You may have heard that setting up a Hindu Undivided Family (HUF) could help save taxes. In this blog, we discuss this in detail. There are fairly low barriers to setting up an HUF—any Hindu (including Jain, Buddhist, and Sikhs) can do so. Only the state of Kerala has abolished the concept of the joint […]
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Yes. Indian taxpayers can avail of the tax exemption under section 54F of the Income-tax Act against gains earned from selling foreign shares or ETFs if the money is utilised to buy or build a new residential house, provided the house is located in India. This means they won’t have to pay capital gain tax […]
Whether you’re a seasoned trader or just starting out, understanding the taxation of trading income can make a significant difference in safeguarding your hard-earned capital. In this article, we’ll delve into the intricacies of income tax for traders, shedding light on how understanding the taxation of trading income can make a significant difference in safeguarding your hard-earned capital.
Whether you’re a seasoned investor or just starting out, understanding the tax implications of your investments is crucial for making informed financial decisions. In this blog post, we’ll help you understand everything about income tax for investors.
In the year 2020, the government introduced a new tax regime under which taxpayers can choose to pay tax at lower rates. In this article, we compare old and new tax regimes, and help you understand which one could be more beneficial for you by discussing the differences in tax rates, deductions, and exemptions.
Why should investors and traders pay advance tax? Paying taxes is often seen as an annual ritual during the filing of Income Tax Returns (ITR). In reality, it’s a continuous process, and one aspect of this process that often goes unnoticed is advance taxes. Since the deadline for 3rd instalment of advance tax is approaching […]
Imagine you have diligently filed your Income Tax Return (ITR), well before the deadline, but still receive an income tax notice from the Income Tax Department (ITD). A lot of investors and traders face this situation every year. So we decided to highlight common mistakes that people make while filing their ITR, knowingly or unknowingly. […]
Happy Diwali everyone, if this festive season you are looking to gift something to your loved ones, we think stocks, ETFs, and bonds are the perfect gifts, and they are quite literally gifts that keep on giving. They are also a great way to introduce your loved ones to investing and capital markets and in […]
अगर आप ट्रेडर है तब आपको tax ज़रूर फाइल करना चाहिए, चाहे आपको प्रॉफिट हुआ हो या फिर लॉस। ज़्यादातर लोग ये समझतें हैं की अगर उन्हें लॉस हुआ है, तब उन्हें tax फाइल करने की कोई ज़रूरत नहीं है, लेकिन ऐसा सोचना गलत है। आपको इसके लिए भी नोटिस मिल सकता है। हम जानतें […]
As a trader, it’s extremely important to file your taxes, regardless of whether you made a profit or loss. Most people assume that just because they’ve made losses, it’s not necessary to file taxes, but that’s a mistake—you may get a notice from the Income Tax Department regardless of that. We also understand that filing […]
Traders, If you hold stocks or mutual funds in your portfolio that have unrealised losses, you can set off these losses against realised profits, on which you have to pay taxes. To do this, you can book the losses, effectively reducing the realised gains and hence also reducing the tax payable. This act of booking […]
Traders, If you hold stocks or mutual funds in your portfolio that have unrealised losses, you can set off these losses against realised profits on which you have to pay taxes. To do this, you can book the losses, effectively reducing the realised gains and hence also reducing the tax payable. This act of booking […]
It’s that time of the year when all of us have to sit down and plan our income tax returns. The last date to file your income tax returns for FY 2019-20 is December 31st, 2020, and traders need to file their Income Tax Returns (ITR) on time. Here’s why: the income tax department has […]
Edited: 1st Feb 2022 after the budget announcement that surcharge on LTCG (Long term capital gain) of unlisted companies to be capped at 15%. Overall LTCG for unlisted companies now drops from 28.5% to 23.92%. We get a lot of credit for bootstrapping Zerodha and building the business without raising professional money. I have always […]
Traders, If you hold stocks or mutual funds in your portfolio that have unrealised losses, you can set off these losses against realised profits on which you have to pay taxes. To do this, you can book the losses, effectively reducing the realised gains and hence also reducing the tax payable. This act of booking […]
Traders, If you are investing or trading, you would need to declare your profits and losses for the financial year (FY) while filing your income tax returns (ITR). All equity investments under the head of capital gains, intraday equity trading as a speculative business, and derivatives trading as non-speculative business income. Check out the Varsity […]
Traders, Financial year (FY) 2017/18 is coming to a close on March 31st. We had a good run on the exchanges until Jan 2018, followed by the drawdown in the last two months. If you have net realized short-term capital gains this FY, and currently hold stocks which have unrealized losses – you have a tax […]
Traders, One of the most popular requests we get every tax filing season from traders on our education modules on taxation is, “Why don’t we also help them with tax filing and audits”. Introducing www.tradetax.in Tradetax is a Rainmatter initiative formed by a team of experienced Chartered accountant’s (CA) with trading knowledge. We are the same team which […]
“Check out our detailed module on taxation while trading/investing on varsity.” Note: This article might contain information that will not comply with the current tax laws. Please read the Taxation module on Varsity for updated information Traders, Taxation is an often neglected aspect especially more for people who trade/invest on the capital markets. With the […]
“Check out our detailed module on taxation while trading/investing on varsity.” Traders, FY 2014/15 has been a great year for the markets with over 30% increase in the benchmark Nifty index. There have been stocks that have been multi-baggers and there have been laggards as well. With a few days left for the end of […]
“Check out our detailed module on taxation while trading/investing on varsity.” Traders, Taking care of taxation is a critical aspect of the business which every trader needs to plan in advance. As and when the Income Tax (IT) department in India is going completely online, their efficiency of spotting deficiencies, misfiling or wrong filing is […]
Dear Fellow Traders, It is that time of the year when all of us have to sit and plan for our income tax returns. I am sure many of you have an umpteen number of queries when it comes to taxation while trading equity, F&O, Commodities and Currencies. It is important to declare either profits […]
“Check out our detailed module on taxation while trading/investing on varsity.“ Traders, I have been trading personally for a very long time and the tax filing times have always been the most painful part, sitting with a CA and accounting for profits, losses, expenses and others. I was in similar shoes as most of you […]
India’s earning a tidy bit of foreign exchange, as its capital account surplus trumps a falling current account deficit. An RBI MPC meeting has just begun. And February sees paltry tax collections.
GIFT City is short for Gujarat International Finance Tec-City. Situated close to Ahmedabad, GIFT City facilitates all financial transactions in India using foreign currency (not Indian rupees). Though it is located within India, it is considered a jurisdiction separate from the rest of India. You might wonder what the use of GIFT City is. Countries […]
