For the upcoming Income Tax Return (ITR) filing for Assessment Year (AY) 2025-26, a common question among small equity investors is whether they can achieve zero tax liability under the new tax regime, especially if their income includes Short-Term Capital Gains (STCG) and Long-Term Capital Gains (LTCG) from equity mutual funds and shares. Understanding the … Read more
Decoding Long-Term Capital Gains Tax for ITR 2025 (FY 2024-25) Taxpayers who sold capital assets, such as property or jewellery, during the financial year 2024-25 (Assessment Year 2025-26) are liable for capital gains tax. Significant changes to these provisions, effective July 23, 2024, streamline holding periods and introduce new tax rates. Understanding Long-Term Capital Gains … Read more
Did you miss India’s July 23rd tax rule change? You might be overpaying capital gains on your ITR 2025! If you’ve sold a house, shares, gold, or other capital assets recently, especially during the Financial Year 2024–25, pay close attention. A major shift in India’s capital gains tax structure, introduced by the Finance (No. 2) … Read more
Delhi Post Offices Temporarily Closed for Digital Upgrade Today Many post offices across Delhi are shut today, Monday, July 21, 2025, as the Department of Posts rolls out a major digital upgrade to its computer system, “Application for Post Office Transactions 2.0.” This essential downtime will help the postal network handle services faster and more … Read more
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
Expect Delays: Income Tax Refunds to Be Slower This Year Taxpayers with diverse income streams, including those with capital gains or business income, should prepare for potential delays in their income tax refunds this year. The primary culprits are the late release of crucial ITR-2 and ITR-3 forms and a new, more stringent verification process … Read more