Deductions available to Taxpayers
An individual or HUF can claim a deduction from "Total Income" under "Chapter-VIA" of the Income Tax Act, 1961, which...
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Tax
Budget 2022: What to expect?
This being the pre-budgetary issue of the journal, let us discuss what we can expect from our FM Nirmala Sitharaman...
Taxation on Derivatives.
What are Derivatives? A derivative means an instrument whose value is derived based on the underlying asset. It has no...
Behavioral Biases in Investing.
Behavioral biases in investing affect all investors in different ways, depending on our investor personality type. Suppose Mr. Happy is...
Annual Information Statement (AIS)
Heard of the Annual Information Statement (AIS)? It may well replace Form 26AS in the coming future. So, what is...
Capital Gain on sale long-term Capital Asset not to be charged in case of investment in the residential house (section 54F).
When an individual or a HUF transfers any long-term capital asset (other than residential house property) like shares, bonds, etc....
Benefits extended under the Income-tax Act, 1961 for promoting education.
Today as we move about in this rapidly changing world, we perceive that education is the most important act for...
Mutual Funds and Capital Gains Taxation.
The capital gains tax rate for mutual funds is determined by the holding period and mutual fund category. The holding...
What is a Focused Fund?
Focused funds are a category that includes a smaller range of mutual funds' investments in inventories. With this investment scheme, instead...
5 Tips for Financial Freedom Quickly.
The word "financial freedom" is one that we hear a lot these days. Everyone has a different understanding of...
