Artho Shots
400 Words to Sharpen Your personal finance Skills
#340 – Tax on Rental Income
Tax on rental income in India, governed by the Income Tax Act, 1961, is a key consideration for property owners earning from residential or commercial rentals. Understanding rental tax rules
#339 – Tax on Inheritance and Gifts
Tax on inheritance and gifts in India, governed by the Income Tax Act, 1961, is a critical aspect of wealth transfer for families and individuals. Understanding these tax rules ensures
#338 – Taxation of Freelancers and Consultants
Taxation of freelancers and consultants in India, governed by the Income Tax Act, 1961, is critical as the freelance economy grows—30% of professionals were self-employed in 2024, per IBEF. Understanding
#337 – 5 Common Income Tax Mistakes and How to Avoid Them
Filing income tax returns (ITR) correctly is crucial for compliance, yet many taxpayers make avoidable errors. These mistakes can lead to penalties, delayed refunds, or even legal troubles. Understanding these
#336 – Income Tax Notices: Triggers and How to Handle Them
Income tax notices in India, issued under the Income Tax Act, 1961, are communications from the Income Tax Department to address discrepancies or request information. Understanding the triggers and responses
#335 – Taxation on Private Trusts
Taxation on private trusts, governed by the Income Tax Act, 1961, is critical for managing wealth and ensuring compliance. Understanding the taxation on private trusts is essential to ensure compliance
#334 – Private Trusts: A Wealth Management Solution
Private trusts in India, governed by the Indian Trusts Act, 1882, are powerful tools for estate planning, wealth protection, and succession. Private trusts are now gaining traction among high-net-worth individuals
#333 – Taxation on Gold Monetization Scheme
Taxation on the Gold Monetization Scheme (GMS) in India is a key consideration for depositors seeking to monetize idle gold while ensuring compliance. Thus understanding GMS tax rules is essential.
#332 – Gold Monetization Scheme (GMS)
The Gold Monetization Scheme (GMS) in India, launched in November 2015, encourages households and institutions to deposit idle gold with banks to earn interest, thus reducing reliance on gold imports.