Tax savings 2025: Section 80G’s tax benefits under Old Tax Regime – Explained

Tax savings 2025: Section 80G’s tax benefits under Old Tax Regime – Explained

Tax savings under Old Tax Regime: Taxpayers seeking to optimise their savings for the fiscal year 2024-25 still have opportunities available. One such option is utilising Section 80G of the Income Tax Act to claim deductions for donations made to government-approved trusts. It is important to note that not all charitable contributions automatically qualify for … Read more

Union Budget 2024: Major changes in Capital Gains Tax Regime. Holding period, tax rates explained  

Union Budget 2024: Major changes in Capital Gains Tax Regime. Holding period, tax rates explained  

BUDGET 2024: In a shock to stock market investors, Finance Minister Nirmala Sitharaman on Tuesday announced an increase in both long-term and short-term capital gains tax. FM Sitharaman said that going forward, short-term capital gains on specific financial assets will be subject to a tax rate of 20%, a 5% increase from the previous rate of … Read more