Overview on Tax Treatment on Gratuity in India What is Gratuity? Gratuity is a lump sum paid by an employer to an employee in recognition of long-term service, governed by… Read More
Taxation Comparison: Gold Coin vs Gold Jewellery Tax Aspect Gold Coin Gold Jewellery ITR Reporting Treated as a capital asset. Must be reported under “Capital Gains” if sold. Same as… Read More
Crypto Taxation & ITR Reporting Guide Tax on Profits from Crypto (Virtual Digital Assets)—Taxation U/s 115BBH Applicability of Virtual Digital Assets: Legal Definition of Virtual Digital Assets: Under the Income… Read More
Savings Account – Rules for Transactions to Avoid Income Tax Scrutiny The Income Tax Department monitors high-value transactions through banks’ Annual Information Statement (AIS) & SFT reporting. Certain activities in… Read More
Quick Guide on GST Marginal Scheme What is GST Marginal Scheme Meaning : The GST Margin Scheme is applicable primarily to second-hand goods. Under this scheme, GST is levied only… Read More
Reasons to Choose Health Insurance for Your Parents Caring for one’s parents often involves ensuring their health and well-being, particularly as they age. One significant way to provide this security… Read More
GST Compliance for Private Limited Companies: A Practical Guide Introduction Walking a business as a non-public restrained organisation in India comes with a set of legal, monetary, and operational responsibilities.… Read More
Meaning, Applicability & Filing Process of Form 15CA & 15CB When an individual or business sends money to a Non-Resident Indian (NRI) or a foreign entity, the sender is often… Read More
TDS Rules on Virtual Digital Assets (VDAs) u/s 194S of the Income Tax Act, 1961, Crypto & Income Tax in India (Post July 1, 2022) : TDS is Advance tax… Read More
Tax on NPS Withdrawal: How to Save Taxes While Withdrawing Funds The National Pension Scheme (NPS) is one of India’s most popular retirement savings schemes, providing a structured way to… Read More