The upcoming FY26 tax filing season, with its September 15, 2025, deadline for individuals, means it’s time to get a handle on capital gains tax. Many Indian taxpayers end up paying more than they need to, often due to the complexity of the rules. But with a clear understanding, you can legally minimize your dues. … Read more
Selling an under-construction property, especially one with an existing home loan, involves specific financial and tax considerations that sellers should be aware of. The legal interpretation of such a transaction is key: it’s typically viewed as a “transfer of rights” rather than a direct sale of the property itself, as possession has not yet been … Read more
If you’re considering rebalancing your mutual fund portfolio by selling some units and reinvesting the proceeds, it’s crucial to understand the tax implications. Many investors assume that simply moving money from one fund to another, especially within the same fund house, might be tax-exempt. However, as explained by CA Foram Naik Sheth of NPV Associates … Read more
Is Form 16 enough for filing your Income Tax Return (ITR) this year (Assessment Year 2025-26 / Financial Year 2024-25)? The short answer is no. While Form 16 from your employer is a crucial document, it only tells part of your financial story. What Form 16 Covers (and Doesn’t): Form 16 is essentially your employer’s … Read more
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