Tax Articles

Corporate Tax in India is applicable to a company. It is a subset of direct taxes in India. In this article, we have covered corporate tax, India in-detail, its applicability, tax payment, applicable tax rate, and filing of ITR. What...

Education has the ability to enhance people's quality of life at a geometrically faster rate. Every parent is concerned about children education. You are inspired to work harder each day because you want to provide your child with a high-quality...

Budget 2023 Updates The conversion of physical gold to Electronic Gold Receipt and vice versa does not result in capital gains Deduction under section 54 and section 54F is capped to Rs 10 crores Income from market linked debentures are...

What is Capital Gain on Shares? A capital gain arises when a taxpayer sells a capital asset. Hence, the asset being sold must be a capital asset. The taxability arises only when a taxpayer sells their capital assets. While calculating...

What are Capital Gain Bonds? The capital gain bonds help a taxpayer in investing the long term capital gain earned on the sale of a long term capital asset. By investing their long term capital gain taxpayers can save tax...

An assessment year is different from a financial year. However, many taxpayers assume that an assessment year is the same as a financial year. In reality an assessment year and a financial year both are different from each other. Due...

This article was first published on livemint. I am a US resident and gifted money to my parents in India. They invested that in mutual funds in their name. Are there any tax implications for me? Any amount received as a...

Budget 2023 Updates The amount of advance tax paid is reduced only once for computing the interest payable u/s 234B if the taxpayer files an updated ITR. Advance tax is paid on income that one earns during the year, usually...