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Finance Insights — Page 47 of 67

Articles 1841–1880 of 2673, covering Income Tax and more.

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Income Tax
Converting Physical Share Certificates to Demat: Does It Affect Your Capital Gains Tax?

Many investors hold old paper share certificates inherited from parents or bought decades ago, often before demat accounts existed. Converting these into…

Income Tax
Director's Remuneration: Salary, Sitting Fees and Professional Fees - How Each Is Taxed

Whether a director is paid through salary, sitting fees, or a professional fee arrangement changes which TDS section applies, which ITR head the income falls…

Income Tax
Renting Out a Building Along with Plant, Machinery or Furniture: How Composite Rent Is Taxed

A landlord who rents out a fully furnished flat, a shop with fixtures, or a factory shed along with machinery, often receives one combined rent cheque every…

Income Tax
Loan Settlement or One-Time Settlement (OTS): Is the Waived Amount Taxable?

A one-time settlement with a bank can feel like a fresh start, but the portion of the loan that gets waived is not automatically tax-free. Whether it counts as…

Income Tax
Converting a Capital Asset into Stock-in-Trade: How Section 45(2) Taxes the Switch

A plot of land bought years ago as an investment, later used by its owner to launch a small real estate development venture, does not need to be sold to an…

Income Tax
Crowdfunding in India: How Reward-Based, Donation-Based and Equity Crowdfunding Are Taxed

Crowdfunding platforms have made it easy to raise money for a creative project, a medical emergency, or an early-stage business idea. But the Income Tax Act…

Income Tax
Retrenchment Compensation and Severance Pay: How Much Is Tax-Exempt Under Section 10(10B)?

Losing a job is stressful enough without having to figure out whether the compensation you receive on the way out is taxable. Retrenchment compensation gets a…

Income Tax
Crypto Airdrops in India: How Free Tokens Are Taxed When Received and When Sold

An airdrop that lands free tokens in your wallet feels like a windfall, and from a tax perspective, that is exactly how it is treated, twice over. Once when…

Income Tax
Compensation for Delayed Possession from a Builder: Is It Taxable Income?

Years after booking a flat, many homebuyers finally get possession along with a cheque for 'delay compensation', sometimes under a builder-buyer agreement…

Income Tax
Selling Your 'Right to Buy' a Flat Before Possession: How Assignment of Booking Rights Is Taxed

Many buyers book a flat in an under-construction project and, before it is even built, decide to sell their booking to someone else through a nomination or…

Income Tax
Renting Out a Parking Space, Garage or Godown: Which Head of Income Applies?

Renting out a spare parking slot in your apartment complex or a godown attached to your factory seems like simple rental income, similar to renting out a flat…

Income Tax
EPF Interest on Contributions Above Rs 2.5 Lakh: How the Taxable Portion Is Calculated

For decades, interest earned on your Employees' Provident Fund balance was simply tax-free, full stop. That changed a few years ago for high earners, and the…

Income Tax
Selling Your Personal Car: Why It Is (Usually) Not Subject to Capital Gains Tax

A car is one of the few valuable things most people own that almost always loses value over time, which is exactly why nobody worries about capital gains tax…

Income Tax
Employer-Sponsored Education and Training: Is It a Taxable Perquisite for the Employee?

An employer offering to fund an employee's executive MBA, a professional certification, or a specialised training programme sounds like a pure win for the…

Income Tax
Employee Expense Reimbursements: Which Ones Are Taxable and Which Are Exempt?

Many salary structures include a basket of 'reimbursement' components, medical bills, fuel, telephone, books and periodicals, that employees assume are…

Income Tax
Inoperative PAN: What Happens to Your Tax Filing, TDS and Refunds If PAN-Aadhaar Linking Is Not Done

If your PAN has become inoperative because it was never linked to Aadhaar, the consequences go well beyond a vague compliance warning. It can mean tax deducted…

Income Tax
Renting Your Land for a Mobile Tower or Solar Plant: How Is the Rent Taxed?

