Team Nexgen VI₹TUAL CA Taxation of future options What is F&O income considered as in Income Tax? F&O income is treated as Non-Speculative Business Income, even though it’s trading. It’s not considered gambling or speculative. Do I need to report F&O... 25-Jul-2025
CA Kapil Sachdev Income under Salary Does my salary include pension? If the pension is received from your current or former employer, it’s treated as salary income. But if the pension comes from a life insurance policy, it’s taxed under ... 25-Jul-2025
CA Kapil Sachdev Income under House property What is 'Income from House Property' under Income Tax? It refers to rental income earned from buildings or land attached to buildings, like a garden or parking area, owned by you. Can commercial prope... 25-Jul-2025
CA Kapil Sachdev Taxation of Crypto Is crypto taxed in India? Yes, crypto profits are taxed at a flat 30%, no matter how long you held them. You’ll also have to pay 4% health and education cess and sometimes a surcharge depending on you... 25-Jul-2025
CA Kapil Sachdev Advance Tax What is Advance Tax? Advance Tax means paying tax in parts before the financial year ends, instead of waiting till you file your income tax return. That’s why it’s also called the “Pay as You Earn” sc... 08-Jul-2025
CA Kapil Sachdev Presumptive Taxation for Business What is Presumptive Taxation Under Section 44AD? Presumptive taxation is a simple tax scheme for small businesses. Instead of maintaining detailed books and accounts, eligible businesses can declare i... 08-Jul-2025
CA Kapil Sachdev Presumptive Taxation for Professsionals What is Section 44ADA? Section 44ADA is a simplified tax scheme for certain professionals like doctors, lawyers, architects, and consultants. Instead of maintaining detailed books and calculating ever... 08-Jul-2025
CA Kapil Sachdev Income Tax Return Do I Need to File My ITR? If you’re an individual or HUF, you must file your Income Tax Return (ITR) if any of the following conditions apply. Income Above the Basic Exemption Limit? Yes, you must fil... 07-Jul-2025
