Tag Archives: #RetirementTaxAdvice

Which ITR to file for pensioners?

ITR for pensioners

ITR for pensioners   Pensioners typically file their income tax returns using ITR-1 or ITR-2, depending on their sources of income. Here’s a general guideline ITR for pensioners: ITR-1 (Sahaj): Pensioners who have income from sources such as pension, interest, and rental income (excluding income from business or profession) and do not have capital gains… Read More »

Should I pay capital gain to income tax?

Tax planning for property sale

Tax planning for property Sale Tax planning for property sale, Capital gains tax: As an 80-year-old individual who is selling his own earn immovable property. May be liable to pay capital gains tax on the sale, depending on the specific details of the transaction. Capital gains tax is a tax levy on the profit earn… Read More »