Rakhi gifts are usually treated as family transactions in India. But do you know that does not automatically make every gift tax-free. The Rakhi gift tax rules depend mainly on who gives the gift, what is received, and its value. Let’s understand in detail. What Are the Rakhi Gift Tax Rules? Under Indian income-tax law, … Read more
The SFT Reporting Rules assist the Income Tax Department in tracking specific high-value financial transactions. Here, SFT means Statement of Financial Transactions. Banks, financial institutions, companies, insurers, property registration offices, and other specified reporting entities are supposed to make reports about eligible transactions to the Income Tax Department. In respect of the year 2026, the … Read more
While buybacks remain the preferred means of using surplus funds, the tax rules for buying back stock have now been modified in order to create greater accountability as well as protect the interests of shareholders. These are the changes that one needs to be aware of as an entrepreneur, promoter, start-up founder or investor. This … Read more
Early filing of Income Tax Return (ITR) seems like a wise decision for many taxpayers. One will feel responsible and calm. All tasks are completed on time and there is no last minute pressure. However, premature filing may sometimes lead to more complications. Many taxpayers file their ITR in April-May every year. They get notices … Read more