Archives

Income tax on Profit/ Loss from Intraday share trading
Information
CA. Kavit Vijay

Income tax on Profit/ Loss from Intraday share trading

Trading in the share market has increased a lot and not only persons who are engaged in hardcore share trading, other persons also invest funds in the share market. Every income in India is liable to Income tax. Similarly, profit or loss earned from share trading is also liable to income tax.

Read More »
Gifts received by Individual/HUF- Taxation & Exemption under Income Tax Act, 1961
Information
CA. Kavit Vijay

Gifts received by Individual/HUF- Taxation & Exemption under Income Tax Act, 1961

To provide some clarity on this matter, we have provided a detailed overview of how gifts are taxed in India and what all exemptions are available related to gifts. In this article, you can gain knowledge about various provisions relating to the taxability of gift received by an individual or a Hindu Undivided Family (HUF) i.e. sum of money or property received by an individual or a HUF without consideration or a case in which the property is acquired for inadequate consideration.

Read More »
Categories

V J M & Associates LLP

Contact Us

X