Selling a property is a milestone event. Maybe you sold an ancestral plot in Mysore, or perhaps you “cashed out” on an apartment in Whitefield that appreciated over 10 years. The money hits your bank account, and you feel great. But then, the question hits you: How much of this belongs to the Income Tax […]
Capital Gains Explained: Selling Property? Here’s How to Keep Your Profits Intact Read More Ā»
UncategorizedYou donāt have a 9-to-5. You donāt have a boss. And you certainly donāt have a Form 16 handed to you at the end of the year. Welcome to the world of freelancing! Whether you are a graphic designer, a software consultant, a content creator, or a yoga instructor, you are your own CEO. But
Freelancers & Gig Workers: How to Manage Taxes When Your Income Fluctuates Read More Ā»
UncategorizedIt happens every year. Your HR department sends an email with the subject line: “Declaration of Investment Proofs / Choice of Tax Regime.” And just like that, the confusion begins. You ask your colleagues, and half of them say, “Stick to the Old Regime, the deductions are better!” The other half says, “No, switch to
Old Regime vs. New Regime: A Simple Guide to Choosing What’s Best for Your Family Read More Ā»
UncategorizedYour phone buzzes. You check your email. There it isāan email from the Income Tax Department with the subject line “Notice under Section…” Your stomach drops. Your mind races. Am I in trouble? Did I commit a crime? Is this an audit? First: Take a deep breath. Receiving a notice does not automatically mean you
Received an Income Tax Notice? Don’t PanicāRead This First Read More Ā»
UncategorizedWeāve all been there. The due date is approaching, life gets busy, and you think, “I’ll just file it next week. What’s the worst that can happen? A small penalty?” While itās true that late filing attracts a financial penalty (up to ā¹5,000), the real cost isn’t the money. The real cost is the opportunities
If you are a salaried employee in India, you probably know Section 80C by heart. Itās the first thing everyone talks about. You buy your life insurance, invest in PPF, show your childrenās tuition fees, andāsnapāyou hit the ā¹1.5 Lakh limit. But then you look at your taxable income, and it still looks high. You
Beyond Section 80C: Smart Ways to Save Tax You Probably Missed Read More Ā»
UncategorizedDoes the mention of “Income Tax” make your heart race a little? You aren’t alone. For many of us, tax season brings a cloud of worry. Did I miss a document? Which tax regime is better for me this year? What if I get a notice? At CA Pavan Kumar & Co., we’ve been helping
Tax Season Anxiety? Here’s Your 5-Step Stress-Free Checklist Read More Ā»
Uncategorized