Learn all about Tax
Long-Term Capital Gain Tax on Shares in India
2 January 2025 | 5 mins read
Understanding long-term capital gains tax on shares is crucial for investors aiming to maximize profits while complying with Indian tax regulations. Long-term capital gains or LTCG tax applies to profits earned by holding shares for more than a year. The new 12.5% tax rate, exemptions up to ₹1.25 lakh, and revised provisions highlight the need for investors to stay informed. Let us explore the long-term capital gains tax, its implications, and steps to calculate it effectively.
Short-Term Capital Gain Tax on Shares in India
2 January 2025 | 6 mins read
Investing in shares offers the potential for substantial returns, but it is equally important to understand the tax implications of such investments. One significant aspect of taxation in India is the short-term capital gains tax on shares. This tax applies to profits earned from the sale of shares held for less than 12 months, categorising them as short-term gains.
What is a Tax-Saving Fixed Deposit?
2 January 2025 | 6 mins read
When it comes to saving taxes, many individuals look for investment options that not only help grow their money but also provide tax benefits under Section 80C of the Income Tax Act. A tax-saving fixed deposit (FD) is one of the most popular instruments for this purpose. It allows you to secure your money for a fixed tenure while claiming a deduction on your taxable income. Unlike other volatile investments, a tax-saving FD provides guaranteed returns, making it a safe bet for risk-averse investors. In this blog, we will explore everything you need to know about tax-saving FDs, from how they work to their benefits and limitations.
What is the Difference Between TDS and TCS
24 December 2024 | 5 mins read
Taxes are an integral part of every country's financial system, and understanding the technicalities of tax rules is critical for good personal financial management. In India, the government charges different taxes to generate revenue, which is subsequently used to fund the country's growth. Two essential tax systems, TDS (Tax Deducted at Source) and TCS (Tax Collected at Source), play critical roles in tax collection. They may seem similar at first glance, yet there are substantial differences between the two. They serve distinctive purposes and are subject to various regulations. Let us discuss what TCS and TDS are, highlight their vital differences, and provide examples to help clarify these concepts.
What are The Documents Required for GST Registration
24 December 2024 | 5 mins read
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What is GST & its Importance
24 December 2024 | 6 mins read
Since its introduction, the Goods and Services Tax (GST) has transformed India's indirect taxation structure. GST was introduced to create a uniform tax system across the country, and it has significantly influenced both businesses and consumers. In this piece, we will look at what is the full form of GST, including its history, objectives, types, registration process, and importance. Understanding the complicated rules of GST allows you to comprehend better its significance in the Indian economy and how it simplifies the taxing process.
What is PPF & What are its Benefits
24 December 2024 | 6 mins read
Saving on taxes is an essential aspect of financial planning. With the right knowledge and strategies, you can significantly reduce your taxable income and maximise your savings. Among the many available investment options, the Public Provident Fund (PPF) stands out as a highly beneficial scheme. This article will answer questions like ‘What is a PPF account’?, ‘What are the features and advantages of a PPF account ‘?, and ‘What is the process to open and manage a PPF account’?
How to Save Tax in India
24 December 2024 | 7 mins read
Taxes are a part of our financial lives that often cause stress and anxiety. But with effective planning, you can significantly reduce your tax burden. Whether you're a salaried individual, a business owner, self-employed, or a senior citizen, understanding how to save tax in India can help you make the most of your income. This guide explains tax-saving strategies and provides actionable insights on saving income tax in India.
How to e-Verify Your Income Tax Return
24 December 2024 | 6 mins read
Filing your Income Tax Return (ITR) is an important duty for all Indian taxpayers. However, just submitting your ITR is not enough. To complete the procedure, you must also validate your ITR within the specified time period. Without this verification, your ITR filing would be considered invalid, which may result in fines and delays in collecting refunds, if applicable. Let's discuss how to file your ITR, how e-verification works, and the different methods for generating the Electronic Verification Code (EVC).