Tax Insights & Financial Updates
Stay informed with the latest tax news, financial updates, expert insights, and practical guides to navigate your taxation and financial journey
Schedule FA in ITR-2: Reporting Foreign Assets in India (FY 2025–26 Complete Guide)
For taxpayers who hold foreign assets or bank accounts, reporting in the Income Tax Return (ITR-2) is mandatory under Schedule FA. The FY 2025–26 update retains the reporting requirement, emphasizing full disclosure of: Bank accounts abroad Financi...
NPS Corpus Thresholds 2025: Withdrawal Limits, Slabs & Smart Planning
Introduction The 2025 NPS rule change not only increased lump-sum withdrawal to 80% but also introduced corpus-based slabs that determine how much a subscriber can withdraw at retirement. Subscribers now need to understand: Corpus thresholds and the...
NPS Exit vs Annuity Strategy After 2025 Rule Change: Should You Take 80% Lump Sum or Secure Lifetime Pension?
Introduction: A New Choice, A Bigger Responsibility With the 2025 NPS rule change, subscribers now face a critical retirement decision: Should you withdraw up to 80% of your NPS corpus as lump sum, or allocate more towards annuity for guaranteed pens...
NPS Rule Change 2025: Up to 80% Lump-Sum Withdrawal & 100% Exit Allowed in Certain Cases
The National Pension System (NPS) has undergone one of its most significant reforms in recent years. As per the latest regulatory changes applicable for FY 2025–26, subscribers are now allowed to withdraw up to 80% of their retirement corpus as a lum...
Tax Treatment of Assets & Income After Death in India: Capital Gains, Rental Income & Inheritance (2026 Guide)
A common belief in India is: “Assets received after death are completely tax-free.” This is partially true. While inheritance itself is not taxed, income generated from inherited assets and sale of such assets can attract income tax. This guide expla...
How to File Income Tax Return of a Deceased Person in India (Step-by-Step Process – 2026)
When a taxpayer passes away during a financial year, their income earned up to the date of death still needs to be reported.The Income Tax Act allows a legal heir to file the return on behalf of the deceased. This guide explains the exact step-by-ste...
Income Tax Compliance After Death of a Person in India (FY 2025–26 Complete Guide)
When a person passes away, income tax obligations do not automatically end. Family members often face confusion regarding: Pending ITR filings Income earned before death Notices received after death Responsibility for tax dues This guide explai...
Estate Planning in India: Wills, Nomination, Trust & Succession Planning Explained (2026 Complete Guide)
Most Indians assume that: “Nomination is enough”, or “My family will automatically get everything” Unfortunately, this assumption leads to maximum inheritance disputes in India. Estate planning ensures that your wealth: Goes to the right people ...
Registered Will vs Unregistered Will in India: Which One Is Better? (2025 Complete Guide)
One of the most common questions in estate planning is: “Should I register my Will or is an unregistered Will sufficient?” While Indian law does not mandate Will registration, choosing between a registered and unregistered Will can have major implica...
Income Tax Impact on Sale of Gold and Silver in India (FY 2025–26 Complete Guide)
Gold and silver have traditionally been considered safe-haven investments in India — held in the form of: Jewellery Coins & bars Digital gold ETFs / Sovereign Gold Bonds (SGBs) However, many taxpayers are unaware of the exact income tax impact ...
