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Finance Insights — Page 46 of 67

Articles 1801–1840 of 2673, covering Income Tax and more.

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Income Tax
Tax on Crypto Mining & Staking Rewards in India

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…

Income Tax
Family Pension Taxation: Section 57(iia) Standard Deduction Explained

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…

Income Tax
Interest-Free or Concessional Loans from Employer: Perquisite Taxation Rules

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…

Income Tax
Is Alimony Taxable in India? Maintenance Payments Explained

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…

Income Tax
VRS Compensation Tax: Section 10(10C) Exemption Guide

When PSUs, banks, and large companies offer Voluntary Retirement Scheme (VRS) packages to reduce headcount, the compensation can run into tens of lakhs - but…

Income Tax
Can You Claim Both HRA and Home Loan Interest Deduction?

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…

Income Tax
Salary Structuring & Flexible Benefit Plans: Maximizing Tax-Free Components

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…

Income Tax
Children's Education & Hostel Allowance: Tax Exemption Rules

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…

Income Tax
Pre-Construction Interest on Home Loan: Section 24(b) 1/5th Deduction Rule

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…

Income Tax
Tax for Indian Residents Working Remotely for Foreign Employers or Clients

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…

Income Tax
Advance Rent Received: Tax Treatment & Timing Explained

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…

Income Tax
Reverse Mortgage Scheme: Income Tax Treatment Explained

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…

Income Tax
Surrendering a Life Insurance Policy or ULIP Before Maturity: Tax Implications

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…

Income Tax
Is Sale of Agricultural Land Taxable? Rural vs Urban Classification Explained

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…

Income Tax
Capital Gains Tax on Sale of Vacant Land or Plot: Complete Guide

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…

Income Tax
Joint Development Agreement (JDA): Capital Gains Tax Under Section 45(5A)

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…

FEMA & International Tax
TDS on Rent Paid to an NRI Landlord: Section 195 Explained

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…

Income Tax
EPS (Employees' Pension Scheme) Withdrawal: Tax Rules Explained

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…

Income Tax
Filing Income Tax Return for a Deceased Person: Legal Heir's Guide

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…

Income Tax
Income Tax for Doctors & Medical Professionals: Section 44ADA Presumptive Taxation

A doctor's income rarely comes from one source - hospital consulting fees, private clinic revenue, home visits, telemedicine, maybe a small diagnostic lab on…

Income Tax
Are Credit Card Rewards & Cashback Taxable in India?

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…

Income Tax
TDS on Prizes Won in Kind (Car, Gold, Property): Section 194B Grossing-Up Rules

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…

Income Tax
ESOP Tax Deferral for Eligible Startup Employees: Section 192(1C) Explained

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…

Income Tax
Dividend Stripping & Bonus Stripping: Tax Rules Under Section 94(7) and 94(8)

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…

Income Tax
Sweat Equity Shares: How They Are Taxed in India

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…

Income Tax
LTC Cash Voucher Scheme: Tax Exemption Rules Explained

Normally, claiming tax exemption on Leave Travel Concession (LTC) requires you to actually travel and submit travel bills. The LTC Cash Voucher Scheme…

Income Tax
Slump Sale Under Section 50B: How Selling Your Business as a Going Concern Is Taxed

When a business is sold as a whole, undertaking and all, for a single lump-sum price without putting a separate value on individual assets, the tax law treats…

Income Tax
Converting a Sole Proprietorship to a Private Limited Company: Tax Implications

As a proprietorship grows, many owners eventually convert it into a private limited company for limited liability, easier fundraising and a more credible…

Income Tax
Employer-Provided Laptops, Mobiles & Gadgets: Are They Taxable Perquisites?

Almost every salaried employee at some point uses a company laptop, a work phone, or gets to keep an old company device after an upgrade. Whether any of this…

Income Tax
ESOP Forfeiture and Lapse: What Happens for Tax When Options Expire Unexercised

Not every ESOP grant ends with a payday. Options can lapse unexercised, vested grants can be forfeited when you leave a company before a cliff, and sometimes a…

Income Tax
Post Office Monthly Income Scheme (POMIS): Is the Interest Taxable?

The Post Office Monthly Income Scheme is popular with retirees and conservative savers for its steady monthly payout and government backing. But many investors…

Income Tax
ESPP (Employee Stock Purchase Plan) Taxation in India: Discount, Perquisite & Capital Gains

Many employees of Indian subsidiaries of multinational companies get the option to buy shares of the foreign parent company at a discount through an Employee…

Income Tax
Advance Money Forfeited on a Failed Property Sale: Section 56(2)(ix)

Property deals fall through more often than buyers and sellers like to admit, and when they do, the earnest money or token advance the seller had collected…

Income Tax
Selling a Patent or Copyright as an Individual: How Is the Income Taxed?

An individual inventor, author or creator who monetises a patent or copyright can find the income falling under any of three different tax heads, capital…

Income Tax
Tax on Sports Awards and Prize Money: What Is Exempt Under Section 10(17A)?

When an Indian athlete wins an Olympic medal, the cash rewards that follow come from multiple sources, government schemes, state governments, sports…

Income Tax
Unexplained Cash Credits and Investments: Sections 68 to 69C Explained

A sudden large deposit in your bank account, an investment that does not match your declared income, or jewellery found during a search that you cannot account…

Income Tax
Selling Inherited Jewellery: How Capital Gains Tax and Indexation Work

Selling jewellery that has been in the family for decades raises a question many people get wrong: what is the cost for tax purposes when you yourself paid…

Income Tax
Medical Treatment Abroad: Income Tax Deductions and TCS on Foreign Remittance

Medical emergencies that require treatment abroad bring both a health crisis and a financial one, often involving large foreign currency remittances. Two…

Income Tax
Dissolution of a Partnership Firm: How Asset Distribution to Partners Is Taxed Under Section 45(4)

When partners decide to wind up a firm, or even when a single partner retires and takes assets in settlement of their capital account, the firm itself can end…

Income Tax
Income Tax Exemptions for Armed Forces and Defence Personnel in India

Members of the Indian Armed Forces, while subject to the same broad income tax framework as other salaried individuals, are entitled to a set of specific…