Tax filing, ITR forms, deductions, and tax-saving strategies for Indian taxpayers.
EPF interest on contributions above Rs 2.5L per FY is taxable (Budget 2021 rule). EPFO splits into Account-1 tax-free and Account-2 taxable. Strategy + worked examples.
Mutual fund STP and SWP tax treatment: each installment is a redemption event. Strategic SWP from equity funds for tax-free income up to Rs 1.25L LTCG exemption.
REIT and InvIT taxation India: 4-component distribution (interest, dividend, rent, capital return), each taxed differently. ITR reporting, capital gains rates.
Property LTCG indexation rollback: choose between 12.5% no-indexation or 20% with-indexation (whichever lower). For pre-23-July-2024 purchases. NRIs excluded.
STT on F&O hiked 60% from 1 Oct 2024: options 0.0625% to 0.1%, futures 0.0125% to 0.02%. Real cost impact for active traders, deductibility, offset strategies.
Income Tax Act 2025 replaces 1961 Act effective FY 2026-27. Tax Year concept, plain language, 536 sections vs 819. What stays + what changed.
Salary perquisites tax India: rent-free accommodation, company car, club, ESOPs, mobile, free meals, gifts. Valuation under Rule 3, tax-free items, Form 12BA.
Income tax refund tracking India: process, timeline 3-8 weeks, bank pre-validation, common delays, Section 244A interest, Section 154 rectification, e-Nivaran escalation.
F&O is non-speculative business income; intraday equity is speculative. Both filed in ITR-3 at slab rates. Loss set-off rules, tax audit thresholds, examples.
Presumptive taxation 44AD (small business), 44ADA (professionals 50 percent), 44AE (transport). Turnover limits, lock-in, no books, no audit, ITR-4 Sugam.
LTA Leave Travel Allowance India: claim twice per 4-year block, domestic only, travel fare exempt. Block 2022-2025 + 2026-2029, carry-forward, worked example.
Section 80DD (dependent disability), 80U (self disability), 80DDB (specified illnesses): fixed and actual-expense deductions, eligibility, documentation, old regime only.