tax

Dear Technofino members, I have a question regarding taxes on shares and mutual funds. If my friend buys shares and later sells them at a profit, how much tax will he need to pay on the gain? Also, can he claim a loss if he sells the shares at a loss? For context, my friend is a NIL taxpayer...

I am paying home loan of 10 lakh via cash…. How can I prevent income tax notice… Which is the best bank home loan account which is not linked to PAN Card and allows cash deposit.

i just paid Surat municipal property tax bill worth rupees 3000 and 12000 using icici amazon pay credit card. but got 0. isn't it eligible for 1% CB?

Hi Time to pay adavnce tax by Dec 15. I have to pay nearly 2 lakhs and which debit / credit cards will be more benficial. If i pay by credit card or debit card, is there any extra charges.

Hi guys, Need some suggestions, i have the following cards, please suggest which card to use for tax payment of 3L+ in this month 1. HDFC Infinia 2. HDFC Tata Neu 3. HDFC Swiggy (Wife) 4. Axis Atlas 5. SBI CB 6. SBI Simply click (Wife) 7. RBL Icon 8. Kotak White 9. ICICI APAY 10. ICICI...

Suppose someone has to pay income tax of 7.5 lakhs... Via epay.... Do we have to pay 7.5 lakh in one transaction or can we do it in 2-3 transactions like... Some amount using netbanking and remaining amount using credit card....??

I need to pay my Surat Municipal Corporation (SMC) property tax bill, but I couldn’t find the option on Google Pay or Amazon Pay. Does anyone know if it’s available on any other platform or how else I can pay online?

For those who haven’t opened an NPS account yet, I highly recommend doing so and investing the maximum amount of ₹50,000. If you fall under the 30% tax slab, you can save ₹15,000 in taxes. Effectively, you’re only spending ₹35,000, and the ₹15,000 is like a bonus! It’s a great way to save on...

Dear All, I’d like to bring to your attention a critical clarification regarding the Points for Good E-Voucher and its implications for tax exemptions under Section 80G. After consulting with a Chartered Accountant, it has been confirmed that purchases made using reward points (such as Points...

I spend 8 lac in this year on credit card One card with 4.5 lac,other with 2 lac ,other with 1lac and other with 1 lac and my salary is around 9 lac will I get a income tax notice I fill ITR every year I am salaried

I recently made a large online payment of ₹10 lakh towards Advance Tax on the Income Tax website through my IDFC Vistara Credit Card using the HDFC Payment Gateway. The issue: The OTP I received was for exactly ₹10 lakh. However, a few days later, I discovered an additional charge of ₹9,441...

I am looking to make a payment for income tax payment of 23 lakhs for 2 family member ideally before 15 November. (Can delay if benefits ate worth it) Let me know which would be the best card for this purpose. Existing Cards: hdfc business regalia bob eterna axis select indus legend tiger max...

Which is the best credit card to pay income tax of 4 to 6 lakh? I know this is a repeated question but with constant devaluation and changes in credit cards it’s difficult to keep track. I Don’t have any premium credit cards. I am unable to get biz black, infinia , yes reaerve/marque or any...

Hey everyone, I’ve been wondering about a common scenario: how much can someone reasonably spend in a year compared to their income before raising red flags with the tax department? For example, if someone earns ₹12 lakhs annually but ends up spending over ₹20 lakhs on credit cards, would that...

Hello Financial experts! I am wondering about how one can manage selling ESOPS around 10lakhs with minimal LTCG tax. Please shed some knowledge. I am thinking if we can gift those to spouse and family before selling and take advantage. What will be the process and costs involved ?

I work as freelance accountant, and pay income tax and gst on behalf of clients of around 50000 to 1 lakh a month, which card will be the best to earn points for both income tax and gst payments Currently i hold hdfc moneyback and am being offered HDFC bizgrow as on update

Hi All, While filing ITR under Filing Section : 139(1)for one of my friend, I wrongly chose old tax regime. As a consequence of this, at the time of submitting this return, portal showed me that an additional amount of nearly Rs20k amount needs to be paid. I did the same and paid the amount...

Ran into a strange issue. First I get an email saying "rejected due to credit norms". After I ask for detailed response, I get the reply as mentioned in the title. Don't know what went wrong as I have many ITRs filed with the PAN and my cibil shows enquiry from Axis bank. Asked for completed...

Credit Cards Offering Benefits as of September 2024: HDFC BizBlack - Accelerated benefits of 16.6% tax payments up to ₹50,000 per month. 3.3% after 50k IDFC First Vistara Card - Milestone benefits with reward rate. SBI Vistara - Milestone benefits; no reward rate. Amex Platinum...

A glitch in the Infosys managed CPC software has led to the consideration of partial/unrelated TDS amounts during the system based tax liability assessment, thereby resulted in taxpayers across the country receiving massive tax demand notices including penalties, despite the TDS being deposited...