Introduction: The Evolution of Dividend Taxation in India In India, dividends were once celebrated as a tax-free stream of passive income. Investors holding blue-chip stocks like Infosys, HDFC Bank, or ITC could look forward to annual or quarterly dividends without worrying about taxes eating into returns. But over the past decade, the...
Introduction The zone wise direct tax collection in India FY25 presents a fascinating landscape of economic activity and revenue generation across different regions. Understanding these patterns provides crucial insights into India's economic geography, business concentration, and regional development dynamics. The latest data reveals significant variations in tax contributions, with Mumbai maintaining...
Introduction: Understanding the Section 87A Rebate Controversy The Section 87A rebate from special rate incomes in the new tax regime has emerged as one of the most contentious issues for taxpayers in FY 2023-24 and FY 2024-25. This comprehensive analysis explores the complex landscape where legal provisions clash with administrative implementation,...
Introduction Filing Income Tax Returns (ITR) with foreign income and assets requires careful attention to three critical schedules: FSI (Foreign Source Income), TR (Tax Relief), and FA (Foreign Assets). These schedules are mandatory for Indian tax residents who have earned income from outside India, paid taxes abroad, or hold foreign assets....
Every tax season, millions of Indian taxpayers encounter a familiar challenge when filing their Income Tax Returns (ITR): determining the correct IFSC code for their Post Office Savings Account. This confusion becomes particularly evident when taxpayers review their Annual Information Statement (AIS) and notice "Post Office Savings Account" entries without...
Investing in real estate is a sure-shot way of increasing your net worth no doubt. But when your investment comes to fruition and has appreciated well beyond your expectations, you're thinking of selling it to capitalize on your investment. Who wouldn't? But when you do find a buyer and decide...
If you have ever sold a financial asset, you must have paid CGT, the Capital Gains Tax. Acquiring a financial asset is the goal of most people who consider financial planning as an important aspect of life. When you do successfully acquire an asset that appreciates, any profits that you...
