Investment and Asset Taxation Services

Since FY 2020-21, dividend income is taxable according to your income slab rate. I ensure you report it correctly under "Income from Other Sources" and help you use Form 15G/15H to avoid TDS if you are eligible.

The tax rules for mutual funds for FY 2024-25 have changed. This visual explains the new tax rates for Short-Term Capital Gains (STCG) and Long-Term Capital Gains (LTCG) on both equity and debt funds.

The Cost Inflation Index (CII) for FY 2025-26 has been announced as 376. This index is essential for calculating Long-Term Capital Gains (LTCG) on assets like property and gold for the assessment year 2026-27.

The Cost Inflation Index (CII) for FY 2023-24 was set at 348. This is a key figure I use to calculate the indexed cost of acquisition for your long-term capital assets, reducing your taxable gains.

There has been an amendment in capital gains under Section 54. The exemption you can claim on reinvesting capital gains is now restricted to a maximum of Rs. 10 crore.

Similar to Section 54, the capital gains deduction under Section 54F has also been amended. The maximum deduction is now capped, and any investment over that amount will be ignored for exemption purposes.

Did you know an unregistered buyer can claim a refund of GST on a cancelled flat? I can guide you on the process to claim this refund from either the builder or the government.

If you fail to declare the purchase of an immovable property valued at more than 50 lakhs in your ITR, you may receive a notice from the tax authorities. I ensure all such transactions are correctly reported.

For residential co-operative societies, there is an exemption for maintenance charges up to Rs. 7500 per member. However, if the charges exceed this limit, the entire amount becomes taxable.