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Filing ITR-U is a provision under Section 139(8A) that allows taxpayers to correct missed capital gains income or other omissions from a previously filed return. It provides a structured way to update income details, pay any additional tax, and reduce the risk of scrutiny. Missing capital gains—whether equity, property, or mutual funds—is one of the most common errors, and ITR-U enables reporting these gains correctly even after the original deadline has passed. Platforms lik

Most experienced investors understand markets far better than they understand how their own investment activity ultimately gets interpreted during tax filing. They know how to evaluate valuations, analyze sectors, track earnings cycles, rebalance portfolios, and optimize returns across asset classes. Many actively monitor portfolio analytics throughout the year and operate with significant sophistication while making financial decisions. But the moment filing season begins, e

A lot of landowners want to build a home on their property. Nevertheless, the landowner can lack the funds and other assets necessary to support a significant building project. In these situations, the landowners provide their property to a builder so that the latter can construct it and receive payment. A 'joint development agreement' is the term used for this arrangement. Section 45(5A) of the Income Tax Act describes how income resulting from this special arrangement is ta

Technology platforms today are no longer operating independently. Financial ecosystems that once focused on solving only one use case are gradually becoming more connected through APIs, SDKs, and embedded infrastructure. Payment apps now support lending. Banking apps support investing. HR platforms support financial wellness. Across fintech, platforms are increasingly trying to reduce friction between connected financial activities instead of forcing users into disconnected j

Filing an Income Tax Return (ITR) that involves capital gains from shares and mutual funds can be daunting for many taxpayers, particularly because of the nuances in the tax treatment of different types of capital gains. Understanding the correct forms to use, the tax rates applicable, and the procedures for accurate reporting is essential to ensure your compliance with tax laws. Let us explore the entire process, focusing on Assessment Year (AY) 2025-26. From selecting the r

Modern investing platforms have successfully removed friction from almost every part of investing. Users can execute trades instantly, track portfolios live, access sophisticated market research, analyse opportunities through advanced analytics tools, and monitor returns continuously through mobile-first ecosystems. Investing today feels faster, smarter, and more accessible than ever before. But the experience changes significantly once the reporting season begins. Suddenly,

Long-Term Capital Gains (LTCG) are profits earned from selling a capital asset after holding it for the prescribed long-term period. These assets may include listed shares, equity mutual funds, land, house property, gold, debt instruments, and other investments. For listed equity shares and equity-oriented mutual funds, the asset is generally treated as long-term if held for more than 12 months. For many other assets, such as property and gold, the holding period is generally

Reporting mutual fund redemptions and capital gains correctly in an Income Tax Return (ITR) ensures compliance with the Indian Income Tax Act and prevents mismatch notices from the department. Each redemption—whether from equity, debt, or hybrid mutual funds—must be classified as short-term or long-term based on the holding period, and taxed accordingly. Gains are declared under Schedule CG, while dividends fall under income from other sources. With revised rules under Budget

From April 1, 2026, India’s tax system is set to undergo a structural shift with the implementation of the Income Tax Act 2025. While the basic tax rates remain largely unchanged, several important updates will affect how income is reported, how deductions are claimed, and how different types of financial transactions are taxed. The focus of these changes is not on increasing the tax burden but on simplifying the overall framework. A unified “Tax Year” system will replace the

Filing Income Tax Returns (ITR) for capital gains from shares and mutual funds requires careful reporting of profits earned from investments. Accurate declaration ensures compliance with the Income Tax Act, avoids penalties, and maximizes tax efficiency. With multiple sources of capital gains—short-term and long-term—investors often face confusion over reporting requirements, calculations, and applicable exemptions. Online platforms like TaxBuddy simplify this process by prov