It depends on how you trade. F&O and intraday are business income (taxed at slab, ITR-3); delivery shares and equity ETFs are capital gains (equit...
Tax on Dream11, online gaming, betting and lottery winnings in IndiaWinnings from online games, fantasy sports (Dream11 etc.), betting and lotteries are taxed at a flat 30% (plus cess) under special rates — no basic ex...
Freelancer & self-employed tax guide — income tax, advance tax, TDS, presumptive & GSTA freelancer or self-employed person juggles four things: income tax on profit, advance tax paid quarterly, TDS that clients deduct, and — above a tur...
Does an NRI need to file an ITR in India — and how?An NRI must file an Indian return if India-source income crosses the basic exemption, to claim a refund of excess TDS, or to report capital gains. NRI...
What is the AIS (Annual Information Statement) — and how to use it before filingThe Annual Information Statement (AIS) is the income-tax department's comprehensive record of the financial information reported about you — salary, i...
PF advance withdrawal — reasons, TDS, and why claims get rejectedA PF advance (Form 31) is a partial withdrawal for a specific approved reason — house, medical, marriage, education — each with its own service/eligib...
How to report a mutual-fund or share sale in your ITR (reading AIS/TIS)Every sale of mutual-fund units or shares is a capital gain — report it in the Capital Gains schedule of ITR-2 (you can't use ITR-1), even if it's a f...
PF withdrawal — process, date of exit, timelines and the pension portionTo withdraw your EPF you need your date of exit updated, then file the claim online (Form 19 for PF, Form 10C for pension). Settlement usually takes 1...
What are my remedies if an income-tax appeal is pending for years?If your CIT(A)/NFAC appeal has been pending for years, you have real remedies: file a grievance and request an expedited hearing, secure a stay of the...
ITR e-verification — the 30-day deadline and what happens if you miss itFiling isn't complete until you verify. You have 30 days from filing to e-verify. If you verify within 30 days, the original filing date stands. Verif...
Cost of acquisition in capital gains — old assets, pre-2001, no invoice, splits & grandfatheringYour capital-gains tax turns on the cost of acquisition — and for old assets there are special rules. Inherited/gifted assets take the previous owner'...
Capital-gains tax on selling property — the complete guide (rates, stamp value, exemptions)Selling a house or plot triggers capital-gains tax — long-term (held over 24 months) at 12.5% (or 20% with indexation for older property), short-term...
Do I need to file an ITR — who must file, and who should anyway?You must file if your total income before deductions exceeds the basic exemption (₹2.5 lakh old regime / ₹3 lakh new), or if you cross certain high-va...
Is capital gains added to your income — and does the ₹12 lakh rebate apply to it?Capital gains are part of your total income — which is why the ITR shows them alongside your salary — but the tax on equity gains is computed at their...
Home loan tax benefits — principal, interest and under-constructionA home loan gives you two deductions in the old regime: the principal under Section 80C (within ₹1.5 lakh), and the interest up to ₹2 lakh for a self-...
How to report exempt income in your ITR — PPF/EPF interest, insurance maturity and moreIncome that is exempt — PPF interest, qualifying EPF interest, tax-free life-insurance maturity, agricultural income — is not taxed, but it must still...
Tax on investing in foreign / US stocks as an Indian residentAs a resident, your US/foreign shares are fully taxable in India. Dividends are taxed at your slab (the US withholds ~25% — you claim a foreign tax cr...
Can I claim HRA if it's not in my Form 16?If HRA is a component of your salary but your employer didn't give the exemption (Form 16 shows it as taxable), you can still claim the HRA exemption...
How to find your UAN (Universal Account Number)Your UAN is a 12-digit number that links all your PF accounts. Find it on your salary slip, from your employer, or via the EPFO portal's "Know Your UA...
How are ESOPs taxed — at exercise and at sale?ESOPs are taxed at two points: as a salary perquisite when you exercise (market value on exercise date minus the price you paid), and as capital gains...
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