income tax act

You may claim 50-100% deductions on the donation made in case the charitable institution is registered.. Photo: Mint

Know how you can claim tax deductions on donations via crowdfunding platforms

[ad_1] As the second wave of the pandemic ravages the country, social media websites are flooded with donation requests from people in need. These requests are generally raised through crowdfunding platforms, where like-minded people come together to raise funds for a cause. If you are donating through such platforms, you should know that you may […]

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FILE PHOTO: A salesman arranges gold ornaments, on a display board, inside a jewellery showroom (REUTERS)

How income tax rule applies on capital gains after sale of jewelry

[ad_1] Income tax calculator: Gold, silver or any other precious metal jewelry bought by an Indian is considered investment by the income tax department of India. As per the income tax act, if a person sells one’s jewelry then short-term capital gain or long-term capital gain becomes applicable (depending upon the time of acquisition). In […]

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