If you’re rebalancing your mutual fund portfolio in India, be aware that you’ll likely incur tax liabilities, even if you reinvest the proceeds. This applies whether you switch funds within the same Asset Management Company (AMC) or move to a different one. The Golden Rule: Switching = Redemption = Taxable Event Under Indian income tax … Read more
NRI Wins Major Capital Gains Tax Case in Delhi High Court! An NRI in the US faced a significant tax ordeal after selling a property in Pune for Rs 2 crore. Despite the buyer correctly deducting 20% TDS (Rs 18.68 lakh), a critical error in the TDS form plunged the NRI into a battle with … Read more
NABARD Launches ₹19,500 Crore Zero-Coupon Bonds: What Investors Need to Know The National Bank for Agriculture and Rural Development (NABARD) is set to issue ₹19,500 crore in zero-coupon bonds, a move recently notified by the Central Board of Direct Taxes (CBDT). This initiative follows the government’s approval of NABARD’s proposal to raise these funds. Key … Read more
It’s ITR filing season again! For the financial year 2024-25 (Assessment Year 2025-26), the Income Tax Department has already rolled out Excel Utilities, and people are starting to file. While online filing is still getting ready, if you’re a salaried individual, it’s generally best to wait for your Form 16. With more and more people … Read more