Income Tax Return

Listed equity/equity MF held over 12 months: LTCG at 12.5% above the ₹1.25 lakh annual exemption (with grandfathering for pre-31 Jan 2018 holdings). Held under 12 months: STCG at 20%. Debt funds bought after April 2023 are taxed at slab rates. We compute scrip-wise from your broker statement.

Property held over 24 months is LTCG — taxed at 12.5% without indexation, or 20% with indexation for properties bought before 23 July 2024 (you can choose the lower). Exemptions under 54 (buy another house) or 54EC (capital gain bonds) can eliminate the tax if planned in time.

Yes, if your India-source income (rent, capital gains, interest on NRO) exceeds the basic exemption, or to claim refund of excess TDS (TDS on NRI property sales and NRO interest is steep). DTAA benefits often reduce the final liability significantly.

Residents (ROR) must disclose all foreign assets — bank accounts, stocks (including US RSUs/ESPPs), property — in Schedule FA. Non-disclosure attracts a ₹10 lakh penalty per year under the Black Money Act, even if tax was paid. NRIs/RNORs are exempt from FA.

Virtual digital assets are taxed at a flat 30% with no deduction except cost of acquisition, plus 1% TDS on transfers. Losses cannot be set off against anything — each asset is computed separately in Schedule VDA.

Short-term losses set off against any capital gains; long-term losses only against LTCG. Unused losses carry forward 8 years — but only if the return is filed by the due date. This alone often justifies timely expert filing.

If your total tax liability (after TDS) exceeds ₹10,000, you must pay advance tax in four instalments (Jun/Sep/Dec/Mar). Missing them triggers 234B/234C interest. We compute your instalments as part of the engagement.

Submit feedback on the AIS portal disputing the entry, and file based on actual records. We handle AIS feedback as part of preparation — unexplained mismatches are the top cause of e-campaign notices.