Taxation on sale of Share as business Income 2024 This type of transaction can be taxed as normal business income or capital gain. If you are holding shares in your trading Portfolio, the income or loss on account of sale, purchase of these shares is considered as business income. Even trading in futures and options is … Read more
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E-Way Bill Compliance The Responsibility of Taxpayers In the dynamic landscape of modern commerce, where transactions transcend borders and technologies evolve rapidly, compliance with regulatory frameworks is paramount. Among the crucial mechanisms introduced by governments to streamline the movement of goods is the E-Way Bill system. This digital documentation process, implemented under the Goods and … Read more
Taxation of Income Earned From Selling Shares All of us recognize that earnings from salary, rental profits and business income is taxable. However what approximately income from the sale or purchase of shares? Many homemakers and retired humans spend their time gainfully buying and promoting shares but are uncertain how this profits is taxed. Income/loss … Read more
claim an Income Tax deduction for Home Loan A standard deduction rate of 30% is applicable to the Net Annual Value (NAV) of a property for taxation purposes. This deduction is advantageous as it is allowed regardless of whether the actual expenditure on the property is higher or lower. The standard deduction covers various average … Read more
