Made a Mistake While Filing ITR? Here’s What You Can Do

If a taxpayer makes a mistake in the income tax return (ITR)…

Tax Query: How can I set off business loss against other income sources?

I have a loss from the business of trading in futures and…
Tax

Tax implications of tendering shares in a buy-back of a listed company

A company can buy-back its shares from the existing shareholders to reduce…
Tax Exemption

Tax Query: Which data can I report in ITR by interchanging PAN with Aadhaar?

I am filing my income tax return for the AY 2020-21. I…
Tax

What is your capital gains tax? How do you report in the ITR?

The gains on the sale of a capital asset are taxable as…
Tax

Scrip-wise details only for LTCG grandfathered up to 31 January 2018

Investors and traders need not provide scrip-wise details of capital gains or…

Government Introduces Faceless Appeal Scheme 2020 for IT appeals

The Government has introduced Faceless Appeal Scheme 2020 with effect from 25…
Tax Exemption

ITR filing due dates extended under the Taxation Bill 2020

The Parliament has passed The Taxation and Other Laws (Relaxation and Amendment…

Tax Query: What is my income tax liability from intraday trading in shares?

I carry on trading in equity shares on the stock exchange on…