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Business News > Mint Authors > Parizad Sirwalla

Parizad Sirwalla

Mint Author

ARTICLES BY PARIZAD SIRWALLA

Items like painting, plumbing, and new flooring may be allowed as improvements, but air-conditioners and personal-use items are usually excluded.

Can furnishing costs be added to a house's acquisition cost when selling?

2 min read . 19 Jan 2025

Generally, lending an asset is not construed as a ‘transfer’ in since ownership remains with the original holder. Image: Pixabay

What are the tax implications on gifted shares?

2 min read . 15 Dec 2024

The AD bank is required to issue a TCS certificate to you in Form 27D, which should also reflect in your Form 26AS and annual information statement.

How to reclaim TCS on funds remitted to the US

2 min read . 26 Nov 2024

Earlier, 31 July was the deadline for filing ITRs. Photo: iStock

Navigating the new tax regime: Should you stick to old regime for deductions?

1 min read . 17 Nov 2024

As per the provisions of the Income Tax Act, exemption towards HRA received from an employer can be claimed subject to fulfilment of certain conditions. (iStockphoto)

Can I claim a tax benefit on rent paid in the same city where I own a house?

2 min read . 16 Jun 2024

Any DTAA exemption would be required to be appropriately reported by filing of India tax return and relevant forms.

As a non-resident, what is the tax liability on exiting Indian MF investments?

1 min read . 19 May 2024

Reporting of RSUs in Schedule FA depends on the stage of vesting.

Tax time tactics: Reporting Reits, Invits, and RSUs

2 min read . 12 May 2024

LTCG arising from other capital assets are taxed as per the respective/applicable provisions and tax rates.

Will my capital gains below ₹5 lakh be taxed if I have no other income?

1 min read . 05 May 2024

Any gain or loss arising from sale of ELSS funds held for a period of more than 12 months prior to their sale is considered as long-term capital gain (LTCG) or long-term capital loss (LTCL).

How does ELSS taxation change if primary holder dies?

2 min read . 28 Apr 2024

If your physical stay in India during FY 2023-24 exceeds 59 days, you are likely to qualify as a ROR in India for FY 2023-24.

Tax impact of living abroad with NRI spouse

1 min read . 22 Apr 2024

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