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Business News > Mint Authors > Mahesh Nayak

Mahesh Nayak

ARTICLES BY MAHESH NAYAK

No deduction is available against the capital gains arising on the sale of a residential property on repayment of an education loan.

Can I pay off loan with home sale proceeds and get capital gains tax exemption?

2 min read . 30 Nov 2025

Senior citizens (age 60 years and above) without any income from business or profession are not required to pay advance tax.

Should I pay advance tax if income is below ₹12 lakh under new regime?

2 min read . 07 Nov 2025

A person can be considered a resident in India even if they spend fewer than 182 days in a year, as long as they stay at least 60 days in that year and 365 days or more in the previous four years. (Pixabay)

Travel frequency, not just days, key to tax residency

2 min read . 06 Oct 2025

If a family member receives family pension, it is taxable as income from other sources for that person.

How to file ITR for a deceased parent?

2 min read . 15 Sept 2025

Expert advice on calculating taxes and filing returns after selling different floors of an inherited house. (Image: Pixabay)

Capital gains liability on selling different floors of an inherited house

2 min read . 31 Aug 2025

A change in the method of accounting for bank FD interest is permissible in law, but only if it is consistently followed in future as well.

Tax records show full interest in a prematurely ended FD. How do I rectify it?

3 min read . 10 Aug 2025

Under the new tax regime, a rebate up to ₹25,000 under Section 87A is available if total income is below ₹7 lakh.

I'm a senior who earns from interest and capital gains. How do I calculate tax?

2 min read . 20 Jul 2025

Amounts received from friends could be considered as taxable in your hands as they are not received from relatives. (Pixabay)

Will money crowdfunded from relatives, friends to pay medical bills be taxed?

2 min read . 01 Jun 2025

The most critical part of setting up a trust is identifying a trustworthy and capable trustee who can ensure your child’s well-being and financial security over the long term. (Pexels Photo)

What tax benefits are available for parents of autistic children?

2 min read . 25 May 2025

The amount will be taxable as salary if it was paid to you in connection with your services rendered during employment or in connection with the termination of your employment.. (Pixabay)

Ex gratia I got at the time of layoff was taxed. Can I get refund?

2 min read . 18 May 2025

Withdrawals for personal use may be treated as partial partition, which isn’t recognized under India's income tax law.

HUF withdrawal rules: When it may be seen as a partition

3 min read . 13 Apr 2025

Can the tax authorities find the mismatch between TDS declaration and the annual income statement (AIS) in the ITR?

My CA didn't add two TDS amounts in my ITR. How can I claim that?

2 min read . 31 Mar 2025

One can easily compute the amount of gains yourself by accessing your account statement.

Tracking gains: How to check equity MF profits before redeeming

2 min read . 02 Feb 2025

The taxability of the accumulated balance of EPF on withdrawal depends on your period of employment and would not depend on your age at the time of withdrawal. Image: Pixabay

What is the process to merge two EPF UANs?

2 min read . 05 Jan 2025

Unlike dividends, interest or other income, tax treaties generally do not exempt rental income from an immovable property situated in India, (iStockphoto)

How can tenants of NRIs apply for TDS reduction?

1 min read . 08 Dec 2024

When an NRI returns to India and becomes a resident, he is required to convert all his non-resident accounts into resident accounts by informing the concerned bank of the change in his residential status. Image: Pixabay

Can an NRI-turned-resident freely repatriate FCNR FD?

2 min read . 01 Dec 2024

The buyer holds the primary responsibility for collecting tax from an NRI seller. (Image: Pixabay)

What’s the TDS when buying property from an NRI?

1 min read . 06 Nov 2024

While reducing your PF contribution, you need to keep in mind that the employee contribution cannot be lower than the employer contribution. Image: Pixabay

Is EPF's exempt-exempt-exempt tax status applicable under the new tax regime?

2 min read . 03 Nov 2024

The Bombay High Court has clarified that even if the alimony is directly paid by the husband’s employer, the entire salary remains taxable in the hands of the husband, with no deductions allowed for alimony payments made to the former spouse. (Image: Pixabay)

Is alimony tax-deductible?

1 min read . 06 Oct 2024

If the property was acquired prior to 1 April 2001 by your father, you can consider the fair market value as on such date as the cost of acquisition, if such fair value exceeds the actual cost.

Property inheritance made clear: Tax advice for the next generation

2 min read . 30 Sept 2024