506 articles on Income Tax, authored by the Finin2min editorial team. Page 7 of 13.
Renting out a shop, office space, or warehouse comes with a layer of complexity residential landlords don't face: GST registration thresholds, a choice between…
If you earn commission as an insurance agent - whether for life insurance, health insurance, or general insurance policies - that income is subject to TDS…
If you're an author who earns royalties from a published book, or an inventor who earns royalty from a registered patent, two lesser-known deductions -…
For Non-Resident Indians, the choice of bank account isn't just about convenience - it has a direct and significant tax impact. Interest earned on an NRE…
Government infrastructure projects - highways, metro corridors, industrial corridors - often require compulsory acquisition of privately-owned land. The…
The Income Tax Act recognizes five heads of income - and 'Income from Other Sources' is the catch-all fifth head, covering everything that doesn't fit neatly…
If you sell products or services through an e-commerce platform - Amazon, Flipkart, Meesho, Myntra, or similar - Section 194-O requires the platform itself to…
Most employees think of their employer's contribution to PF, NPS, and superannuation as automatically tax-free - and for most people, it is. But for high…
If you've followed startup news in India over the past decade, you've likely heard the term 'angel tax' - a provision that taxed a startup's share premium as…
Whether you're a full-time YouTuber, an Instagram influencer doing brand collaborations on the side, or a blogger earning through affiliate links, your income…
When a resident Indian buys property from another resident, TDS is a simple 1% under Section 194-IA. But when the seller is an NRI, the rules change…
Since dividends became taxable in the hands of shareholders in 2020, companies and mutual funds have been required to deduct TDS before crediting your dividend…
When a pharmaceutical company gives free product samples to doctors, or a brand sponsors an influencer's holiday in exchange for promotional posts, the value…
Every year, lakhs of students - CA and CS articled clerks, medical residents, MBA summer interns, and management trainees - receive stipends and wonder whether…
If your salary slip shows a higher PF deduction than the standard 12%, you may already be contributing to VPF without realizing the tax implications -…
Buying and selling crypto isn't the only way to acquire it - mining and staking generate new tokens directly, and India's Virtual Digital Asset tax framework…
When a government or private sector employee passes away, their spouse or dependent often continues to receive a monthly 'family pension' from the employer or…
Some employers offer staff loans for home purchase, education, or emergencies at little or no interest - a valuable benefit, but one that the Income Tax Act…
Divorce settlements in India often involve either a one-time lump sum or ongoing monthly maintenance payments - and unlike many other types of income, there's…
When PSUs, banks, and large companies offer Voluntary Retirement Scheme (VRS) packages to reduce headcount, the compensation can run into tens of lakhs - but…
It sounds almost too good to be true: claiming a tax deduction for the rent you pay AND for the home loan on a house you own. But it's perfectly legal in a…
Two employees with the same CTC can end up with very different take-home pay - not because of their tax slab, but because of how their salary is structured. A…
Buried in many salary structures is a small line item - 'Children's Education Allowance' or 'Hostel Expenditure Allowance' - worth just a few hundred rupees a…
If you've taken a home loan for an under-construction property, you've likely been paying EMIs (or at least interest) for months or years before you can claim…
Remote work has made it possible for Indian residents to draw a salary from a US company or invoice clients in Europe, while never leaving home. But 'the…
A tenant offers to pay a year's rent - or even several years' worth - in one lump sum upfront. Before you accept, it's worth understanding exactly when and how…
Many senior citizens are house-rich but cash-poor - sitting on a valuable home but with limited monthly income. A reverse mortgage offers a way to convert home…
Section 10(10D) makes life insurance maturity proceeds tax-free for most policies - but that exemption comes with conditions tied to holding the policy to…
There's a persistent belief that agricultural land sales are always tax-free in India. That's only half true - and the half that matters is a technical…
A vacant residential plot is one of the simplest assets to own - but one of the more confusing to sell from a tax standpoint, because the exemption rules that…
A landowner signs a Joint Development Agreement (JDA), handing over land to a builder in exchange for a share of the constructed flats plus possibly some cash…
If your landlord lives abroad, paying rent isn't as simple as transferring money every month. The moment your landlord's residential status changes to NRI, the…
Most salaried employees know about their EPF balance - the number that shows up in their UAN passbook. Far fewer know that a separate chunk of their employer's…
Tax obligations don't end with death - they transfer. If a family member passes away during a financial year, their income up to the date of death is still…
A doctor's income rarely comes from one source - hospital consulting fees, private clinic revenue, home visits, telemedicine, maybe a small diagnostic lab on…
You spend Rs 1 lakh on your credit card and get Rs 2,000 cashback. Free money, right? Mostly yes - for ordinary personal spending, this isn't taxed. But the…
Winning a car, an apartment or a kilo of gold in a contest sounds like pure profit, but the taxman wants his share before you can drive off. Here is how TDS on…
Employees of recognised startups who exercise ESOPs often face a tax bill on paper profits they cannot actually access, since the shares are not yet liquid…
Buying a stock or mutual fund unit just before a dividend or bonus issue, then selling soon after at a lower price, used to be a popular way to manufacture an…
Sweat equity shares reward employees and directors for their know-how, intellectual property or value addition to a company, rather than for cash invested. The…