Introduction TRACES is an important online portal for anyone who deals with TDS or TCS compliance in India. It helps deductors, taxpayers, employers, companies, firms, and government offices manage TDS-related work online in a simple and organized manner. If you deduct TDS, file TDS returns, download Form 16 or Form 16A, check challan status, view […]
Income Tax
How to Choose the Right ITR Form
Introduction Filing an Income Tax Return starts with one important decision: choosing the right ITR form. Many taxpayers focus only on income, deductions, and refund amounts. However, they often ignore the form selection part. This mistake can create problems later. If you choose the wrong ITR form, the Income Tax Department may mark your return […]
Stamp Duty Value vs Actual Sale Value
Introduction When a person buys or sells an immovable property, such as land, building, flat, shop, or both land and building, two values play an important role. These values are actual sale value and stamp duty value. Many buyers and sellers focus only on the agreed sale price. However, the Income Tax Department also checks […]
Tax on Gift of Property in India
Introduction Indian families often transfer property through gift deeds. Parents gift flats to children, grandparents transfer ancestral land, and family members transfer shops or commercial spaces for family settlement. However, property gifting is not only a family decision. It also involves income tax, stamp duty, registration, clubbing provisions, and future capital gains. Therefore, you should […]
Taxation of Influencers and YouTubers in India
Introduction Influencers, YouTubers, bloggers, podcasters, online coaches, and content creators now form a major part of India’s digital economy. Many creators earn from YouTube AdSense, Instagram collaborations, brand promotions, affiliate links, online courses, live-stream gifts, merchandise, and paid reviews. However, this income is not casual income. The Income Tax Department treats creator income as business […]