The FinTech Hub
Source: Live Mint My employer offered me an ESOP two years ago when I joined the company. I will receive these shares in January 2025. I work for an unlisted company, and a listed company promoted me. How much tax will I have to pay if I sell these shares? Do I get an examination…
Source: Live Mint I have sold my residential flat this month. The sale deed has been executed and registered, and we have received part of the payment. Under the terms of the agreement, the buyer will pay me the balance of the money in June 2025. My long-term capital gain on selling this property is…
Source: Live Mint Have you ever wondered why your income tax (I-T) refund has still not come, whereas your colleagues and friends have got the same? The reason could be that your current year’s refund may have been adjusted against your old income tax demand, embroiled in any long-pending appeal, before the commissioner (appeals). A…
Source: Live Mint As the year comes to an end, it’s a good time to take a moment and review your finances. The end of the year isn’t just for celebrations—it’s also a chance to organize your money, save on taxes, and get ready for a financially healthy 2025. Whether you’re someone who plans everything…
Source: Live Mint The Income Tax (I-T) department had rolled out a new e-Pay Tax service wherein the entire chain of activities related to payment of direct taxes, from generation of challan (CRN) to making payment and recording of the payment history is enabled through the e-Filing portal for authorized banks. Taxpayers are offered a…
Source: Live Mint An Indian-origin individual living outside India is termed a Non-Resident Indian (NRI). The Income Tax Act, 1961, outlines different tax rules for residents and NRIs. Residency status is determined based on the time spent in India during a financial year. This guide explains NRI status, taxation rules, and the concept of Resident…
Source: Live Mint Personal loans are one of the most commonly used financial tools to address the need for emergency funds, as they can be used for multiple purposes. These are unsecured loans, meaning they do not require any collateral as a guarantee. Compared to other loans, eligibility for a personal loan is less strict,…
Source: Live Mint My daughter is 21 years old, dependent and has no income of her own. She has been studying in the USA since 2022 and is thus an NRI. She has a savings bank account in India, a PAN and an Aadhaar. I understand NRIs cannot avail of any items under section 80C,…
Source: Live Mint The central government has launched the PAN 2.0 project, revising the country’s current permanent account number (PAN) system. The Income Tax Department (ITD) plans to streamline and digitise the existing PAN system in India through PAN 2.0. The PAN 2.0 project was approved by the Cabinet Committee on Economic Affairs (CCEA), headed…
Source: Live Mint If you plan to file your income tax return (ITR) under the old tax regime, you can start making investments in some tax-free instruments in order to claim deduction under section 80C before the financial year comes to an end. There are a number of tax saving instruments that one can invest…
