#long term capital gain on mutual funds

Read more about the article Understanding Section 115BBB of the Income Tax Act: Tax on Income from Units of Open-Ended Equity-Oriented Funds

Understanding Section 115BBB of the Income Tax Act: Tax on Income from Units of Open-Ended Equity-Oriented Funds

Section 115BBB of the Income Tax Act provides insights into the taxation of income derived from open-ended equity-oriented funds, such as those offered by the Unit Trust of India (UTI)…

Continue ReadingUnderstanding Section 115BBB of the Income Tax Act: Tax on Income from Units of Open-Ended Equity-Oriented Funds
Read more about the article Understanding Section 63 of the Income Tax Act: Definition of “Transfer” and “Revocable Transfer”

Understanding Section 63 of the Income Tax Act: Definition of “Transfer” and “Revocable Transfer”

The Income Tax Act of India contains detailed provisions that regulate how income and assets are treated under the law, particularly in cases where they are transferred between parties. One…

Continue ReadingUnderstanding Section 63 of the Income Tax Act: Definition of “Transfer” and “Revocable Transfer”