This Independence Day 2024 marks India’s 78th year as an independent nation, after earning a hard-won victory against the English forces in 1947. As we celebrate this momentous occasion by unfurling the tricolour, and proudly voicing the National Anthem, we must also consider how far the country has come, in its post-independence journey. For the … Read more
Schedule AL was introduced in 2016 after the discontinuation of the wealth tax. Prakash Hegde, chartered accountant at Acer Tax & Corporate Services LLP, explains, “The government wanted a monitoring system to check if the value of a taxpayer’s assets corresponds to the income earned by them. Thus, Schedule AL was introduced.” To help taxpayers … Read more
How can we report income from real estate investment trusts (Reits) and infrastructure investment trusts (Invits) in the income tax return (ITR)? Also, how do we fill up Schedule FA (foreign assets) for Restricted Stock Units (RSUs) of the same company (as in the case of Amazon) awarded over multiple years? Should they be aggregated … Read more
We, Indians, hold our traditions and cultural beliefs very close to our hearts, finding significance in the rituals that shape our lives. The auspicious festival of Akshaya Tritiya, falling on the third day of the Hindu month of Vaishakha, carries a sacred message of prosperity and success. Hence, purchasing gold on this day is considered … Read more
In the month of February, there were 5,371 pending investors’ complaints at the start of the month, data released by the markets regulator Securities Exchange Board of India (Sebi) reveals. A total of 4,761 complaints were received in the month of February on SCORES platform out of which 4,471 were disposed as on Feb 29, … Read more
However, the large ticket size meant that the asset class was always exclusive to HNIs or institutional investors. Over the last half a decade, with the advent of tech platforms and listing of Real Estate Investment Trusts (REITs), this asset class has become more accessible to the general public due to smaller ticket sizes in … Read more