Income Tax

What are ESOPs and Tax on Sale of ESOPs? (with Examples)

ESOP stands for Employees Stock Option Plan. As the name suggests, this is an option given to the employees to become the shareholders of the company. This option can be exercised… Read more

TDS on Purchase of Property from NRI – Section 195

When purchasing a property from NRI – TDS is required to be deducted on Capital Gains and not on the Sale Price. The Procedure, TDS Rate and compliances are very… Read more

income-tax-return-due-date

How to file Income Tax Return (ITR) after Death of Taxpayer?

If a person dies during the year, and has earned some income during that year, it is necessary to file income tax returns even after his death. As per the… Read more

Small dealers and Composition Scheme : Right from the pages of GST Law

“Composition means componere, meaning “put together”. One of the  feature of Indirect Tax laws is that in order to provide a comfort to assessee from complying with the requirement of… Read more

long-term-capital-gain

Should you purchase Capital Gain Bonds of NHAI & REC to save Tax?

The Gains that arise on the sale of a Long Term Capital Asset are known as Long Term Capital Gains and Capital Gains Tax is levied on such gains. However… Read more

0% Tax on Dividends received from Indian Company/ Mutual Fund

  The dividends received from any Indian Company upto Rs. 10 Lakhs are tax free in the hands of the investors under Section 10(34). However, the dividends received from any Mutual… Read more

long-term-capital-gain

Computation of Short Term & Long Term Capital Gain Tax on Property

At the time of Sale of any Real Estate Property, Tax is liable to be paid on the Gains earned on the sale of the Real Estate Property. Such Gains… Read more

Tax Implications of Dividend Stripping (with Examples)

Dividend stripping is the practice of buying a share/mutual fund units, just before the declaration of dividend and then selling it off right after the receipt of dividend, when the… Read more

Loss from House Property

TDS on Property Sale @ 1% under Section 194IA

The Indian Finance Minister while announcing the Budget 2013-14 introduced TDS on Property @ 1% on all Immovable Property Transactions over Rs. 50 Lakhs under Section 194IA. Reason for Introduction of… Read more

Why is Cess and Surcharge levied separately?

The Constitution of India grants the power to the Union to raise revenue by levying cess. Article 270 of Constitution of India states that the Government can collect tax in… Read more