Medical emergencies can happen unexpectedly, putting a heavy financial burden on salaried individuals. The Employees’ ...

Gifts to a spouse are tax-exempt for the recipient, but Section 64(1)(iv) clubs income from the gifted asset with the transferor's income. Learn about clubbing rules, second-generation income, and ...

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakh. Any cess/surcharge is not ...