Key takeaways Salaried Indians ask the same question every tax season, how to save tax before the financial year closes. The March rush for investment proofs leaves little room to check whether an option actually fits, and many end up buying the wrong one. Tax planning is only one part of your finances, tied to […]
Key takeaways The 30% tax on crypto in India is the most visible feature of this country’s crypto tax regime. Section 115BBH of the Income Tax Act subjects virtual digital assets (VDAs) to a separate set of tax provisions that apply irrespective of your income tax slab or the period for which the asset is […]
Key takeaways Few emails unsettle a salaried taxpayer quite like an income tax notice. It shows up weeks after filing with a section number in the subject line and little else, and most people immediately assume something in the return went wrong. Behind most of these income tax notices is software rather than a person. […]
After ITR filing, an intimation notice arrives citing a tax credit mismatch, and the refund you expected shrinks by several thousand rupees, with no clear line explaining which entry failed to reconcile. The employer deducted the tax on time, the payslips confirm it, yet the credit refuses to show. Most taxpayers in this position assume […]
NPS or equity mutual funds? The tax twist will shock you
Every few years, a fresh debate over inheritance tax in India unsettles families who own assets meant for the next generation. Will your children lose a portion of what you leave behind to tax? While inheritance tax is currently not levied in India, the fear of the unknown, namely, the possibility of its reintroduction continues […]
