Investing in dividend stocks for passive income can be a wise decision if you want to make money without working daily for it. This approach appeals to many Indian investors seeking consistent returns and long-term wealth building. Let’s define dividend stocks, explain their mechanics, and identify which ones are well-known to offer consistent income. Stocks with dividends: what are they? Shareholders of dividend stocks are those of companies who routinely distribute a portion of their profits. Dividends are the shared profit. For instance, you will make ₹1,000 without selling your shares if you own shares of a company and it…
Author: Aparajita Sharma
Dealing with salary, investments, loans, business income, or property can complicate managing taxes and money. The need for a financial advisor tax accountant near me arises at this point. Whether you run a business, are self-employed, salaried, or salaried, having the correct professional at your side can save you both money and time. How then do you choose the appropriate one? Besides, what distinguishes a tax accountant from a financial advisor? Let’s simplify everything for us. A financial advisor is: Identify a tax accountant: A tax accountant is a specialist who guides your income tax return filing. You should see…
Managing a non-profit or charitable organisation in India carries obligations not only to the government but also to society. Filing non-profit tax returns is one of the most crucial legal obligations. Many believe non-profits, since they do not make profits, do not have to pay taxes. That’s untrue, though. You must report your income and expenses to the Income Tax Department even if your company is registered as a trust, society, or Section 8 company. Let’s dissect all you need to know into basic terms. Do Nonprofits Have Tax Obligations? If they satisfy specific Income Tax Act requirements—mostly under Section…
Indian investors are starting to choose ETFs, sometimes known as Exchange Traded Funds, more and more. Simple, reasonably priced track indexes like Nifty, Sensex, or even gold abound. Understanding well-known ETFs will enable you to make better decisions whether you are new to investing or wish to diversify your portfolio.This is a basic overview of some of the most often used ETFs in India, fit for beginners. What is an ETF? Allow us to define an ETF before diving into the list:An ETF is a basket of securities—such as bonds or stocks—likewise. It is sold on the stock market much…
Though it sounds difficult, filing your income tax return is really rather simple if you know the process. You should be aware of how to file a personal tax return in India, whether you are a salaried employee, freelancer, student, or even a housewife with some income. This is a basic, non-jargon manual to get you through it. What is a Personal Tax Return? Every year you send the Income Tax Department a personal tax return. It demonstrates: You formally declare your income to the government when you file a personal tax return. Who Should File It? File even if…
Many Indians make money from the US by investments, remote employment, or freelancing. Under these circumstances, people sometimes wonder what taxes IRS mean and how they would affect them. Here is a basic overview for Indian taxpayers. The IRS: What is it? The Internal Revenue Service (IRS) is the United States’ tax department. It manages US tax rules, income tax, and returns. Should you make money from a US source, you could have to deal with IRS policies. When Should Indians Handle IRS Taxes? In all these scenarios, the US first could tax your income. Regarding Double Tax: Under their…
Owning land or a house involves routinely paying property taxes. Legal problems or uncertainty do exist, though occasionally. At such point, a property tax attorney can assist. See what they do and when you might want one. A Property Tax Attorney is someone who: They come in rather handy when things get convoluted. The Timing of Hiring a Property Tax Attorney For regular tax payments, you do not need one; but, in these cases, you should give one some thought: In all these situations, a property tax attorney can help you stay out of legal hotbeds. What Might They Help…
One wise move is to own a property for investment. Many people are unaware, though, that there are several investment property tax deductions they could be entitled to reduce their taxes. You can maximise these in the following ways. Define an Investment Property: You have to pay taxes whether you pay rent or profitably sell the house, but you can also be eligible for deductions. Principal Tax Deductions for Investment Property: These are some typical deductions that are possible: Deductible Capital Gains: Should you choose to sell the house: Many investors make advantage of these main components of investment property…
In India, cryptocurrencies like Ethereum and Bitcoin are becoming rather fashionable. The mechanics of cryptocurrency tax reporting, however, are poorly understood. Whether you trade, invest in cryptocurrencies, or make money from them, you should appropriately record it. Describes cryptocurrencies: Income from cryptocurrencies is taxable in India, even though it’s virtual. Income Taxable for Cryptocurrency in India Yes, under Indian tax law: As a result, cryptocurrency tax reporting is required if you make money from it. When Should One Report Bitcoin? Every year you should report it on your Income Tax Return (ITR).If you bought and sold cryptocurrenciesIf you invested in…
Many Indians believe they do not have to pay taxes if they lack income. Not always true, though, is that. Filing taxes with no income can still be beneficial for a variety of good reasons. Let’s find out why and how you ought to proceed. Meaning “No Income” “No income” indicates: Filing taxes with no income can benefit you going forward even if you had no income. Why File Taxes When You Are Not Making Any Income? Here are a few clever justifications: Who May File a Tax Return Without Income? Anyone is free to file even if it is…
