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Business News > Mint Authors > Gautam Nayak

Gautam Nayak

ARTICLES BY GAUTAM NAYAK

The lack of coherence in taxation across investment vehicles hurts transparency and creates loopholes. (Image: Pixabay)

Why India's collective investment tax rules need an overhaul

4 min read . 21 Apr 2025

Starting this financial year, payments or credits exceeding ₹20,000 to partners of a partnership firm will attract TDS at 10%.

New TDS rules for partnership firms: What you need to know

3 min read . 03 Apr 2025

With effect from 23 July 2024, indexation of the cost of acquisition is not available for computing capital gains income but is available as an alternative computation for computing the long-term capital gains tax on the sale of immovable property. Image: Pixabay

Capital gains tax: Adding unclaimed home loan interest to cost of acquisition

1 min read . 15 Jan 2025

From April 2023, the law has been amended to clarify that any interest claimed as a deduction under house property income or under sections 80C or 80EEA cannot be included in the cost of acquisition of the property. (Image: Pixabay)

Turning housing loan interest into cost of acquisition during property sale

3 min read . 04 Jan 2025

These are, in most cases, blatant mistakes in processing the tax returns, such as not giving credit for TDS that appears in Form 26AS or incorrectly calculating some deduction or interest. (HT)

Tax systems prove taxing for taxpayers

3 min read . 01 Oct 2024

The tax authorities have held that spending has to be in India, even if the benefit flows to the public in India to qualify for exemption. (Image: Pixabay)

Tax exemption for trusts: Spending in India or benefit in India?

4 min read . 02 Sep 2024

Past committees had produced some of the most comprehensive reports, but their excellent suggestions were seldom acted upon by the government. (HT_PRINT)

Income tax reforms: Will the review deliver on promises?

3 min read . 26 Aug 2024

The fineprint and the math show no real benefit to the taxpayer. (iStockphoto)

Budget 2024: The TCS credit against TDS on salary is a toothless provision

4 min read . 28 Jul 2024

The big shock, however, lies in the complete elimination of indexation of cost for all other long-term capital assets. (Photo: iStock)

Budget deals capital gains tax blow to investors

4 min read . 24 Jul 2024

First and safest option is to file a revised income tax return. In a revised return, you can correct any and all mistakes. (Photo: Mint)

Options for correction of mistakes in past income tax returns

4 min read . 27 May 2024

Taxpayers can object to any incorrect transaction by giving their feedback on the department’s compliance portal.

E-verification of ITRs: mismatches and the mistakes

3 min read . 11 Mar 2024

From an income tax perspective, the charitable trust option does seem to be the better option. (HT)

Should charity be done directly or through a trust?

3 min read . 11 Dec 2023

When one sells a property that is under construction, the date on which the property has been acquired is the date of acquisition.

Indexation and cost of acquisition of an under-construction property

3 min read . 26 Oct 2023

There are a large number of cases where foreign assets have been acquired out of disclosed incomes. (iStockphoto)

Review penalty for non-disclosure of foreign assets

4 min read . 09 Oct 2023

Tax on reduction of capital: Here’s how shareholders will get affected

3 min read . 13 Jul 2023

Leave encashment received on retirement is exempt from tax. (Photo: istock)

Decoding the tax exempt status of encashed leaves

1 min read . 05 Jun 2023

Here are the tax risks of being a joint holder

3 min read . 09 May 2023

Are taxpayers unwittingly giving an interest-free loan to the government?

4 min read . 20 Apr 2023

Housing and the budget impact on redevelopment

3 min read . 20 Mar 2023

Can India’s tax systems override its tax laws?

3 min read . 17 Jan 2023