For unlisted equity shares and units of debt-oriented mutual fund, the holding period should be 24 months and 36 months or moreLong-term capital gains (LTCG) in stocks and equity mutual funds are considered free of taxation if the gains are less than ₹1 lakh

When you start making some serious coin on your real estate deals, you'll eventually come to a painful realization at tax time. Uncle Sam has every intention of taking a big cut of your profits. Especially when you have to make a quarterly estimated tax payment, it becomes harder to ignore how much is being pried out of your hands each year. To add insult to injury, most land investors also have to pay state income taxes in the state(s) where their properties are located. This may require…

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There are certain income tax assessees who need to file a tax audit report at the time of filing their income tax return.

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Taxable income consists of both earned and unearned income. When businesses file their taxes, they do not report their revenue directly as taxable income. Here are steps to gather your taxable income!! #taxation #tax #taxes #accounting #accountant #taxseason #incometax #business #finance #taxrefund #taxplanning #gst #taxreturn #taxprofessional #taxpreparer #thetaxheaven

The government has notified ITR forms for FY 2021-22 which has ended on March 31, 2022.