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

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...

Understanding Tax on Cryptocurrency and Virtual Digital Assets

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

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...

Old or New Tax Regime?

From FY 2023-24, tax rates for the new tax regime are revised. The new Tax Regime was introduced in Union Budget 2020-21. So now there is old tax regime, new tax regime applicable till AY 2023-24 and Revised new Tax Regime applicable from AY 2024-25.  Now taxpayer has...

Top 8 Tax-Saving Instruments To Add In Your Portfolio

Almost every taxpayer is on the hunt to arrange their finances in a way that helps them save taxes. If you are one of them, know that there are options that act as tax-saving instruments that you can purchase. While their core benefits may differ, these products can...
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