Bitcoin at $118,000: Navigating Your Crypto Taxes in India for ITR 2025 July 11, 2025 Update: Bitcoin has soared to an incredible new all-time high, trading at an astonishing $118,055 (over ₹1 crore)! This marks a phenomenal 90% jump since July 11, 2024. While investing in Bitcoin and other cryptocurrencies comes with significant risks and … Read more
It’s time to get your tax ducks in a row! The Income Tax Department has officially kicked off the filing season for Assessment Year (AY) 2025-26 (Financial Year 2024-25) by releasing the Excel-based offline filing tools for ITR-2 and ITR-3. This means you can start preparing your tax returns now, well ahead of the September … Read more
You’re probably thinking your EPF interest is completely tax-free, right? Think again! Many salaried Indians are in for a rude awakening, as Budget 2021 changed the rules, and it could be costing you more than you realize. The Hidden Tax Trap: Exceeding the ₹2.5 Lakh Limit For years, the Employees’ Provident Fund (EPF) was considered … Read more
Tax-savvy investors now have a greener option: bonds issued by the Indian Renewable Energy Development Agency (IREDA) are officially designated as “long-term specified assets” under Section 54EC of the Income-tax Act, 1961. This means that, effective July 9, 2025, investing in IREDA bonds can help you gain an exemption from capital gains tax, while simultaneously … Read more
Indian Tax Authorities Scrutinize Jane Street for Potential GAAR Invocation New Delhi, India – Global proprietary trading firm Jane Street is under the scanner of Indian tax authorities, who are investigating whether the firm’s significant profits can be taxed in India under the General Anti-Avoidance Rules (GAAR). This probe follows a recent order by the … Read more
Good News for NSS Holders: No Need to Report Withdrawals in ITR for AY 2025-26 (If withdrawn after Aug 29, 2024) Are you a senior citizen, or anyone, who holds a National Savings Scheme (NSS) account, specifically the NSS-87 Account? If you’ve made a withdrawal recently, you might be wondering about its tax implications. Here’s … Read more
The tax filing season for Financial Year 2024-25 (Assessment Year 2025-26) is underway, and with over a crore returns already submitted, it’s crucial to pick the right Income Tax Return (ITR) form. While ITR-1 and ITR-4 utilities are currently active for e-filing, ITR-2 and ITR-3 are expected to be enabled soon. Good news for taxpayers: … Read more
India’s tax landscape is shaping up to be quite competitive in 2025, especially when you compare its new 30% top individual income tax rate to what other major economies are charging. For folks navigating global finances, whether you’re an NRI, a startup with international ambitions, or a high-net-worth individual, knowing where India stands can make … Read more
Given the current date and location, the provided information on Capital Gains Tax for mutual funds, effective July 23, 2024, is indeed highly relevant. As of today, July 9, 2025, these changes have been in effect for almost a year. Therefore, the post does not require rewriting for accuracy regarding the effective date. However, I … Read more
You’ve just finished another financial year, and as you gear up to file your Income Tax Return (ITR), you might feel a sense of calm, assuming your employer handled all your tax deductions. But hold on a second! What if you’re among the many salaried individuals who earn a little extra from other sources, like … Read more
