Budget 2022-23 Explained: 7 Major Changes Proposed In The Budget

Finance Minister Nirmala Sitharaman outlined the budget for 2022. According to a lot of tax experts, the 2022 budget is financially sound. The biggest highlight is definitely the digital currency tax has been proposed with several other changes.  In this blog, let’s have a look at the main findings: New updated return Budget 2022 introduces… Continue reading Budget 2022-23 Explained: 7 Major Changes Proposed In The Budget

Budget updates 2022- Direct Tax

As the finance minister presented the budget 2022, here are the updates related to direct taxation:  – Provision for filing ‘Updated Income Tax returns’ within 2 years from the end of relevant Assessment Year. With this, if any taxpayer forgets to disclose the income in the ITR, he can disclose the income and pay the… Continue reading Budget updates 2022- Direct Tax

Everything About Submission of Investment Proof To Your Employer

As the financial year is about to end, we again have to buckle up for the investments and savings to keep our future secure. But before you buckle up for this year, have you submitted proofs of the investment (investment proof) declared for the FY21-22? To avoid higher taxes and to obtain tax rebates, we… Continue reading Everything About Submission of Investment Proof To Your Employer

Only One Day Left To File ITR: Here Are 6 Things To Keep In Mind

For those who are unfamiliar with the process, filing an income tax return (ITR) can be a daunting task. Because this is a complicated and technical procedure, there is a great risk of making mistakes if you provide wrong or incomplete information. Especially if you are filing your income tax return on the last day,… Continue reading Only One Day Left To File ITR: Here Are 6 Things To Keep In Mind

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All You Need to Know About Taxation on Sales of Agricultural Land in 2021

As India is primarily an agrarian economy, persons who make a living from agriculture are granted a variety of incentives and benefits. For instance, farmers in India are exempted from paying any tax on their income from agricultural land under the country’s income tax regulations.  However, this does not mean that no tax is levied… Continue reading All You Need to Know About Taxation on Sales of Agricultural Land in 2021

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Top 5 Reasons To File Your Tax Returns Even If Your Income Is Not Taxable

Tax filing is a mandatory requirement for anyone with a taxable income of Rs 2.5 lakhs and above. It is also mandatory for cases mentioned below If you are an individual who has paid an electricity bill over Rs 1 lakh or Spent Rs 2lakh and above in travel abroad.  The aggregate of deposits in… Continue reading Top 5 Reasons To File Your Tax Returns Even If Your Income Is Not Taxable

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How Gains From Foreign Stock Markets Are Taxed In India

Understanding how your investments are taxed is critical when investing in the stock market. Before investing in international stocks from India, here’s everything you need to know. In general, gains derived from the sale of foreign stocks would be taxed as capital gains in the hands of the Indian investor. For tax purposes, foreign stocks… Continue reading How Gains From Foreign Stock Markets Are Taxed In India

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