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Understanding and managing income tax is a crucial aspect of financial planning for individuals in India. The Income Tax Department of India provides various tools to assist taxpayers in computing their tax liabilities accurately. In this blog post, we’ll delve into the Income Tax Calculator available on the official Income Tax India website and explore the implications of Section 234ABC. The Income Tax Calculator: Simplifying Tax Computation The Income Tax Calculator offered by the Income […]

#  Navigating the Taxation Landscape for Equity Investments in India The 2018 Union Budget of India introduced significant changes to the taxation of long-term capital gains (LTCG) on equity investments. These changes have implications for both existing and prospective investors in the Indian equity market. Here’s a comprehensive breakdown of the key aspects of these changes: 1. LTCG Tax and the Grandfathering Clause: Tax Hike: The LTCG tax on equity and equity-related mutual funds was raised