Tax Insights & Financial Updates
Stay informed with the latest tax news, financial updates, expert insights, and practical guides to navigate your taxation and financial journey
Do I Need to File Income Tax Return (ITR) in India? — Updated for FY 2025 26 / AY 2026 27
Whether you must file ITR depends on two main things: Which tax regime you choose (Old vs New) Your total income + exempted income + deductions + special income (capital gains, etc.) ✅ Tax Slabs & Basic Exemption (FY 2025‑26) New Tax Regime (Sect...
Capital Gains Tax Explained – Equity, Mutual Funds, Crypto & Real Estate (2026)
Capital gains arise when you sell a capital asset at a profit.This guide simplifies: Short-Term vs Long-Term Tax rates Indexation Property gains Shares/Mutual Funds gains Crypto gains Exemptions & planning strategies 🔍 What Are Capital Gai...
Important ITR Sections for NRI: Declarations and Reporting (FY 2025–26)
Non-Resident Indians (NRIs) have specific Income Tax Return (ITR) requirements to declare Indian income, foreign assets, and capital gains. Proper reporting ensures compliance, avoids penalties, and optimizes tax planning. This guide covers: Key ITR...
Chapter VI-A Deductions in ITR 2025–26: Complete Guide to Sections 80C to 80U
Chapter VI-A of the Income Tax Act provides tax-saving opportunities to resident Indians and NRIs. Correctly claiming these deductions can significantly reduce taxable income. FY 2025–26 update: Certain limits and exemptions under Sections 80C, 80D, ...
Capital Gains Tax Reporting in ITR: Mistakes to Avoid & Smart Planning Tips (FY 2025–26)
Reporting capital gains in ITR correctly is critical for compliance and tax efficiency. Mistakes in Schedule CG can lead to penalties, notices, or incorrect tax calculation. This guide covers common mistakes, smart tips, and practical examples to ens...
Schedule CG in ITR: How to Report Capital Gains for FY 2025–26 — Step-by-Step Guide
Filing capital gains in ITR is mandatory under Schedule CG. It ensures correct reporting of short-term and long-term capital gains (STCG/LTCG) from various sources, including: Equity shares & securities Mutual funds & ETFs Real estate & property s...
How to Correctly Fill the FA Schedule in ITR-2 (FY 2025–26): Examples, Compliance & Tips
Reporting foreign assets in ITR-2 using Schedule FA is crucial for resident Indians and NRIs. The FY 2025–26 update emphasizes correct disclosure of all foreign assets, including: Bank accounts Financial instruments Immovable property Other forei...
Schedule FA in ITR-2: Reporting Foreign Assets in India (FY 2025–26 Complete Guide)
For taxpayers who hold foreign assets or bank accounts, reporting in the Income Tax Return (ITR-2) is mandatory under Schedule FA. The FY 2025–26 update retains the reporting requirement, emphasizing full disclosure of: Bank accounts abroad Financi...
NPS Corpus Thresholds 2025: Withdrawal Limits, Slabs & Smart Planning
Introduction The 2025 NPS rule change not only increased lump-sum withdrawal to 80% but also introduced corpus-based slabs that determine how much a subscriber can withdraw at retirement. Subscribers now need to understand: Corpus thresholds and the...
NPS Exit vs Annuity Strategy After 2025 Rule Change: Should You Take 80% Lump Sum or Secure Lifetime Pension?
Introduction: A New Choice, A Bigger Responsibility With the 2025 NPS rule change, subscribers now face a critical retirement decision: Should you withdraw up to 80% of your NPS corpus as lump sum, or allocate more towards annuity for guaranteed pens...
