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Genfintax
2 days ago0 min read
Whether an employee can claim credit for TDS even if the employer has not deposited it with the government ?
This common dilemma, where Tax Deducted at Source (TDS) appears in Form 16 and salary payslips but not in Form 26AS or the Annual...
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Jul 16, 20259 min read
Expatriate Taxation - Book
Kindly click below to download E- book
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Jul 10, 20251 min read
New Rules for claiming deductions (under old regime) while filing Income Tax Return
#IncomeTax #ITR2025 #TaxFiling #ITRDeductions #OldRegime #Section80C #Section80D #Section80E #Section80EE #Section80EEA #Section80EEB...
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May 31, 20251 min read
Dispute Resolution Committee (DRC)
The e-Dispute Resolution Scheme 2022 was introduced to facilitate the disposal of dispute resolution applications filed by assessees....
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May 25, 20255 min read
Taxation of Share-Based Long-Term Incentive Plans (LTIPs) in India
In the competitive global business environment, share-based compensation has emerged as a powerful tool to retain and motivate employees....
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May 18, 20254 min read
ITAT Ruling: No Need to Re-file Form 10-IE Every Year!
🧑⚖️ Case Summary & Legal Issue Facts: Section 115BAC allows individuals and HUFs to pay tax at concessional rates without availing...
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May 16, 20252 min read
Taxation of Life Insurance Policies (Other than ULIP and Keyman Policies)
Introduction: Life insurance is often seen as a dual-purpose financial tool: it provides protection for your family and offers various...
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May 16, 20253 min read
Taxation of Income from REITs in India
REITs are SEBI-regulated investment instruments that pool capital from investors to own and operate income-generating real estate....
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May 14, 20252 min read
Clarity for NRIs: Mumbai ITAT's Decision on Mutual Fund Gains
In a recent Mumbai ITAT decision ( Anushka Sanjay Shah v. ITO ), the Tribunal provided welcome clarity for Non-Resident Indians (NRIs) ...
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May 3, 20252 min read
Taxability of Fixed Deposit Interest
Taxability of FD Interest: Interest income earned through FD is fully taxable under income from other sources TDS Threshold Limits on FD...
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Apr 16, 20252 min read
Updated TDS Rates Effective from 01 April 2025 (FY 2025-26): Key Changes & Threshold Limits
Several changes to TDS provisions have been introduced in the Finance Act (No. 2) and the Finance Act, 2025, leading to significant...
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Mar 17, 20255 min read
NRI Taxation - Part 1 -Determination of Residential status of NRI
An NRI's income tax in India depends on their residential status for the year. If you are classified as a resident, your global income is...
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Jul 1, 20242 min read
How to compute Income from House Property ?
Income chargeable to tax under the head “Income from house property” in the case of a let-out property is computed in the following...
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Mar 18, 20232 min read
Allowable Deductions for Computing Income from Let-Out Property & Self-Occupied Property
This article explains the deductions that can be claimed while computing the income chargeable to tax under the head "Income from house...
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Mar 18, 20233 min read
Under which head rental from building is taxable ?
Under the Income Tax Act, rental income received by a taxpayer from a property that includes a building or land appurtenant to the...
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Mar 18, 20232 min read
"Tax Implications of Composite Rent"
Composite rent refers to the rent received by a property owner not only for the building itself but also for other assets or services...
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Mar 18, 20232 min read
Tax Implications of Deemed Ownership: Income from House Property Not Registered in Your Name
In certain situations, even if a property is not registered in your name, you may be liable to pay income tax on the rental income earned...
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Mar 18, 20232 min read
ESI Applicability, Requirement, Contribution, Benefits, Claiming procedure and taxability ?
Introduction: The Employees' State Insurance (ESI) is a self-financing social security and health insurance scheme for Indian workers....
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Mar 18, 20232 min read
Taxability of Gratuity ?
Gratuity refers to the amount that an employer pays his employee, in return for services offered by him to the company. Gratuity shall be...
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Feb 26, 20231 min read
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