While they might sound similar, they are fundamentally different in both practice and legality

The bygone year witnessed remarkable market performance, with Nifty reaching unprecedented all-time highs.

Tax Queries By Jayesh Dadia Chartered Accountant 

I am employed with a closely held private limited company. During the current financial year, I resigned and claimed encashment of leave salary of ₹ 3 lakhs. The employer wants to tax this amount since the same is encashment not on retirement but on resignation. What is your view? 

I am an individual and doing F and O activity (derivatives) at Nifty through a registered broker.

Taxation is regarded as one of the most difficult topics to comprehend. However, we have made it easy for you to comprehend the taxes element of mutual funds in this post.

The new tax collected at source provision is applicable to mutual funds as well as alternative investment funds. Read on to find out more.