Indian tax regulations

Specified mutual fund schemes: How these mutual funds will be taxed after Union Budget 2024?

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Specified mutual fund schemes: How these mutual funds will be taxed after Union Budget 2024?

Union Budget taxation: Specified Mutual Fund refers to a type of mutual fund, regardless of its designation, that has a predetermined maturity date. In this fund, a maximum of 35% of the total capital is invested either directly or indirectly in the equity shares of companies within the domestic market.  For the Specified mutual fund … Read more

ITR filing 2024: How to file Income Tax Return after death of a taxpayer. Check details

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ITR filing 2024: How to file Income Tax Return after death of a taxpayer. Check details

ITR filing: Filing income tax return is a must for all Indian taxpayers. Even individuals who have passed away and whose income exceeds the basic exemption limit are required to file income taxes. In the absence of the deceased taxpayer, it is the legal representative of the individual who assumes responsibility for fulfilling their tax obligations. … Read more