Month: September 2025
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Section 117 of Companies Act 2013: Filing Resolutions and Agreements with ROC
Corporate governance in India has undergone significant transformation since the enactment of the Companies Act 2013. Among the various provisions that ensure transparency and regulatory compliance, Section 117 stands as…
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LONG TERM CAPITAL GAIN ON SALE of equity mutual funds and shares
1. Holding Period & Definition 2. Tax Rates & Exemption a) Sale on or after July 23, 2024 b) Sale on or before July 22, 2024 3. Annual Summary Table Sale Date LTCG Exemption…
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Short-Term Capital Gain (STCG) on Sale of Equity Shares
Short-Term Capital Gain (STCG) on Sale of Equity Shares is addressed under the Income-tax Act, 1961 as follows: For the Financial Year 2024‑25 (Assessment Year 2025‑26), here’s the framework for…
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How to Claim Rebate on Salary Arrears under Section 89(1)
When employees receive salary arrears, i.e., payments that pertain to earlier years but are received in a later year, the income tax liability for the year of receipt may significantly…
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Are You Doing Share Trading and Confused How to File Income Tax Return?
In the age of online trading and discount brokerages, more and more individuals are entering the world of stock markets. From casual investors to full-time traders, equity participation has significantly…
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How to File Income Tax on ESOPs in India – A Complete Guide for FY 2024-25
Understand how ESOPs are taxed at exercise and sale, and learn the step-by-step process to report them correctly in your Income Tax Return. 📌 What are ESOPs? Employee Stock Option…
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Foreign ESOPs for Indian Subsidiary Employees: Tax Filing Guide for Holding & Sale in ITR
In today’s globalized business environment, it’s increasingly common for employees working in Indian subsidiaries of foreign companies to receive Foreign ESOPs (Employee Stock Option Plans). While these can be lucrative…
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GST on Works-Contract Milestone Bills: Can Diesel, Site-Salaries & Other “Non-GST” Costs Be Carved Out?
1. Why this issue matters When you set up a new factory, the civil contractor usually quotes a lump-sum BOQ covering concrete, structural steel, embedded plant foundations, on-site diesel for…
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Thinking New Tax Regime Means No Savings? These Deductions Prove You Wrong!
From FY 2023-24 onwards, the New Tax Regime under Section 115BAC has become the default tax structure in India. It offers lower slab rates but denies most common deductions available…
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Mandatory Investment Compliance for Trusts under Section11(5) – Complete Guide
Charitable and religious trusts in India enjoy significant tax exemptions under Section 11 of the Income-Tax Act. However, these benefits come with strict compliance requirements regarding how their funds are…
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