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 collected by exchanges like ZebPay on behalf of the Government. TDS deducted on On every sale or transfer of Virtual Digital Assets (VDAs) from July …
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 accumulate wealth for post-retirement years. While NPS offers tax benefits during the investment phase, withdrawals are subject to specific tax rules. Understanding these rules can …
How To Increase Your Chances to Getting Pre-approved Business Loan Obtaining a pre approved business loan in India requires focused preparation, strategic insight, and clear documentation. A carefully organised submission helps lenders evaluate your eligibility swiftly and confidently. You must ensure your financial statements, tax returns, and KYC papers are accurate and up to date …
Tractor Loan Interest Rates – Calculate Your EMI Before Applying For farmers, investing in the right tractor is not just about convenience but also about increasing farming efficiency. A Tractor Loan can provide the financial support needed to purchase new machinery without straining savings. Before applying, it is important to understand the Tractor Loan interest …
Top 5 Changes in Form 3CD (AY 2025-26) Top 5 Changes in Income Tax Audit Form 3CD for AY 2025-26 (FY 2024-25) based on the CBDT notification and expert commentary are mentioned here under: what is change in MSME Payments – Clauses 22 & 26 : Clause 22 now requires disclosure of timely vs. delayed …
What happen If Taxpayers in case Bank A/c Frozen in GST for Over 1 Year. Under Section 83(2) of the CGST Act “Every such provisional attachment shall cease to have effect after the expiry of a period of one year from the date of the order.” This means any provisional attachment of a bank account …
Taxability Under GST for E-Commerce Sale of Services Definition & Models of E-Commerce Electronic Commerce (Section 2(44)): Supply of goods/services over digital networks. E-Commerce Operator (Section 2(45)): Any person managing a digital platform for e-commerce. Business Models: Marketplace Model: Amazon, Flipkart. Inventory Model: Tata Cliq, Pantaloons. Aggregator Model: Uber, Swiggy, Urban Company. GST Registration Requirements- …
For an under-construction house, the tax treatment of home loan interest is a bit different from a ready-to-move property. Interest During Construction (Pre-Construction Interest) Not deductible during construction. It’s Called Pre-construction Interest. You cannot claim interest deduction U/s 24(b) until the construction is complete. Once construction is completed (i.e., you get possession or the completion …
CBDT Extends Tax Exemption Window for SWFs & Pension Funds The Central Board of Direct Taxes (CBDT) has officially extended the timeline for income tax exemptions under Section 10(23FE) of the Income Tax Act for Sovereign Wealth Funds (SWFs) and Pension Funds. The new deadline for qualifying investments is now March 31, 2030, up from …
How Restricted Stock Units vs Employee Stock Options taxation in India Types of ESOPs & Related Stock-Based Incentives Employee Stock Option Scheme (ESOS) : Employee Stock Option Plan allows employees the right (not obligation) to buy company shares at a predetermined price after a vesting period. Employees must decide whether to exercise based on the …