In India, one often finds income from renting out property. What then happens when you choose to sell that rental property? You might make money; that profit is known as a capital gain. Knowing capital gains tax on rental property helps you to make forward plans and prevent surprises at tax season. Let us dissect it simply here. Definition of Capital Gain Your capital gain is what separates your selling of your rental property for more than what you paid for it. The Income Tax Act taxes this gain.Your profit of ₹30 lakh is thus regarded as a capital gain…
Author: Anurag Singh
In India, cryptocurrencies are becoming rather fashionable. Many have made coins including Bitcoin, Ethereum, and others investments. Did you know, though, that selling cryptocurrencies generates taxable income? Yes, the government has made it abundantly clear, and it is crucial to understand the tax rate on crypto gains.Let’s know what you should keep in mind and how taxed crypto is in India. Is Indian Crypto Income Taxable? Indeed, absolutely. The Indian government has instituted a special tax rule for virtual digital assets (VDAs), which include cryptocurrencies and NFTs, starting on April 1, 2022.Should you profit from selling cryptocurrencies, you have to…
Though it can be confusing, tax season becomes a lot simpler with the correct tools. Among such instruments is the tax return calculator 2025. This calculator lets you determine how much tax you need to pay—and how much you might save—regardless of your employment status: salaried, self-employed, freelancer.Let’s know why it would be helpful for Indian taxpayers and how to apply it. A Tax Return Calculator 2025: What Is It? An online tool called a tax return calculator 2025 projects your income tax due for the financial year 2024–25 (assessment year 2025–26). Entering simple information including income, deductions, and investments…
In India, tax season can feel daunting—documents, forms, figures, deadlines… a lot. Having personal tax advisors by your side can make the process much simpler and less stressful whether you are a salaried employee, a freelancer, or a business owner. Let’s investigate their background, activities, and reasons behind the increasing annual turn-to of more Indians towards them. Personal Tax Advisors: Who Are They? Professionals helping people handle their taxes are personal tax advisers. They can help you properly and on time file your return, know the deductions you may claim, and grasp tax laws. During tax season, they serve as…
National savings bonds could be a great choice if you want a secure and consistent way to increase your wealth. Indians who wish steady returns without running too much risk often choose these government-backed bonds. Let’s define national savings bonds, explain their mechanics, and discuss why they might be the appropriate fit for your investment portfolio. Describe National Savings Bonds Designed as fixed-income investment tools by the Indian government, national savings bonds are supported by the central government. They provide a guaranteed interest rate and are regarded as rather safe. Conservative investors who wish to safeguard their money and get…
Though it sounds difficult, filing a personal income tax return is actually rather easy if you know the fundamentals. Whether your business is small, you are a freelancer, a salaried employee, or salaried employee—knowing how to properly file your return will help you avoid penalties and maybe get a refund. Let’s dissect it in a straightforward and stress-free approach. What is a personal income tax return? Every year you send the Income Tax Department a personal income tax return. It displays your income, tax paid amount, and whether any tax refund is due. “Here’s what I earned, and here’s what…
An index fund portfolio could be just what you need if you wish to increase your wealth free from daily market swings. For long-term objectives, including purchasing a house, saving for your child’s education, or preparing for retirement, it’s straightforward, reasonably priced, and effective. Let’s examine methodically how you might create a smart index fund portfolio. Describe an index fund. An index fund is a kind of mutual fund modeled by the performance of a market index such as Nifty 50 or Sensex. The fund invests in the same stocks as the index, in the same proportion rather than selecting…
Managing your money need not be taxing. Not always should you follow every trend or hunt the stock market. A passive investment strategy entails making wise investments and letting your money grow gradually—without constant work. Particularly among working professionals, first-time investors, and those seeking long-term growth, this strategy is gaining favor in India. Define a passive investment strategy. Investing in a way that doesn’t require constant buying and selling is called a passive investment strategy. You just make investments in a broad market index or a fund that reflects it, then keep those investments over long terms. It’s like letting…
Many Indians dream of owning property. Real estate is costly, though, thus not everyone can afford a house or flat. Should you still wish to make real estate investments and profit from them, a home REIT might be the best option for you. What is a home REIT? Owning and running a collection of residential homes or apartments is a company known as a home REIT, or Real Estate Investment Trust, concentrated on residential properties. These houses are rented, and investors, just like you, get paid from the rent. Investing in a house REIT allows you to earn consistent returns…
Should you make money from renting your house, that income is subject to taxes. The good news is, though—you are not liable for taxes on the whole rent you get. You can lower your taxable income by taking advantage of the Income Tax Act’s rental property deductions. Let’s learn how these deductions operate and how you might legally save money. What are deductions from rental property? While figuring your taxes, rental property deductions are particular expenses you can deduct from your rental income. These deductions reduce your whole tax load, saving you money. Should you rent out a house, flat,…