A mobile tower or a small solar installation on a corner of your land can mean a steady monthly cheque for years. Before that income gets bundled into 'rent'…

Income Tax
Interest on Your Income Tax Refund: Is It Taxable, and How Do You Report It?

Getting a tax refund with a little extra interest tacked on feels like the rare occasion the tax department pays you. But that interest component is itself…

Income Tax
Selling a Domain Name, Website or Online Business: How Is the Profit Taxed?

Domain flipping, selling an established blog or a monetised YouTube channel, or exiting a small online business entirely, these are increasingly common ways…

Income Tax
Correcting Your PAN Details: Does a Name Change or Address Update Affect Your Tax Filing?

A PAN is meant to be a permanent identifier, the 'P' literally stands for Permanent, but the details linked to it, your name, address, date of birth spelling…

Income Tax
How India Taxes Foreign Sportspersons and Entertainers Performing or Competing Here

Most of our coverage of cross-border taxation looks at it from the perspective of Indian residents earning abroad. This article flips that around: when a…

Income Tax
Selling SIP Mutual Fund Units: Why FIFO Decides Which Units Are 'Sold' First for Tax

Every SIP instalment you invest creates a separate 'lot' of units, each with its own purchase date and price. When you redeem only part of your holding, the…

Income Tax
Diwali Gifts, Vouchers and Hampers From Your Employer: When Do They Become Taxable?

A gift hamper around Diwali, a gift card for a festival, or a small token given on a work anniversary all feel like goodwill gestures rather than 'salary'. But…

Income Tax
Received Shares or Mutual Fund Units as a Gift? Here Is How Your Capital Gains Are Calculated When You Sell

A parent transferring shares to an adult child, or a grandparent gifting mutual fund units to a grandchild, is usually a tax-free event at the time of the gift…

Income Tax
Renting Out Machinery, Plant or Equipment: Which Head of Income Applies?

Someone who owns a generator, a JCB, or factory machinery and rents it out when not in use is earning income that does not fit neatly into the house property…

Income Tax
Employer-Subsidised Home Loan Interest: How This Benefit Is Taxed as a Perquisite

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 Tax
Earning From Private Tuitions or Coaching Classes: How Is This Income Taxed?

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…

Income Tax
Own a Property Abroad? How Rental Income From Foreign Real Estate Is Taxed for Indian Residents

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…

Income Tax
Converting Preference Shares Into Equity Shares: How Are Capital Gains Calculated?

Convertible preference shares are designed from the outset to eventually become equity shares, on a pre-agreed ratio and timeline. The moment of conversion…

Income Tax
Reclaiming Shares and Dividends Transferred to IEPF: What Are the Tax Implications?

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…

Income Tax
Keyman Insurance Policy: How Premiums and Maturity Proceeds Are Taxed for the Company and the Key Person

Many businesses depend disproportionately on a handful of key individuals, a founder, a top salesperson, a technical expert whose departure or death could…

Income Tax
Section 89A Relief: How Income From Your Foreign Retirement Account (401k, IRA) Is Taxed When You Return to India

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…

Income Tax
Foreign Nationals Working in India: How Are Expatriate Employees Taxed?

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…

Income Tax
Sold Property Below the Stamp Duty Value? Why the Tax Department May Still Tax You on the Higher Figure

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…

FEMA & International Tax
Receiving a Cash Gift From an NRI Relative: Is It Taxable, and How Should It Be Received?

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…

Income Tax
Got Paid Not to Compete? How Non-Compete Compensation Is Taxed

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…

Income Tax
Selling Your Professional Practice? How Goodwill Is Taxed When a Doctor, CA or Lawyer Exits

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…

Income Tax
Renting Out Your Truck or Commercial Vehicle: Which Head of Income Applies, and Can You Use Presumptive Taxation?

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…

Income Tax
Bought Digital Gold on a Payments App? Here Is How Selling It Is Taxed

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…

Income Tax
Lending Out Your Shares Through the SLB Mechanism: How Is the Lending Fee Taxed?

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…