CA Vikram Mehta

After advising hundreds of clients this tax season, I want to settle the new vs old regime debate with actual numbers — not vague generalisations. THE CORE DIFFERENCE Old regime: More deductions available (80C, 80D, HRA, LTA, home loan interest etc.) but higher slab rates. New regime: Lower slab ra... Show more

Budget 2024 significantly changed the capital gains taxation on mutual funds. If you are an investor and haven't recalculated your strategy, this article is for you. THE KEY CHANGES (effective 23 July 2024) 1. LTCG ON EQUITY MUTUAL FUNDS Earlier: 10% on gains above Rs 1 lakh (with grandfathering a... Show more

Section 44AD is one of the most underutilised provisions of the Income Tax Act. If you are a small business owner or freelancer with turnover below the threshold, this could simplify your life significantly. WHAT IS PRESUMPTIVE TAXATION? Instead of maintaining books of accounts and getting them aud... Show more

Section 44AD is one of the most underutilised provisions of the Income Tax Act. If you are a small business owner or freelancer with turnover below the threshold, this could simplify your life significantly. WHAT IS PRESUMPTIVE TAXATION? Instead of maintaining books of accounts and getting them aud... Show more

Budget 2024 significantly changed the capital gains taxation on mutual funds. If you are an investor and haven't recalculated your strategy, this article is for you. THE KEY CHANGES (effective 23 July 2024) 1. LTCG ON EQUITY MUTUAL FUNDS Earlier: 10% on gains above Rs 1 lakh (with grandfathering a... Show more

After advising hundreds of clients this tax season, I want to settle the new vs old regime debate with actual numbers — not vague generalisations. THE CORE DIFFERENCE Old regime: More deductions available (80C, 80D, HRA, LTA, home loan interest etc.) but higher slab rates. New regime: Lower slab ra... Show more