Tag: LTCG

There’s no clarity on split shares’ taxation

The frequently asked questions (FAQs) released by the tax department on taxation of long-term capital gains (LTCG) under Section 112A didn’t cover the issue of...

Redeemed your MF? It’s important to report capital gains or losses in ITR

With companies starting to issue Form 16 to their employees, many individuals have begun the process of filing the income tax return (ITR) for the...

An NRI can file ITR and claim credit or refund due out of tax deducted in India

I am a non-resident Indian (NRI) living in the UK. We recently partitioned our ancestral properties and I got my share of ₹75 lakh. I...

Know how gains from intraday stock trading are taxed

Ever since the covid-19 pandemic set in, many people resorted to direct trading in stocks. Some of the brokerages have seen a surge in the...

How Esops from firms listed abroad increase compliance burden on employees

Just like start-ups are offering stock options to their employees, some multinationals listed abroad are also rewarding their employees with employee stock option plans (Esops)...

Selling inherited or gifted gold? You should know the tax rules

Most of us hold some amount of gold in the physical form, which we may have inherited or received as a gift from our parents...

Residential status determines benefits you can get under DTAA

I had bought tax-free bonds from the secondary market. Upon redemption at the maturity date, I will be making a loss to the extent of...

NRIs can remit up to $1 million from the sale of a property in a financial year

I am an Australian citizen. I had purchased a flat in Delhi 16 years back, which I want to sell. Will I need to pay...

Interest earned from PF after leaving a job is taxable in the hands of employee

I have investments in the dividend option of four equity-oriented mutual funds. I want to exit two funds to limit my tax liability. The two...

A buyer is required to cut TDS at 20% on LTCG from sale of property by NRI

I am a UK resident and my brothers in India divided our father’s property, and I inherited some land parcels. I may transfer it to...