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…
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 Dividends represent a fundamental component of investment income, rewarding shareholders with a portion of a company's profits. With recent shifts in tax legislation, particularly the abolition of the Dividend Distribution Tax (DDT) in 2020, understanding how dividends are taxed…
Overview Self-employed individuals, including business owners, professionals, and freelancers, face unique challenges and opportunities when it comes to managing their income taxes. Unlike salaried employees, who have taxes withheld from their paychecks, self-employed individuals must take a proactive approach to…
Overview Filing income tax returns online has been simplified by the Income Tax Department of India through its e-filing portal. This digital platform allows taxpayers to file their returns, check their refund status, raise queries, and perform various other tax-related…
Overview The National Small Industries Corporation (NSIC) is a Government of India enterprise under the Ministry of Micro, Small and Medium Enterprises (MSME). NSIC has been set up to promote and support MSMEs by providing integrated support services encompassing Marketing,…
Overview In the digital age, e-commerce business has transformed the landscape of retail and business by allowing companies to sell goods and services over the internet. This sector encompasses a variety of online marketplaces, from giant retailers to small, boutique…
Overview A partnership is a common business structure where two or more individuals collaborate to manage and operate a business with the intent of sharing profits. The registration of a partnership is an essential step to legally establish the business…
