Active Stocks

Thu Apr 18 2024 15:59:07

Tata Steel share price
160.00 -0.03%

Power Grid Corporation Of India share price
280.20 2.13%

NTPC share price
351.40 -2.19%

Infosys share price
1,420.55 0.41%

Wipro share price
444.30 -0.96%

Business News > Mint Authors > Parizad Sirwalla

Parizad Sirwalla

Mint Author

ARTICLES BY PARIZAD SIRWALLA

The maximum deduction is restricted to the amount of LTCG earned from sale of original property.

LTCG deduction available if the gains are used to buy properties

1 min read . 16 Apr 2024

Specified incomes includes income from provident fund withdrawal, dividend incomes, interest on securities, other interest incomes, etc.. (iStockphoto)

Can I get TDS relief with form 15H?

2 min read . 24 Mar 2024

It may be noted that India has a DTAA with Luxembourg, and hence the relevant beneficial provisions under the DTAA to mitigate the double taxation would also merit attention.

How will rent, MF capital gains be taxed?

2 min read . 11 Mar 2024

As per Fema, NRE accounts should be redesignated as resident accounts immediately upon the return of the account holder to India for taking up employment. (iStock)

Should NRE deposits be reported in ITR?

2 min read . 03 Mar 2024

LTCG is taxed at the rate of 20%, plus applicable surcharge and cess. (Photo: iStockphoto)

How to calculate tax on inherited property?

2 min read . 28 Jan 2024

Personal cash receipts which were withdrawn earlier are not required to be reported under the aforesaid field.

Which ITR form will help me declare my cash receipts?

1 min read . 23 Jan 2024

The Employee Provident Fund (EPF) Act and Scheme does not impose any restriction with regard to the timeline till which a member may keep EPF membership and thus remain invested in the Fund. (Pixabay)

What is the taxation on withdrawal of PF?

2 min read . 24 Dec 2023

Documents such as registered gift deed, copy of bank statements showing the transfers, etc. may be maintained for income-tax purposes.

What is the taxation on any gift via cash transfer to a relative?

2 min read . 30 Nov 2023

Considering the period of holding of the property is more than two years, any gain/loss arising from transfer of the same, shall be taxable as long-term capital gain or loss. (iStockphoto)

How are capital gains on property calculated?

2 min read . 19 Nov 2023

If the net consideration from sale of the original asset is less than the cost of the new asset, then the whole of such LTCG shall be exempt. (iStockphoto)

How do I claim tax exemption under 54F?

3 min read . 05 Nov 2023

In case of LTCG, benefit of indexation for cost inflation shall also be available. (iStockphoto)

How do we avoid tax on division of property?

2 min read . 15 Oct 2023

Any interest accrued on such accumulated balance post cessation of employment, shall however be taxable in your hands. (iStockphoto)

How is withdrawal of PF contribution taxed?

2 min read . 08 Oct 2023

The Income-tax Act, 1961 provides for clubbing of income of an individual’s spouse, minor child, etc. (iStockphoto)

How will my wife’s interest income be taxed?

2 min read . 24 Sep 2023

Any house in excess of the two chosen houses, which is self- occupied, shall be considered to be deemed let-out. (iStock)

How is income calculated for a house that is deemed let-out?

2 min read . 19 Sep 2023

The LTCG on foreign shares is taxable at 20%, besides the applicable surcharge and cess. (iStockphoto)

How sale of foreign shares is taxed in India

1 min read . 10 Sep 2023

There is a view prevailing that the term ‘retirement (whether on superannuation or otherwise)’ is wide enough to include resignation. (iStockphoto)

How will I be taxed for leave encashment?

2 min read . 03 Sep 2023

Rental income from a let-out residential house property is chargeable to tax under the head ‘income from house property’. (iStockphoto)

What is the taxation on rental income?

2 min read . 20 Aug 2023

How is sale of agricultural land taxed?

2 min read . 13 Aug 2023

AIS provides a comprehensive view of information for a taxpayer displayed in Form 26AS. (iStockphoto)

How you should use AIS to file tax returns

2 min read . 30 Jul 2023

A taxpayer can claim deduction of municipal tax paid from the gross rent to arrive at the annual value of the let-out property. (iStockphoto)

Is there exemption on rent in new regime?

1 min read . 23 Jul 2023