The budget session of 2022 is on the horizon. We’re gearing up for a fantastic year in terms of the economy. The Hon’ble Finance Minister Nirmala Sitharaman will announce the Budget 2022 after just a few weeks. And because of the COVID-19 epidemic, people have high expectations from the budget this year. Here are a… Continue reading Budget 2022: What Taxpayers can Expect from the Upcoming Budget
Author: admin
Rebate Under Section 87-A and Income Tax On Gains From Shares: Here’s Everything You Need To Know
Section 87A of the Income-Tax Act allows you to claim a maximum rebate of up to Rs12,500. The total tax becomes NIL if the income in a financial year is equal to or under 5 Lakhs. However, if there are gains from shares in that FY, the rebate given under this section may not be available. In this blog, we explore more about this section of the income tax act and uncover its nitty-gritty, exceptions, and its applicability when gains are earned from shares or mutual funds.
Advisory on Coronavirus (Covid-19) Outbreak
Dear Tax2Win Team, As you may be aware that our country now has reported more than 175 positive cases from coronavirus. Last night, our Rajasthan government also imposed section 144 in the state in order to take precautionary measures from spreading this disease. It is necessary that we all observe precautions to minimise the risk… Continue reading Advisory on Coronavirus (Covid-19) Outbreak