506 articles on Income Tax, authored by the Finin2min editorial team. Page 9 of 13.
A handful of employers, particularly larger companies and PSUs, offer housing-related financial support: a loan at a below-market interest rate, or a subsidy…
Income from private tuitions is one of the most common, and most commonly under-reported, sources of side income in India. Whether it is a school teacher…
An apartment bought during years working abroad, now rented out while its owner has moved back to India, creates a tax obligation that many returning…
Convertible preference shares are designed from the outset to eventually become equity shares, on a pre-agreed ratio and timeline. The moment of conversion…
Shares bought decades ago and forgotten, dividends that were never collected because of an old address or a closed bank account, these do not simply vanish…
Many businesses depend disproportionately on a handful of key individuals, a founder, a top salesperson, a technical expert whose departure or death could…
Professionals who spend years working abroad often build up retirement savings in accounts like a US 401(k) or IRA, structures where the home country defers…
A multinational sends an employee on a two-year assignment to its India office, with salary continuing to be paid into a bank account back home. The employee…
A property changes hands at a price below the government's stamp duty valuation (often called the circle rate), perhaps because the seller needed a quick sale…
A son working abroad wires a substantial sum to his parents in India to help with a medical expense or a home renovation. A sister settled overseas transfers…
When a business is sold, or a senior professional exits a firm, it is common for the buyer or the firm to pay a separate sum specifically in exchange for the…
A doctor who has spent thirty years building a loyal patient base, or a chartered accountant with a roster of long-standing clients, often finds that when the…
An individual who owns a truck or two and hires them out to transport companies, or someone who has invested in a fleet of a few goods carriages run by hired…
Buying a few grams of gold through a payments app, with the gold supposedly held in a secure vault on the buyer's behalf, has become an extremely popular way…
An investor holding a large quantity of a particular stock for the long term, with no intention of selling soon, can put those idle shares to work through the…
In cities with old rent-controlled buildings, it is common for landlords or developers to pay long-standing tenants a substantial lump sum to vacate, often as…
When land is compulsorily acquired by the government and the landowner disputes the initial compensation amount, court proceedings can take years, sometimes…
A manufacturing unit that invests in cleaner technology, a renewable energy project, or a forestry initiative can generate carbon credits, tradable…
A blogger who earns commissions every time a reader clicks through an affiliate link and makes a purchase, or someone who shares a referral code for a…
A student who receives a scholarship, whether from the government, their educational institution, a private trust, or a corporate CSR programme, naturally…
A road accident victim, or the family of someone who has passed away in one, who eventually receives a compensation award from a Motor Accident Claims Tribunal…
Whether it is a business that wins damages from a supplier for breach of contract, or an individual who settles a dispute with a builder, an employer, or a…
Whether it is a small neighbourhood beauty parlour, a unisex salon, or a home-based service offering grooming and styling appointments, this is, for tax…
Agricultural income enjoys a favourable position under income tax law, broadly exempt from tax. It is a common assumption that any income connected with…
What often starts as baking cakes for friends and family, or cooking a few extra meals to sell to neighbours, can grow into a steady home bakery or cloud…
Many investors switch mutual funds for perfectly sensible reasons: moving from a regular plan to a lower-cost direct plan of the same scheme, consolidating…
A yoga teacher running batches out of a studio, a personal trainer who travels between clients' homes, or a fitness instructor who works across multiple gyms…
Indian weddings often involve substantial gifts of jewellery, cash, and other valuables given to the bride by her parents, in-laws, relatives and friends…
Chit funds remain a popular savings and borrowing mechanism in many parts of India, a group of subscribers contribute a fixed monthly amount, and each month…
Drone technology has opened up a niche but growing line of work, aerial photography and videography for weddings and events, drone-based surveying for real…
Translators and interpreters often work across borders by the nature of the job itself, translating documents for an overseas law firm, interpreting at a…
From houseboats in Alleppey and Kashmir to cottages in the hills and city apartments listed on Airbnb, short-term vacation rentals have become a meaningful…
Several companies now offer to pay car owners a monthly amount in exchange for wrapping their vehicle in branded advertising and driving around as usual. It…
Timeshare and vacation ownership memberships, where a buyer pays an upfront amount (and often ongoing maintenance fees) for the right to use resort…
Survey apps that pay a few rupees for answering questions, reward platforms that convert points into cash or vouchers, and microtask websites that pay small…
Long before YouTube and Instagram, blogging was the original creator economy, and for many bloggers it remains a steady source of income through display…
In cities with large student and working-professional populations, running a Paying Guest (PG) accommodation or a hostel has become a common small business…
Photographers and videographers, both hobbyists and professionals, increasingly upload their work to stock content platforms, earning a small royalty each time…
Creating an online course, writing an e-book, or designing digital templates (spreadsheets, presentation decks, design assets) and selling them through your…
Songwriters, composers, and music producers earn income through a web of royalty streams: streaming royalties from platforms like Spotify and YouTube Music…