
While the goal of these changes is to simplify the tax structure, they will significantly impact traders and stock market experts

The revised tax slabs in the Budget provide relief to individuals earning between 3 lakh rupees and 12 lakh rupees, and above

Cost Inflation Index is used to calculate the real profit from sale of a capital asset like property, gold, unlisted shares by adjusting to inflation

Compared to other tax-saving products like PPF , tax-saving FD and NSC with a 5-year lock-in, ELSS stands out due to its relatively lower lock-in peri

There are three main asset classes that these schemes often invest in: equities, debt, and gold

There has been a significant rise in the number of Indians betting online in recent years.

It is universally true that any simple tax system leads to better compliance and the government must strive for it on both direct and indirect taxes.

A tax return should be filed in the Assessment Year, which is the year after the end of a financial year

Investors must bear in mind an implied guarantee by a state government will not allow its municipal corporation to default on its debt obligations

Employer-provided concessionary loans have tax implications as a perquisite