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Only Resident Taxpayers Can Submit Form 15G To Bank For Nil Tax Deduction On Interest Income

A non-resident taxpayer can make an application to the assessing officer under Section 195 (3) for nil deduction of tax at source on interest received on bank deposit. A homebuyer cannot claim tax benefits under Section 80C for home loan taken from a relative. A homeowner can claim HRA benefit on rented stay even after taking possession of his/her house from builder

BY Balwant Jain

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What Is A Fresh Issue Vs An Offer For Sale In An IPO?
What Is A Fresh Issue Vs An Offer For Sale In An IPO?

When a company raises funds through an initial public offer (IPO), it can either issue new shares (fresh issue) or allow existing shareholders to sell a portion of their stake, also known as offer for sale (OFS). Understanding the difference between a fresh issue and an OFS can help investors see what the company wants to achieve from its offering.

BY Rishabh Raj

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