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CA SHARWAN

Schedule VDA Explained – How to Report Crypto in ITR

With the rise of cryptocurrency and other virtual digital assets (VDAs), the Indian Income Tax Department has introduced Schedule VDA in the ITR forms. This schedule ensures transparent reporting and correct taxation of crypto-related income. Understanding how Schedule VDA works is essential to stay compliant and avoid penalties. What Is Schedule VDA? Schedule VDA is a dedicated section in the ITR for reporting income from Virtual Digital Assets, including cryptocurrencies… Read More »Schedule VDA Explained – How to Report Crypto in ITR

How to Calculate Crypto Tax in India

Cryptocurrency taxation in India is governed by Section 115BBH of the Income Tax Act, 1961 and applies from FY 2022–23 onwards. With increased scrutiny, data sharing by exchanges, and mandatory disclosures in ITR, understanding how crypto tax is calculated has become essential for investors and traders. Even small or occasional transactions can create tax liability if not reported correctly. Applicable Tax Rate Income from the transfer of Virtual Digital Assets… Read More »How to Calculate Crypto Tax in India

Understanding GSTR 9 Filing with Practical Clarity

GSTR 9 is the annual return that consolidates all GST transactions reported during a financial year. While it may appear to be a summary form, in practice it plays a critical role in validating the accuracy of monthly and quarterly GST filings. Errors or inconsistencies in GSTR 9 often become the starting point for departmental queries, making it essential for businesses and professionals to approach this return with care. Why… Read More »Understanding GSTR 9 Filing with Practical Clarity

Received an Income Tax Notice? Here’s When to Worry and When You Shouldn’t

For many taxpayers, getting an income tax notice can be unsettling. It often raises immediate questions such as, “Did I make a mistake in my return?” In reality, most notices issued by the Income Tax Department are routine, system generated, and simple to address. Understanding the purpose of the notice and the reason behind it can help you respond confidently and avoid unnecessary stress. Why Do Taxpayers Receive Notices? There… Read More »Received an Income Tax Notice? Here’s When to Worry and When You Shouldn’t

ITR-3 Mismatch: New Tax Regime Opted but Old Regime Applied by CPC – Causes, Impact, and Solutions

Many taxpayers filing ITR-3 for the current assessment year are encountering an unexpected issue: even though they selected the New Tax Regime under Section 115BAC, their Income Tax Return has been processed by the CPC under the Old Tax Regime. This mismatch has created confusion for individuals, professionals, and businesses who were expecting lower tax liability or higher refunds under the new structure. If you have faced a similar problem,… Read More »ITR-3 Mismatch: New Tax Regime Opted but Old Regime Applied by CPC – Causes, Impact, and Solutions

NRI Alert: The Real Rules You Must Know Before Buying Property in India

For Non-Resident Indians (NRIs), buying property in India remains one of the most preferred investment choices whether for future relocation, rental income, or long-term wealth creation. However, property acquisition by NRIs is governed by specific rules under the Foreign Exchange Management Act (FEMA). Understanding these regulations is essential to avoid legal complications and ensure a smooth purchasing experience. This guide breaks down the actual rules that every NRI should know… Read More »NRI Alert: The Real Rules You Must Know Before Buying Property in India

New Labour Law Changes from 21 November 2025: What Every Employer Should Know

Big changes are coming to India’s labour landscape. Starting 21 November 2025, the government is rolling out the long-awaited four Labour Codes, which aim to simplify HR rules, protect workers better, and bring more consistency to employment practices across the country. If you run a business, manage HR, or handle payroll, these updates will directly impact how you hire, pay, and manage your team. Let’s break it down in simple… Read More »New Labour Law Changes from 21 November 2025: What Every Employer Should Know

7 Reasons ULIPs Often Outperform Traditional Savings Plans

When it comes to long-term financial planning, most people eventually face a common question: Should I invest in a traditional savings plan or choose something more flexible and growth-oriented like a ULIP? Traditional plans offer stability, but they don’t always match the pace of modern financial needs. ULIPs, on the other hand, blend protection and investment in a way that appeals to today’s investors who want control, transparency, and better… Read More »7 Reasons ULIPs Often Outperform Traditional Savings Plans

Tech-Driven Transformation: How Digital Innovation Is Reshaping India’s GST Ecosystem

Since its introduction in July 2017, the Goods and Services Tax (GST) has reshaped India’s indirect tax landscape. But the most transformative element of GST isn’t the tax structure itself it’s the technology powering it. Digital tools, automation, and data intelligence have turned GST into a model for modern tax administration, making compliance simpler and more transparent than ever before. GSTN: The Digital Backbone At the heart of this transformation… Read More »Tech-Driven Transformation: How Digital Innovation Is Reshaping India’s GST Ecosystem

Bricks Over Bullion: Why Real Estate Remains the True Path to Wealth

For generations, people have asked one simple question: what is the best way to build lasting wealth? Should you hold on to gold or invest in property? Gold has always represented security and status, but in today’s world, real estate stands out as the smarter, stronger, and more rewarding investment. Here is why owning property continues to be one of the most reliable ways to grow wealth. Real Estate Keeps… Read More »Bricks Over Bullion: Why Real Estate Remains the True Path to Wealth