In a significant relief for taxpayers, the Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax Returns (ITRs) for Financial Year (FY) 2024-25 (Assessment Year 2025-26) from July 31, 2025, to September 15, 2025. ITR Filing Date Extended, this decision comes amid major revisions in ITR forms, delays in utility roll outs, and the need for accurate […]
Capital Gain Tax on Sale of Property
Capital gains on property refer to the profit realized from selling real estate at a price higher than its purchase cost. In India, the tax treatment of capital gains from property sales is determined by the holding period of the asset prior to its sale. In this article I have explained in detail about the […]
TDS On Interest U/s 194A: Rates, Exemptions & Computation
Section 194A of Income Tax Act deals with TDS On Interest U/s 194A on Interest other than interest on securities. On which income section 194A is applicable? It is applicable on interest other than interest on securities. It covers interest received from banks, post office, cooperative society. It excludes interest on securities. Securities means shares, […]
Tax Harvesting Complete Guide
Tax harvesting in India is a strategy used by investors to reduce their tax liability by selling securities at a loss to offset capital gains. This is particularly useful for individuals investing in stocks, mutual funds, and other capital assets in taxable accounts. In your portfolio you can have shares which you have purchased for […]
Digital Signature: Everything You Need to Know
A digital signature is a cryptographic mechanism that enables a person or organization to sign electronic documents securely. It ensures the authenticity, integrity, and non-repudiation of digital communications. Digital signatures use encryption technology to verify that a document has not been altered and that it comes from the stated sender. Unlike traditional handwritten signatures, which […]