Tax-saver index funds, also known as equity-linked savings schemes (ELSS) index funds, are a subcategory of…
Tag: taxable income
What type of investments will help reduce my taxable income?
I am 27-year-old working for a multinational company (MNC), drawing a net salary of ₹1.4 lakh…
How tax on rental income works for NRIs?
How is income from house property taxed in India for NRIs or non-resident Indians? Are there…
Is the rent paid for redevelopment projects taxable?
At present, construction work is going on at a fast pace on about 11,125 building sites…
Importance of timely selection of tax regime
It is the beginning of a new financial year and employers have started providing tax declaration…
What are the tax rules for foreign retirement accounts?
For non-residents who have worked abroad and subsequently returned to India and became tax residents here,…
How legal heirs of deceased can file IT return
My cousin died in January 2021. All his savings bank accounts have been transferred to his…
Focus on 3 Income Tax Amendments in Budget 2022
The government today introduced some amendments in the Budget 2022 in the Lok Sabha. The budget…
Is gratuity, leave encashment taxable, received by an NRI in India?
A Non-Resident Indian (NRI) receives gratuity and leave encashment on the termination of his/her contract of…
Will the sale of shares attract 10% LTCG tax if sold after 12 months?
Can Co-operative Housing Societies (CHS) invest in listed debt and equity oriented mutual fund schemes. Whether…