Monday, February 22, 2021

income tax

Your Queries – Income Tax: Gifting moveable property to relatives does not trigger taxation

It is advisable you and your wife make correct disclosure of income from mutual funds in your respective ITRs and maintain proper documentation.By Chirag NangiaI intend to gift all my share holdings to my son who is unemployed...

Your Queries (Income Tax): Tax audit of business income from derivative trading if turnover above Rs 1 cr

The exemption is allowed only if an assessee does not own more than one residential house property on the date of transfer. By Chirag NangiaA central government employee has made F&O trading loss of Rs 9 lakh on...
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COVID-19 latest updates: India reports 14,199 new cases, 83 fresh fatalities in last 24 hours

India's total tally of COVID-19 cases surpassed 1.10 crore with 14,199 new infections being reported in a day,...
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