Tax, GST & finance, explained clearly.
Original coverage of Indian tax rulings, GST changes, compliance deadlines and money decisions — distilled into plain English by the Bluman editorial desk.
Is Your Rs 12 Lakh Income Really Tax-Free? The Capital Gains Catch That Trips Many Taxpayers
Many residents expect zero tax if their income—including capital gains—is below the exemption limit. But with LTCG and STCG taxed at special rates, the rules are more complex. Here’s how it actually works.
12 Sept 2026 · 4 min read
Paid Business Expenses with a Spouse’s Credit Card? Why Proper Documentation Now Matters More than Ever
The Mumbai ITAT says business owners can claim genuine business expenses paid via a spouse’s credit card if reimbursed and fully documented. But incomplete paperwork or income mismatches can still trip up your tax return.
12 Sept 2026 · 4 min read
Own land in a JDA and receive rent via a partnership firm? Why you shouldn’t face double taxation
Rental income received by a partnership firm under a JDA can’t be taxed again as income of the landowner partners, rules ITAT Bangalore—avoiding double taxation pitfall for property owners.
12 Sept 2026 · 3 min read
Selling Family-Owned Property? What Section 50C Means for Co-Owners—and Why Evidence Matters Most
When selling jointly owned family property, a lack of documentary proof about share and cost can push your tax higher under section 50C. Here’s what co-owners need to know.
12 Sept 2026 · 3 min read
Employer Gifts Up to ₹15,000 Will Soon Be Tax-Free: How the Higher Limit Changes Your Salary Package
From April 2026, employees can receive gifts or vouchers up to ₹15,000 per year from their employer tax-free. Learn which gifts qualify, how the new rules work, and what changes for payroll reporting.
10 Sept 2026 · 4 min read
Returning to India with a US IRA? The Trigger Point for Indian Tax Surprises, Explained
If you're coming back to India after working in the US with an IRA or 401(k), your tax dues depend on your residential status — and new rules let you defer some taxes, but the process is not automatic. Here's what to watch for.
10 Sept 2026 · 3 min read
Advance Tax Deadline on September 15: What Salaried Taxpayers With Extra Income Must Not Overlook
The second advance tax instalment for FY 2026-27 is due September 15. Do you need to pay as a salaried taxpayer? How to calculate, who is exempt, and risks of missing a payment explained.
9 Sept 2026 · 4 min read
How Much Cash Can You Deposit Into a Savings Account in India? 2026 Rules, Tax Triggers and Reporting Explained
For 2026, there's no legal cap on cash deposits in Indian savings accounts—but deposits over ₹10 lakh in a year trigger tax department reporting, while documentation and clarity of source are essential to avoid severe penalties.
9 Sept 2026 · 4 min read
Understanding 'Income from Other Sources' Under the Income Tax Act 2025: What Taxpayers Must Know
Income from Other Sources is the residual head under the Income Tax Act 2025. Learn what falls under this category, key deductions, gift tax thresholds, and the latest changes effective from April 2026.
9 Sept 2026 · 5 min read
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