Income Tax : The case highlights how expanded benami provisions expose informal family arrangements to confiscation and penalties. Courts stres...
Income Tax : Tax-loss harvesting helps investors offset losses against gains to reduce tax liability. The key takeaway is that strategic timing...
Income Tax : Many tax-saving investments carry hidden costs like STT, expense ratios, and exit loads. The analysis highlights that these charge...
Income Tax : The Supreme Court clarified that tax planning is valid only when backed by real commercial substance. It held that artificial stru...
Income Tax : Tax loss harvesting allows investors to sell loss-making shares to offset capital gains and reduce tax liability. This strategy he...
Income Tax : Trusts and institutions carrying out charitable activities will face more stringent taxation regime when the new direct taxes code...
Finance : Money managers, who have historically used dividends as a ploy to lure investors to tax-saving stock funds, are shying away from p...
Income Tax : Bhoruka Steel Limited (BSL) was incorporated in the year 1969. The company became a sick industrial company within the meaning of...
Income Tax : Wallfort Shares & Stock Brokers, a Five Member Special Bench of the Tribunal (96 ITD 1 (Mum) (SB)) and the Bombay High Court (310 ...
Learn how small businesses in India can optimize tax savings through schemes, GST credits, deductions, and expert guidance to maximize benefits under Indian tax laws.
Tax loss harvesting is a tax planning strategy that allows taxpayers, especially investors, to lower their capital gains tax liability by selling securities at a loss.
Plan your finances before March 31 with this year-end tax checklist. Learn about old vs. new tax regimes, investments, deductions, TDS reconciliation, and compliance steps.
Krishna, as in March the end of the financial year approaches, many people start thinking about how to save more tax. After all, a rupee saved is a rupee earned, and who better than us, Indians, to understand the importance of saving? But with so many options available, it can be tough to know where to start.
While tax avoidance is legal and involves strategic tax planning, tax evasion is illegal and constitutes fraudulent activities to escape tax obligations. Understanding this fine line is crucial for individuals, businesses, and policymakers. This blog explores the key differences between tax avoidance and tax evasion, supported by case laws and examples.
Learn how to save tax under the new tax regime with standard deduction, employer NPS contributions, and tax-free retirement benefits. Optimize your tax plan.
Explore tax benefits available for parents under the Income Tax Act, including education, health insurance, and deductions for medical expenses and disabilities.
Learn how to achieve tax-free rental income of ₹20,00,000 by leveraging deductions under Section 24 of the Income Tax Act, 1961, and understanding the latest provisions from the Union Budget 2025.
Learn how tax harvesting helps offset capital gains tax by selling loss-making investments. Optimize your tax savings and maintain a balanced investment portfolio.
In this article, we provide a brief overview on certain tax-saving checklist for taxpayers in India to ensure that taxpayers take adequate steps to review their tax status and any opportunity for tax planning.
