Artho Shots

300 words Crisp articles on various topics related to Finance

learn about Common Income Tax Mistakes

#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 common pitfalls is essential for every taxpayer. What are these errors, and how can you avoid them? Let’s break it down. Incorrect or Incomplete Form …

#337 – 5 Common Income Tax Mistakes and How to Avoid Them Read More »

learn about Income Tax Notices

#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 is crucial. What causes these notices, and how can you handle them? Let’s break it down. Common Triggers for Income Tax Notices: Several actions invite …

#336 – Income Tax Notices: Triggers and How to Handle Them Read More »

learn about Private Trust

#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 (HNIs) and families. What are they, and how do they work? Let’s break it down. What Are Private Trusts? These trusts are vital tools for …

#334 – Private Trusts: A Wealth Management Solution Read More »

learn about Taxation on Gold Monetization Scheme

#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. How are GMS earnings taxed, and what are the compliance requirements? Let’s break it down. What is Gold Monetization Scheme: The Gold Monetization Scheme, allows …

#333 – Taxation on Gold Monetization Scheme Read More »

learn about Section 44ADA

#329 – Section 44ADA: Simplified Taxation for Professionals

Section 44ADA under Income Tax Act offers a presumptive taxation scheme for professionals, easing compliance and reducing bookkeeping burdens. With India’s freelance economy growing section 44ADA is thus a boon for small-scale professionals. What is it, and how does it work? Let’s break it down. What Is Section 44ADA? Introduced in 2016 under Income Tax …

#329 – Section 44ADA: Simplified Taxation for Professionals Read More »

Open chat
Hello...!