Section 10(2A) – Exemption on Share of Profit from Partnership Firm or LLP
Section 10(2A) provides that the share of profit received by a partner from a partnership firm or LLP is exempt from income tax in the hands of the partner.
GST on Salary – Applicability and Exemptions
The question of whether GST applies to salary is one of the most common areas of confusion for employers, HR teams, and employees.
Models of GST – Types Explained Simply
The introduction of Goods and Services Tax (GST) marked one of the most significant reforms in India's indirect tax system. By replacing multiple indirect taxes with a unified framework, GST brought transparency and consistency across the country.
Union Budget 2026 Highlights Simple Guide to Key Tax, Economy & Business Reforms
The Union Budget 2026–27, presented by Finance Minister Nirmala Sitharaman on 1 February 2026, focuses on fast economic growth, better tax compliance, strong infrastructure development, and long-term reforms.
Union Budget 2026 Highlights Big Push for MSMEs, Startups & Inclusive Economic Growth
The Union Budget 2026 presented by Finance Minister Nirmala Sitharaman is a growth-focused and reform-driven budget. It aims to strengthen India's economy while supporting MSMEs, startups, small businesses, and entrepreneurs
Income Tax on Digital, Physical and Paper Gold in India
Gold has traditionally been one of the most preferred investment avenues in India. Today, investors can choose from multiple formats such as physical gold, digital gold, Gold ETFs, Gold Mutual Funds, Sovereign Gold Bonds, and gold derivatives.
Income Tax Calculator
An Income Tax Calculator is an online tool that enables taxpayers to estimate their income tax liability for a specific financial year.
Status of ITR: How to Check Your Income Tax Refund Status in India?
An income tax refund arises when the tax you have paid (through TDS, Advance Tax, or Self-Assessment Tax) exceeds your actual tax liability calculated for the year. Essentially, it is your own hard-earned money being returned to you by the government.
The Role of SIPs, Index Funds, and Defensive Sectors in Managing Volatility and Building Long-Term Wealth
Successful wealth creation is less about predicting market movements and more about adopting strategies that reduce emotional decisions and allow compounding to work over decades.
What Quarterly GDP Numbers Mean for Stock Markets, Interest Rates, and Your Portfolio?
Economic growth is the lifeblood of any economy, and Gross Domestic Product (GDP) is its most widely tracked measure. Every quarter, GDP data releases command the attention of investors, economists, policymakers, and financial markets across the world.