Income Tax

Are You a Tax Resident of India? Guide with Day Count, NRI Rules & M. Gulati Ruling

Income Tax /

Reading Time: 4 minutesUnderstand India’s tax residential status rules – 182 days vs 120 days, NRI taxation, and the landmark M. Gulati case. Learn how job-hunting days abroad impact your NRI status. 👤 Q1: What actually determines your tax residential status in India?✅ Answer:Your number of days in India during a financial year (April to March). The basic […]

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F&O Income Tax Guide 2025 – ITR Filing, Audit Rules, Advance Tax & Deductions

Capital Gain, Income Tax /

Reading Time: 3 minutesLearn how Futures & Options (F&O) income is taxed in India. Understand ITR forms, turnover calculation, audit limits, deductions, advance tax & FAQs with Income Tax Dept links. 🔵 Q1: F&O income kis head mein aata hai – capital gains ya business income? A: Great question! F&O trading is considered non-speculative business income under Section

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💡 Taxing Digital Marketing in India: 44AD vs 44ADA Made Simple

Income Tax /

Reading Time: 3 minutes👨‍💻 Whether you’re a solo SEO guru or running a full-blown agency, getting your tax classification right is critical. Q1: How is digital marketing income taxed in IndiaA: Digital marketing income is taxed primarily under two presumptive taxation schemes:• Section 44ADA – For professionals offering specialized, skill-based services.• Section 44AD – For structured businesses and

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Foreign Tax Credit (FTC) in India – Complete Guide for Residents 2025

Income Tax /

Reading Time: 4 minutesLearn how Indian residents can claim Foreign Tax Credit (FTC) to avoid double taxation on global income. Covers eligibility, DTAA rules, Form 67 process, refund adjustments, and official documentation requirements. 📘 Foreign Tax Credit (FTC) for Indian Residents: Your Ultimate Guide 🌍 Working or investing abroad? You might be paying taxes in both countries! Thankfully,

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Minor PAN Card in India: Complete Guide for Parents & Guardians (2025)

Income Tax /

Reading Time: 3 minutesEverything you need to know about Minor PAN Cards in India — from eligibility and documents to how to apply online or offline, and steps to update after 18. By CA Bhavesh Panpaliya. 1. What exactly is a Minor PAN Card – and can a child really have one?Absolutely!A Minor PAN Card is a special

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Gifting Money to Spouse in India – Tax Rules, Clubbing & Smarter Alternatives

Income Tax /

Reading Time: 4 minutesLearn why gifting money to your spouse in India may cost you more in taxes under clubbing provisions. Discover legal loan strategies to save more tax. Why Gifting Money to Your Spouse May Cost You More in Taxes — And What You Can Do InsteadQ1: Is gifting money to my spouse tax-free in India?Yes, under

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What is an HUF? Transfer Assets, Tax Benefits & Clubbing Explained (2025)

Income Tax /

Reading Time: 3 minutesLearn how to transfer assets to a Hindu Undivided Family (HUF), avoid clubbing provisions, and maximize tax benefits using inheritance, wills, and loans. Expert insights by CA Bhavesh Panpaliya. 📥 How to Transfer Assets to an HUF? Assets can be transferred to an HUF in three common ways: Inheritance – from deceased relatives Will –

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Income Tax Notices for Salaried Employees| Avoid Tax Notices in 2025

Income Tax /

Reading Time: 3 minutesLearn why large cash deposits and high-value transactions trigger Income Tax Department scrutiny. Discover SFT limits, penalties, documents required, and how to stay compliant. 🔍 Introduction: Why Is the Taxman Watching Your Bank Account? If you’ve ever deposited a large sum into your bank account and wondered, “Will the Income Tax Department notice?” — the

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🔍 Real-Time Cross-Verification in Tax Compliance: Explained

Income Tax /

Reading Time: 2 minutesIncome Tax Verification in real time cases. Q: What’s “Real-Time Cross-Verification” and why should I care?A: Imagine you claim a ₹2 lakh donation deduction today, and the system instantly checks if that NGO is approved, matches the payment with your bank data, and verifies it wasn’t cash — all in seconds.That’s real-time cross-verification. The Income

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