tax Archives - S.K.M. & Co

HUF Explained: Can This Structure Really Help You Save Tax?

Indirect Tax, UpdatesMarch 19, 2026287Views 0Likes 0Comments

When it comes to tax planning, most people think in terms of deductions, investments, or salary structuring. But sometimes, the real opportunity lies in how income itself is structured. This is where the concept of a Hindu Undivided Family (HUF) comes into the picture. It’s not new. In fact, it has existed for decades. Yet,…

NPS Tax Benefits 2026: How an Extra ₹50,000 Deduction Actually Works

UpdatesMarch 13, 2026312Views 0Likes 0Comments

As the financial year moves toward its final days, many salaried individuals begin reviewing their tax-saving investments. Most people are familiar with the usual options, insurance policies, ELSS funds, PPF or home loan deductions under Section 80C. But there is one retirement product that quietly offers something more. The National Pension System, or NPS, allows…

Sovereign Gold Bonds: Why individuals get capital gains exemption on RBI redemption, but HUFs pay 12.5% LTCG

UpdatesJanuary 28, 20261KViews 0Likes 0Comments

Overview: what creates the difference Sovereign Gold Bonds (SGBs) have a unique tax benefit that applies only in a specific situation. When an SGB is redeemed with the Reserve Bank of India (RBI), the Income Tax Act provides a capital gains exemption for individual investors. The same redemption, when the bonds are held in the…

Budget 2026: Crypto and Digital Assets Industry Looks to Government for Clear Rules and Tax Relief

UpdatesJanuary 19, 2026508Views 0Likes 0Comments

As India prepares for the Union Budget 2026, the Virtual Digital Assets (VDA) sector is watching closely. With crypto adoption expanding rapidly and global regulatory frameworks evolving, stakeholders believe Budget 2026 could be a turning point for India’s digital asset ecosystem. Union Finance Minister Nirmala Sitharaman is expected to present the Budget on 1 February…

Using house sale proceeds to acquire two adjoining flats and transfer them to children: Tax considerations under Section 54

UpdatesJanuary 12, 20261KViews 0Likes 0Comments

Taxpayers often look to reinvest the proceeds from the sale of a residential house into new property while minimizing capital gains tax and planning succession for their children. A common question is whether two adjoining flats can be purchased using the sale proceeds, and whether such property can later be passed to children without tax…

Choosing Between the Old and New Tax Regime: What Salaried Employees Should Evaluate Before Submitting Investment Proofs

UpdatesJanuary 8, 20263KViews 0Likes 0Comments

As employers begin the annual process of collecting investment declarations and proofs, salaried employees are required to indicate whether they wish to be taxed under the old tax regime or the new tax regime for TDS purposes. This is not a mere administrative choice. The regime selected determines: How tax is deducted from salary during…

Union Budget 2026 and Crypto Taxation: What Market Participants Are Seeking and Why It Matters

UpdatesJanuary 7, 20261KViews 0Likes 0Comments

As preparations for Union Budget 2026 gather pace, the taxation of virtual digital assets (VDAs) has once again come into focus. Since 2022, India has adopted a strict tax-first approach to crypto assets, characterised by high tax rates, transaction-level levies, and limited flexibility for investors. Industry participants are not seeking deregulation. Instead, the current set…

Key Financial and Compliance Changes from January 2026: What Individuals and Businesses Should Prepare For

UpdatesDecember 31, 2025421Views 0Likes 0Comments

From 1 January 2026, a series of regulatory and financial changes will come into effect across taxation, employment compensation, banking, digital payments, and consumer finance. While none of these changes are disruptive in isolation, taken together they will affect government employees, salaried taxpayers, farmers, bank customers, and credit card users. This note summarises the confirmed…

How Marriage and Divorce Affect Income Tax Treatment in India

UpdatesDecember 8, 2025800Views 0Likes 0Comments

Marriage and divorce change several tax positions under Indian law. The impact is seen in the taxation of gifts, spousal transfers, children’s income and alimony. The following is a structured overview of the key rules that clients should be aware of. Wedding gifts Gifts above Rs 50,000 in a financial year are normally taxable. …

Still Waiting for Your Income Tax Refund? You May Be Entitled to Interest

UpdatesNovember 18, 20251KViews 0Likes 0Comments

Many taxpayers who filed their returns on time are still waiting months for their income tax refunds. What often goes unnoticed is that in many cases, the government is legally required to pay interest on delayed refunds. Below is a clear guide to when this interest applies, why refunds get delayed, and what steps taxpayers…

HUF Explained: Can This Structure Really Help You Save Tax?

NPS Tax Benefits 2026: How an Extra ₹50,000 Deduction Actually Works

Sovereign Gold Bonds: Why individuals get capital gains exemption on RBI redemption, but HUFs pay 12.5% LTCG

Budget 2026: Crypto and Digital Assets Industry Looks to Government for Clear Rules and Tax Relief

Using house sale proceeds to acquire two adjoining flats and transfer them to children: Tax considerations under Section 54

Choosing Between the Old and New Tax Regime: What Salaried Employees Should Evaluate Before Submitting Investment Proofs

Union Budget 2026 and Crypto Taxation: What Market Participants Are Seeking and Why It Matters

Key Financial and Compliance Changes from January 2026: What Individuals and Businesses Should Prepare For

How Marriage and Divorce Affect Income Tax Treatment in India

Still Waiting for Your Income Tax Refund? You May Be Entitled to Interest

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