Tax Planning Guide

Short-term capital loss (STCL) can be set off against both STCG and LTCG; long-term capital loss (LTCL) can be set off o...

Under the old tax regime, you can reduce taxable income via: Section 80C (investments/specified payments up to ₹1.5 lakh...

For AY 2025–26 (FY 2024–25), the non-audit ITR due date is 15 September 2025 (extended by CBDT). Audit cases must file t...

When you buy an immovable property in India (other than rural agricultural land) for ₹50 lakh or more, you must deduct T...

To avoid double taxation on Indian income, NRIs should (1) confirm non-resident status; (2) give their bank/broker a Tax...

For equity-oriented mutual funds (≥65% in Indian equities), STCG is 20% if units are sold within 12 months and LTCG is 1...

A Hindu Undivided Family (HUF) is a separate “person” under the Income-tax Act. It can obtain its own PAN, file ITR-2/3,...

In India, gifts are taxed in the recipient’s hands under Section 56(2)(x). Gifts from specified relatives, on the occasi...