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How to get Capital Gain Statements for Mutual Funds CAMS, KfinTech etc

Mar 14, 2024

When you sell an investment, stocks, Mutual Funds(Debt and Equity), real estate, gold you can get Capital Gains or Capital Loss. These are taxable and have to be reported in ITR  in the financial year when you made the sale. To assess your tax liability and file your...

Foreign stock for employees: RSU, ESPP, ESOP

Oct 22, 2023

A portion of employees’, working for MNC,compensation packages often includes stocks of their parent companies listed abroad. While this can be a lucrative perk, it also entails a set of compliance obligations in India. In this blog post, we delve into the...

Understanding Tax on Cryptocurrency and Virtual Digital Assets

Jul 20, 2023

The world of cryptocurrencies and virtual digital assets (VDA) has gained significant popularity in recent years. As governments seek to regulate these assets, India’s Income Tax Act introduced Section 115BBH, which became effective from April 1, 2022. This...

ITR Forms for AY 2023-24 or FY 2022-23

Feb 20, 2023

The new ITR forms for FY 2022-23 or AY 2023-24 are broadly similar to that of the previous year with some additional details required such as Virtual Digital Assets (VDA) asset or minor tweaks for new regime. This article explains What are the changes in the ITR Forms...

New draft Common Income Tax Return Form

Nov 5, 2022

At present, depending upon the type of person and nature of income,  taxpayers are required to furnish their Income-tax Returns in ITR-1 to ITR-7. Income Tax Department, proposes to introduce a common ITR by merging all the existing returns of income except ITR-7....
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