Explains Section 50AA taxation of specified Debt Mutual Funds acquired from 1 April 2023 and why broker Capital Gain Reports should be verified before ITR ...

It is important to note that the old regime has been grandfathered, which means that it is still applicable for debt funds bought till March 31, 2023. While the purchase date is most relevant, as it ...

Mutual funds taxation in India depends on several factors, including the type of fund and the holding period. Equity and debt mutual funds are taxed differently, and the applicable tax rate can vary ...

If you sold equity shares, redeemed mutual funds, or sold a property during FY26, you may have capital gains that need to be reported while filing your income tax return this year (AY 2026-27).

With the Income Tax Return (ITR) filing season for Assessment Year (AY) 2026-27 gaining momentum, taxpayers across India are actively searching for clarity on which ITR form applies to them. Among the ...

Resident and Ordinarily Resident (ROR) taxpayers with foreign assets or income must carefully disclose overseas investments, dividends and accounts while filing ITR. Direct foreign holdings require ...

New Delhi: The Income Tax Department has activated the ITR-2 form for Assessment Year 2026-27, opening the window for eligible taxpayers to file returns for income earned during FY 2025-26. If you ...