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Aug

Paying Extra Tax for Earning a Rupee More? Marginal Relief to the Rescue

The Indian Income Tax Act is designed not just to collect revenue but to do so equitably. Among its lesser-known but highly beneficial provisions is Marginal Relief – a safeguard for taxpayers whose income slightly breaches a surcharge threshold, leading to disproportionately high tax outgo. In this blog, we break…

Aug

Direct Tax

Share Trading Income-Business Income or Capital Gains?

One of the most frequent questions from stock market participants:Should your share trading income be taxed as Business Income or Capital Gains? This decision impacts:Tax Rate – Slab rates vs concessional 12%/15%Return Filing – ITR-3 (business) vs ITR-2 (capital gains)Compliance – Books of accounts, tax audit applicability Key Principles to…

Jul

NGOs/Trusts & Societies

Darpan Registration Process

What is NGO Darpan? A free online portal by NITI Aayog and NIC that enables NGOs and voluntary organizations to: Register and obtain a Unique ID Access government schemes and grants Improve transparency, efficiency, and accountability Who Can Register? Registered Societies Public Trusts Section 8 Companies (under Companies Act, 2013)…

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Paying Extra Tax for Earning a Rupee More? Marginal Relief to the Rescue

Share Trading Income-Business Income or Capital Gains?

Darpan Registration Process

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