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You can withdraw entire NPS corpus lumpsum if Rs 5 lakh or less but 40% will be taxable
The Pension Fund Regulatory and Development Authority (PFRDA) easedthe process of withdrawing corpus from National Pension System (NPS) for investors earlier. As per the rules, an NPS subscriber can withdraw entire corpus as lumpsum if it does not exceed Rs…
The change needed in capital gains taxation
When such a tax used to be there before 2005, it had an indexation facility. Now, all other long-term capital gains taxes in our country have indexation except this one. There’s no valid reason for this at all.
What is NFT under Income-tax Act and how they are taxed
The Government of India amended the Income-tax Act, 1961, to tax and regulated the incomes and profits under from various virtual digital assets. These digital assets have been defined in exhaustive manner i.e., crypto assets, NFTs or any other token…
You can get personlised support from income tax helpdesk: Here’s how
According to the income tax department’s website, here’s a quick rundown of what co browsing is and how it benefits taxpayers.