Introduction: What is Income Deemed to be Received? Common examples of income deemed to be received include: Accrued Interest: Interest income that has been earned on an investment but has not yet been paid or credited to the taxpayer’s account. Accrued Rent: Rental income that has been earned from leasing out property but has not … Read more
Short-term capital loss (STCL) Key aspects of taxation on short-term capital loss include: Set-off Against Short-term Capital Gains (STCG): Carry-forward and Set-off: Best 5 tips Taxation on Loss From Equity Shares Treatment of Loss in Intra-day Trading: Long-term capital loss (LTCL) Key aspects of taxation on long-term capital loss include: Set-off Against Long-term Capital Gains … Read more
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
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
Agricultural Income Taxable The Taxation of Agricultural Income is a topic of confusion and misconception among many Taxpayers. While some believe that all income, including agricultural income, is taxable, others are under the impression that agricultural income is entirely tax-free. In this blog post, we’ll delve into the nuances of agricultural income taxation, dispelling myths … Read more
