Best income tax e-filing portal in India Worried about the complexities of tax filing? Just share your details and our tax experts will do it for you!

What Are the complete Tax Rules for Capital Gains on the Transfer of Units of Equity-Linked (ELSS) Under Section 10(38)?

Equity-Linked Savings Schemes (ELSS) are a popular investment option in India, especially for those looking to save on taxes while potentially earning returns through equity exposure. ELSS funds are a type of mutual fund that primarily invests in equity

How to Apply Indexed one Cost of Acquisition When Calculating A Long-Term Capital Gains (LTCG)

When it comes to calculating long-term capital gains (LTCG), understanding the concept of indexed cost of acquisition and indexed cost of improvement is essential. These factors play a crucial role in reducing the taxable capital gain, thereby minimizing the

How is capital gain calculated the complete under Section 48, and what deductions are available in the calculation?

Capital gains tax is an essential part of the income tax framework, impacting individuals and businesses who sell or transfer capital assets. Under Section 48 of the Income Tax Act, 1961, the calculation of capital gains is defined, and

How do you distinguish between short-term and long-term capital assets under Section 2(42A) and Section 2(29AA)?

Capital gains taxation under the Income Tax Act is a significant aspect for taxpayers who have investments in capital assets like property, shares, and securities. The classification of capital assets into short-term and long-term is crucial in determining the