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Business News > Mint Authors > Parizad Sirwalla

Parizad Sirwalla

Mint Author

ARTICLES BY PARIZAD SIRWALLA

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?

2 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

Interest accrued on the accumulated balance, post the period of cessation of employment is taxable. (iStockphoto)

How is the tax on EPF interest calculated?

2 min read . 18 Jul 2023

The sale of such ancestral flat (original asset) would be considered as a sale of long-term capital asset. (iStockphoto)

How is the sale of ancestral property taxed?

2 min read . 18 Jul 2023

It is advisable that you declare all the above transactions in your ITR form and carry out the required procedures and audits, if applicable, irrespective of whether you want to claim or carry forward the losses from these transactions or not (Pradeep Gaur/ Mint)

Which ITR form should I use to file returns?

2 min read . 18 Jul 2023

You may check the status of the processing of the tax return from your income-tax e-filing account. (iStockphoto)

What is the deadline for getting tax refunds?

2 min read . 19 Jun 2023

Once an EPF account becomes inoperative, no interest is credited further from that date. (iStockphoto)

When does your PF stop accruing interest?

2 min read . 19 Jun 2023

Is the amount gifted by your spouse taxable?

2 min read . 09 Jun 2023

How is withdrawal of funds from PF taxed?

How is withdrawal of funds from PF taxed?

2 min read . 09 Jun 2023