As we enter the last month of the current fiscal year, for this week let us examine an important yet often overlooked aspect of the tax return filing process the adjustment of losses. The Income Tax Act allows the taxpayer under certain conditions ... The Freepress Journal, 1 week ago
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How are non-resident ordinary (NRO) fixed deposits taxed? What is the tax on capital gain on mutual fund (MF) bought by foreign exchange from an NRO account? The interest income from a fixed deposit held in an NRO account is taxable in India at ...Livemint.com, 2 weeks ago
By Tensing Rodrigues I have a small query. I had purchased a flat in 2002 for an amount of Rs 4,95,000. Now I am selling it for Rs 14,00,000. I would like to know how much income tax I need to pay. I will appreciate if you reply by email or over ...Navhind Times, 4 weeks ago
0 Flares 0 Flares × With the stock market touching 20,000 points once again, it's no surprise that equities has once again become everyone's favourite investment instrument. Income funds on the other hand because of the high interest rate ...The Freepress Journal, 4 weeks ago
Are taxation rules different for non-resident Indians (NRIs) when they are investing in mutual funds (MFs) in India? If so, what should I be aware of? —John DSouza Income from MFs could take two forms—dividends and capital gains. Any ...Livemint.com, 1 month ago
I have recently acquired US citizenship. I want to buy a property in India. What will be my tax status/liability when I sell the same property? —Jason Pinto Any income earned from the sale of property situated in India would be treated as ...Livemint.com, 1 month ago
We sold an ancestral agricultural land a few months back in Coimbatore. Is there any applicable tax that needs to be paid for such a sale? —Rajan Nambiar For capital gain purposes, agricultural lands situated in specified areas are not ...Livemint.com, 1 month ago
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