Name on pan card with initials - The real problem

In the PAN system, an individual’s name is stored in three separate fields - first name, middle name and last name/surname - and, by design,...

87A rebate applicable for debt MF - clarified

  Section 87A of the Income Tax Act has undergone significant interpretation and procedural changes, particularly concerning its applicabili...

Budget 2025: Changes in taxation of Alternative Investment Funds (AIFs)

  Unravel the complexities of Alternative Investment Funds (AIFs) with our detailed analysis of the Budget 2025 tax changes! If you're d...

Budget 2025: Changes in taxation of Unit Linked Insurance Policies (ULIP)

  Navigate through the complexities of ULIP taxation with our comprehensive breakdown of the Budget 2025 changes! If you've ever been ba...

Time limit for filing updated returns increased in Budget 2025

Discover the latest changes in tax filing procedures with the Budget 2025 update! This page delves into a significant enhancement that could...

Is 87A rebate applicable for capital gains after budget 2025?

  Dive into the latest tax updates with our deep dive into the Section 87A rebate post-Budget 2025! If you've been following the buzz ar...

For 12.5% tax on property sales, should we use purchase price or value on 1st April 2001?

  Does the Financial Bill clearly mention that for capital gains taxation at the new 12.5% rate, the cost of acquisition for the property wi...

Capital Gains Taxation Rules Ready Reckoner - Freefincal

A downloadable (PDF) comprehensive capital gains taxation rules ready-reckoner for Freefincal readers based on the amendments to the Finance...

The underestimated risk of encumbrance in real estate investing (which equity doesn’t have) - FreeFincal

  This is my article about the risks of real estate investing. It discusses the legal complexities and uncertainties associated with buying ...

Taxation of capital gains from Equity Oriented Fund of Funds (FoF) : FreeFincal

Taxation of capital gains from Equity Oriented Fund of Funds (FoF) - an interesting point in taxation law. Read the article here.

How to calculate LTCG with Grandfathering for equity shares that split - FreeFincal

I have seen many tax practitioners interpreting in such a way that the FMV is calculated by multiplying the highest price per share on 31-01...

How much capital gains tax should I pay if I have no other income source? - FreeFincal

How much capital gains tax should I pay if I have no other income source? A reader also asked if this rule applies to the new tax regime. Re...

Should Professionals or Business Owners File Form-10IEA for continuing in Old Tax Regime? - FreeFincal

Should Professionals or Business Owners File Form-10IEA for continuing in Old Tax Regime for AY 2024-2025 (FY 2023-2024)?  Whether people wh...

Investing in 80C instruments may help even if you don’t require them - FreeFincal

Situation where investments in products eligible under section 80C may be beneficial even if the net income is lower than the taxable limit....

Find out taxable EPF Interest with this calculator from FreeFinCal

 Finance Bill 2021 has proposed that employee contributions over 2.5 lakh will be taxed as per slab. Here is a simple illustration of how th...

Payment of difference between compound interest & simple interest in loan accounts on moratorium - FreeFincal

Following the Supreme Court’s direction, the government came up with a scheme to waive off interest on interest during the 6 month moratoriu...

How to fill Income-Tax ITR-2 Schedule-112A of Excel Utility

This method is not applicable from FY 2020-21 as the I-T Dept. has launched a new JSON utility which has an inbuilt method to import multipl...

How to fill Income-Tax ITR-2 Schedule-112A of Java Utility from Excel

This method is not applicable from FY 2020-21 as the I-T Dept. has launched a new JSON utility which has an inbuilt method to import multipl...

Learn about stock markets from Zerodha Varsity

Introduction to Stock Markets  CHAPTER 1: The Need to Invest CHAPTER 2: Regulators CHAPTER 3: Financial Intermediaries CHAPTER 4: T...

Income Tax - Life Insurance

Contrary to the general belief, not all insurance policies provide tax benefits. The most important provisions are listed below: Deduct...