Yesterday, 15 March, was the last day to pay the final installment of advance tax deadline for this financial year. This has to be paid by individuals whose net liability…
Category: Banking And Finance
Missed advance tax final instalment deadline? Here’s what taxpayers should do now to avoid higher penalties
Taxpayers who missed the final instalment deadline on 15 March still have options to limit the financial impact. While the Income Tax Act requires individuals to pay their tax liability…
Tax harvesting can save money—but it can also derail your portfolio
As the financial year draws to a close, many investors start reviewing their portfolios to see if they can reduce their tax outgo. One strategy that often comes up during…
A ₹38 lakh hospital bill—and the top-up claim that took months
Some months ago, a friend called me—relieved and exhausted in equal measure. His mother had just completed a long cancer treatment. The total bill was ₹38 lakh. He had done…
I bought an apartment in 2013 but registered it only in 2025. What is the year of acquisition?
I had paid the full amount of ₹23 lakh to the builder to buy an apartment in 2013, and had got possession the same year without getting the apartment registered…
Can I use MF sales proceeds to pay home loan and get Section 54F benefit?
I bought an apartment in 2022 with a home loan. This year, I have sold equity mutual fund (MF) holdings with gains of about ₹60 lakh. Can I use the…
Advance tax deadline today: Can you pay the final instalment on 15 March via credit card?
The deadline for paying the fourth and for the financial year 2025–26 is due on Sunday, 15 March 2026, where taxpayers are required to clear their outstanding tax liability. It…
Gold investment taxation explained: Jewellery, gold ETF vs sovereign gold bonds
There are many avenues through which one can invest in gold. The major mediums are jewellery, gold coins, gold ETF and Sovereign Gold Bonds (SGB). The profits on these products…
The Netherlands’ new tax experiment—and why investors should worry
There is a simple principle that has underpinned sensible investment taxation almost everywhere: you pay tax when you actually make money—that is, when you sell an asset and pocket the…