Social Media Ideas for Taxes In India

Crypto Tax in India 2026: Rules, Rates, Reporting & Penalties

In India, cryptocurrency can be bought, held, and traded legally, but a higher tax is levied on it, and the reporting rules are stringent. Buying, selling, or swapping crypto carri...

Capital gains tax in India vs worldwide: How does India compare with other countries?

Capital gains tax in India varies by asset class and holding period, with separate rules for short-term and long-term gains. Worldwide, tax treatment differs sharply, ranging from...

Who really pays for India? It's not who you think

The claim that 2-3 per cent of Indians pay all of India’s taxes gets the maths wrong. Here’s how income tax, GST, corporate tax and household numbers change the picture.

How REIT Distributions Are Taxed in India: A Quick Guide

At 30% slab, you keep ~Rs 78,400 of every Rs 1 lakh distributed. Here's how each REIT component is taxed, what the Finance Act 2023 changed, and how to report it in your ITR.

Gold, Gold Everywhere—But What Happens to Your Tax When You Exchange It?

Gold, Gold Everywhere—But What Happens to Your Tax When You Exchange It?   In India, gold is not merely a metal. It is an emotion. It is a wedding tradition, a family heirloom, an...

Parliamentary panel flags ‘punitive’ tax regime, seeks data on new Income Tax Act’s Impact

Parliamentary Standing Committee members question heavy-handed enforcement, compliance glitches and widening reliance on individual taxpayers

₹2.31 करोड़ की Property पर आया Tax का मामला, ITAT पहुंचते ही क्यों बदल गई पूरी तस्वीर?

From Service Tax to GST: How India Came to Tax Overseas OIDAR Suppliers, and How the Simplified Registration Scheme Work...

Introduction Online Information and Database Access or Retrieval services, hereinafter referred to as “OIDAR services”, have been taxed in India when supplied by overseas providers...

When Tax Rules Surprise You – The Taxman Isn’t Always Asking for More!

When Tax Rules Surprise You – The Taxman Isn’t Always Asking for More! Query 1] My income during the year from salary was ₹11,72,190/-, Interest & Other Income was of ₹55,247/-...

With the equalisation levy gone, how taxing digital profits has become complicated

The tech giants' India revenues are booming. But with the equalisation levy gone, taxing digital profits has become even more complicated.

CBDT Notifies 116 & 117/2026, Granting Tax Exemptions to MERC from FY 2025-26

The Central Government, through the Central Board of Direct Taxes (CBDT), has issued two notifications regarding the Maharashtra Electricity Regulatory Commission (MERC), PAN: AAAG...

No tax on value of new property under redevelopment agreement: ITAT

A tax tribunal has sided with property owners involved in redevelopment disagreements, annulling a significant Rs 1.3 crore tax increment on a newly developed property. The tribuna...

Indian in Kuwait sent Rs 1.09 crore, no ITR; ITAT deletes Rs 5.52 lakh, checks Rs 2.5 crore

The absence of an original ITR became a key issue. Although the department had information about the substantial sums held in his Indian accounts, there was no tax return on record...

Tax Loss Harvesting in India: 5 Rules to Stay on the Right Side

India has no wash-sale rule, but GAAR still applies. Learn 5 rules for legal tax loss harvesting, from set-off hierarchy to the ITR filing deadline.

Property value rose before registration; ITAT scraps Rs 11.35 lakh tax on buyer

Under Section 56(2)(x), there is applicable taxation of such a difference in the buyer's hands if the stamp duty value of the property is higher than the purchase consideration by...

Capital Gains: One Rate, Many Rules!

Capital Gains: One Rate, Many Rules!   “What is the capital gains tax rate?” It sounds like a simple question. And, for Long Term Capital Gains (LTCG), the answer is broadly simple...

TDS on Virtual Digital Assets (VDA) U/S 393(1) [Earlier 194S]

As per the Income-tax Act, 2025, the provisions of TDS on virtual digital assets (VDA) have been restructured. Now, the earlier Section 194S of the Income-tax Act, 1961 falls under...

Income Tax Calculator for Salaried Individuals: A Simple Guide

The post Income Tax Calculator for Salaried Individuals: A Simple Guide appeared first on Myinvestmentideas.

Delhi ITAT Directs CIT(A) to Decide Whether CAM Charges Attract 2% TDS U/S 194C or 10% U/S 194-I

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, in this case, has mentioned that the Commissioner of Income Tax (Appeals) [CIT(A)] should determine whether Tax Deducted at S...

Delhi HC: Taxing the Same Income Twice Amounts to an Unfair Benefit for the Govt.

The Delhi High Court has mentioned that the denial of permission to a taxpayer to rectify an accidental double taxation of the same income shall amount to “unjust enrichment” on th...

₹1 crore foreign asset disclosure could cost 60% under FAST-DS: Check the math

FAST-DS can impose a substantial cost on taxpayers declaring certain undisclosed foreign assets or income, with the tax and additional amount together reaching 60% of the declared...

Couple buys Rs 60L flat, husband taxed on Rs 34.81L stamp-duty gap; ITAT objects

Can the entire difference between a property’s actual purchase price and its stamp-duty value be added to the income of just one of its co-owners? A recent ruling by ITAT Mumbai ha...

Readers took the argument further than the note did

Readers respond with their own numbers on who pays India's taxes, from the count of income tax payers per household to the GST paid on income already taxed.

Foreign Asset Disclosure Scheme 2026: 60% Tax or Just ₹1 Lakh?

Foreign Asset Disclosure Scheme 2026: 60% Tax or Just ₹1 Lakh?     The Reason Why a Foreign Asset Was Not Disclosed May Decide Whether the Cost Is ₹48 Lakh-or Just ₹1 Lakh Foreign...