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TCS Buyback

TCS, Tata Consultancy Services, has announced a buyback of 4 crores of its shares for a total amount of Rs 18,000 crores at Rs 4,500 per share buyback of shares in a tender offer on 12 Jan 2022. The Record Date for the buyback is 23 February 2022.  60 lakhs will be...

Union Budget 2022-23, Tax Slabs

The Union Budget for the financial year 2021-22 was introduced by the Finance Minister of India, Smt. Nirmala Sitharaman on February 1st, 2021. This Union Budget laid a foundation and blueprint of the economy over ‘Amrit Kal’ of the next 25 years – from India at 75 to...

Tax on Cryptocurrency in India

Indian investments in the cryptocurrency have surged to US$6.6 billion in 2021. Where there is profit/loss there is tax? Cryptocurrency gains could happen from multiple ways such as mining, or conventional buying and selling. While the Reserve Bank of India has not...

How to file ITR Income Tax Return, Process, Income Tax Notices

The income earned between 1 Apr 2020 to 31 Mar 2021, called FY 2020-21, will be assessed for tax in the AY 2021-22. The last date for filing returns for individuals is 31 Dec 2021.  This article lists all the articles for understanding Income Tax Return or ITR,...

Income Tax on Selling Shares: Trading, Capital Gains, ITR

What is the tax on income from the purchase or sale of shares? Gains or losses from the sale of shares can be considered as income from business or Capital gains. For capital gains, If equity shares listed on a stock exchange are sold within 12 months of purchase,...
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