I Want To Gift Shares Held By Me For Last 5-10 Years. Income Tax Rules Explained Eileen Lauer 2 months ago I wish to gift some of the listed shares held by for last 5-10 years to my HUF who will immediately sell them. The HUF will then buy a residential…
I Have Invested In Us Stocks And Coming Back To India. Income Tax Rule Explained Eileen Lauer 2 months ago I am a male NRI who retired and came back from US to India for good in Aug 2019 and am retired since then. I am a US citizen. My age is 66. Almost…
New income tax rules from 1st April 2022 for home loan borrowers — explained Eileen Lauer 3 months ago New income tax rules: After ushering into new financial year, a lot of changes income tax rules have been implemented from 1st April 2022.…
Income tax tweak that cryptocurrency investors must know during ITR filing Eileen Lauer 3 months ago Income tax rules for virtual asset investors has changed from today. As per new income rules from April 2022, a cryptocurrency investor will have to…
Income tax department notifies new forms for FY23. Details here Eileen Lauer 3 months ago Income tax return (ITR) filing: The income tax department of India has notified new ITR forms for the financial year 2022-23. The Central board of…
This is how cryptocurrency assets will be taxed from April 1 in India. 10 points Eileen Lauer 3 months ago Cryptocurrency assets will be taxed: From 1st April 2022, some changes in the income tax rules announced by Finance Minister Nirmala Sitharaman…
I received ₹9 lakh from 2 ULIP policies. What are the income tax implications? Eileen Lauer 3 months ago I have received about ₹9 lakhs from 2 tax ULIP policy matured after 10 years of investment in 2 policies. Are these receipts taxable? If taxable…
I plan to buy house by selling shares. Can some income tax exemption be claimed? Eileen Lauer 3 months ago I have two residential properties in my name bought more than 8 years back. I am planning to purchase another residential property in the next few…
Filing of return after due date Eileen Lauer 3 months ago One of my colleague opted for new tax regime for Assessment year 21-22 and paid tax accordingly. He forgot to file his ITR before due date. While…
I am selling one flat and buying another. Income tax rules explained Eileen Lauer 3 months ago I have two small residential flats. One was bought in 2001 and we lived in that until 2017, then moved to a smaller flat bought in 2016 by taking…