Knowledge Center

Galactic Advisors

Raising funds for your startup? Let the taxation be our headache!

India has seen a boost in the funding raised by budding entrepreneurs for their startups. As per a study conducted, Indian startups have...

Galactic Advisors

Got Plans for 31 December? Ensure to file your ITR before that to enjoy your new year plans

31 December means the end of the year, New Year parties, New Year Resolutions, new hopes, new aspirations and….ITR deadline (didn’t see...

Galactic Advisors

Big relief for option writers - change in tax audit criteria

Option premium for option writers is no longer included in turnover. Read on to understand the implications.

Galactic Advisors

You probably don't need to worry about the new GST on rent

Rent for residential purposes continues to remain exempt. Guest houses and employee housing becomes taxable

Galactic Advisors

Buy an EV to save tax

Deduction on purchase of an EV is available for all individuals. Deduction amount is INR 150,000

Galactic Advisors

How does the 1 lakh LTCG tax exemption work?

You should book 1 lakh in Long term capital gains on equity or equity mutual funds every year. Why? Because the first INR 1 lakh in...

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Galactic Advisors

Raising funds for your startup? Let the taxation be our headache!

India has seen a boost in the funding raised by budding entrepreneurs for their startups. As per a study conducted, Indian startups have...

Galactic Advisors

Got Plans for 31 December? Ensure to file your ITR before that to enjoy your new year plans

31 December means the end of the year, New Year parties, New Year Resolutions, new hopes, new aspirations and….ITR deadline (didn’t see...