long Term Capital Gain Tax on Shares

What is Long Term Capital Gain Tax on Shares? A long term capital gain on shares arises if a taxpayer sells any unit of shares. The tax liability arises on the sale of shares. Such a transfer or transaction is...

income tax payment

ITR Filing Due Dates for 2023-2024

The Income Tax Department lays down the due date for each taxpayer for filing returns, paying taxes, furnishing certificates and so on. A failure, default or delay in doing so results in payment of late fees and penalties. Hence, you...