Starting 1 October, 2024, high-risk individuals leaving India will need to obtain a tax clearance certificate…
Tag: tax liability
On discarding indexation for long-term capital gains | Explained
For representative purposes. | Photo Credit: Getty Images The story so far: Finance Minister Nirmala Sitharaman’s…
Realty beckons: Will your taxes skyrocket by 1,000%?
With the new rules effective from 23 July, the shift from a 20% LTCG tax rate…
Budget 2024: BankBazaar lists key income tax changes expected from FM Sitharaman | Mint
In the backdrop of inflation and high rates of tax, there is an urgent need for…
Tax Harvesting: What is it and how can it optimise your tax liabilities?
Tax harvesting is a strategy used by investors to maximise tax benefits, particularly concerning long-term capital…
How does tax-loss harvesting work and can it minimise my tax outgo?
Q. I am Ranjan. I want to harvest tax loss for my investments. How does tax-loss…
Understanding tax liability on property sale
My paternal grandfather bought a residential plot in 1972 for ₹6 lakh in Delhi. He died…
Can I benefit from HUF by splitting income?
I am a retired employee and my total income is around ₹15 lakh per annum. That…
As joint owners of a flat, how do we reduce tax liability on rent?
I am planning to buy a flat in NCR along with my wife as joint owner.…
How to structure your salary to minimize tax liability
Understanding the nitty-gritty of salaries is not everyone’s cup of tea. And the salary components can…