Impact of Trump’s 26% Tariff on Indian Imports: Key Affected Sectors
The Trump administration recently announced a 26% tariff on all products imported from India.
Advance Tax in India: A Simple Guide for Individuals
Paying your taxes on time is important for your financial health. In India, people are expected to pay a part of their income tax in advance—this is called Advance Tax.
What is Form 60: How to Fill and Download It?
Ever needed to make a big purchase or bank transaction, but didn't have a PAN card? That's where Form 60 comes in.
Residential Status and Its Importance in Taxation
Your tax liability in India depends on your residential status, so it's important to understand how you are classified under income tax laws.
Received a Notice Under Section 142(1)? Here’s What You Should Know
Getting a notice from the Income Tax Department can be worrying, but understanding why you received it and how to respond can make the process easier.
Income Tax Bill 2025: Key Updates on TDS & TCS Provisions
The Income Tax Bill 2025 introduces several changes to improve tax compliance and ensure better revenue collection.
Form 15G & Form 15H: A Complete Guide to Eligibility, Usage, and Benefits
If you've completed your tax filing for 2023-24 and are looking to maximize your tax benefits, you may have come across Form 15G and Form 15H.
How to Calculate Income from Let-Out House Property?
If you own a residential or commercial property and rent it out, you must declare the rental income under "Income from House Property" in your income tax return.
Understanding the Dynamics of Individual vs Family Floater Health Insurance
Meet the Raj family: Mr. Raj, aged 42, Mrs. Raj, 40, and their energetic children aged 12 and 10. Aware of the escalating medical expenses and the growing necessity of health insurance, they are exploring options to safeguard their family’s health. Mr. Raj is contemplating two primary choices: Individual Health […]
Understanding the Difference Between Short-Term and Long-Term Capital Gains in India
Navigating the complexities of capital gains taxation is essential for accurate tax filing and financial planning. The Income Tax Act of India provides detailed guidelines to classify and tax capital gains. Let’s explore the distinctions between short-term and long-term capital gains in detail. What Are Capital Gains? Capital gains are the profits […]