The due date for filing your income tax return if you are an individual taxpayer is 31st July 2018. However in case you are engaged in any business or profession and your accounts are subjected to tax audit, the due date gets extended till September 30. Even for a working partner in a partnership firm, the […]

The ‘Grandfathering’ clause is a special provision by which any entity can be exempted from a new law, rule or regulation. Usually, grandfathering is extended only to a limited number of people. Such a provision is generally made in a bid to allow new regulations to be enforced without creating a chaos in the existing […]

Capital gains made from these investments are subjected to differing levels of taxation in India. Since the tax liability on profits impacts overall returns, it is essential to analyse this aspect before committing funds to any asset class. Capital gains can be classified as either short-term capital gains (STCG) or long-term capital gains (LTCG). The […]

If a taxpayer does not disclose part or whole of his income, or provides inaccurate details of his income in his returns, he can be penalised. However a mere change in head of income does not attract any penalty.

According to Analysts, this whole episode of Interim Dividend Payout is to skip this tax.