On Aug 10, US-based short-seller Hindenburg Research released a report that said Sebi chairman Madhabi Puri Buch and her husband Dhaval had investments in offshore investment funds which were used by Vinod Adani, brother of billionaire Gautam Adani, to invest in Adani Group’s stocks. Here’s an explainer on offshore funds, their structure and tax implications:What’s … Read more
House rent allowance (HRA) is an essential part of the salary structure for employees. It is a portion of the salary that is paid to individuals and comes with specific tax benefits. Here are the key considerations and provisions regarding HRA and its implications from a tax perspective.HRA Eligibility An individual must be a salaried … Read more
New rules for NPS partial withdrawal: Starting February 2024, there have been changes in the rules governing partial withdrawals from the National Pension System (NPS). These changes bring about important considerations for subscribers. Here’s how the new rules work and when it’s advisable to opt for a partial withdrawal.New rules for partial withdrawal from NPSAccording … Read more