2026 ⁽¹⁷⁸⁾

Capital Gains Tax on Redevelopment Definitions Capital Asset as per the Income Tax Act, 1961 Section 2(14) — a) property of any kind held by an assessee, whether or not connected with his business or profession. Section 2(47) "transfer", in relation to a capital asset,…

What is Annual Information Statement (AIS)? The Annual Information Statement (AIS) is a recently introduced system by the Income Tax Department. It serves as an information repository for taxpayers, providing insights into their financial transactions throughout a given year. This comprehensive statement encompasses various financial…

While residing and working in the United States, the client required withdrawal of their Employees’ Provident Fund accumulated during earlier employment in India. The core complexity lay in completing the entire PF withdrawal process—ranging from documentation to coordination with the EPFO—without being physically present in…