Understanding the provisions of Section 54EC in the Indian Income Tax Act is essential for anyone looking to minimize their tax liability on long-term capital gains (LTCG). This section provides a valuable deduction opportunity through the investment in capital gain…
Overview Inheriting property can bring both emotional and financial implications. One significant financial aspect to consider is the capital gains tax that may be due when you decide to sell the inherited property. Understanding how to calculate this tax accurately…
Intraday trading, also known as day trading, involves buying and selling stocks within the same trading day. While it offers the potential for quick profits, it also comes with unique tax implications. Understanding how gains from intraday trading are taxed…
Capital gains tax is a critical consideration for investors when selling mutual funds and shares. Understanding the tax implications of these transactions can help in efficient tax planning and maximizing returns. In this comprehensive guide by FinBizz, we will explore…
Overview Capital Gains Tax (CGT) in India stands as a significant fiscal consideration for investors and corporations, especially when it comes to asset investments. Managed effectively through services like those offered by FinBizz, CGT can be optimized to minimize financial…
When you inherit property, it comes with significant emotional value, but it also brings financial implications that need careful consideration. One key financial aspect is understanding how to calculate capital gains tax on the sale of inherited property in India.…
Overview For resident Indians who earn income from abroad, understanding how to claim tax credits on foreign income is crucial to optimizing their tax obligations in India. This guide by FinBizz delves into the essential aspects of claiming tax credits,…
Overview Awards and prizes from lotteries, game shows, and puzzles can be exciting windfalls, but they also come with significant tax implications. Understanding how these earnings are taxed can help recipients manage their windfalls effectively. This comprehensive guide by FinBizz…
Overview As cryptocurrency continues to gain traction in the financial markets of India, understanding the tax implications associated with trading and selling these digital assets becomes crucial. FinBizz provides an extensive analysis of how Capital Gain Tax applies to cryptocurrencies…
Overview The Income Tax Act of 1961 is a comprehensive statute that governs the taxation of individual and corporate incomes in India Established to consolidate and amend the law relating to income tax and super tax, the Act came into…
