Balwant Jain on Muck Rack

Balwant Jain

Verified
Mumbai
As seen in: Mint, MSN India, MSN Money Canada, The Economic Times, The Indian Express, Firstpost, Flipboard, Outlook (India), Moneycontrol, DNA India, Times Now News and
Covers:  Personal tax, Personal Finance, Investing, insurance, mutual fund investments.
Tax & investment expert. columnist & TV panelist Jainbalwant@gmail.com chat.whatsapp.com/GVn2xAhgzIDCwOuOb2DA7V? Telegram t.me/jainbalwant

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A tax and investment expert. Regularly writes for mainstream newspapers and portals on personal tax and investments.

Articles

Who files the ITR of a deceased spouse if there is no will?

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By Balwant Jain Verified
| MSN India Verified
The death of a loved one often leaves families dealing with legal and financial formalities they may never have anticipated. Among them is the question of whether an Income Tax Return (ITR) must still be filed for the deceased and what happens to assets held in bank and demat accounts with nominees. Understanding the tax rules can help avoid confusion during an already difficult time.
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Who files the ITR of a deceased spouse if there is no Will?

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By Balwant Jain Verified
| Moneycontrol Verified
The basic exemption limit applicable under the old tax regime varies depending on the age of the taxpayer June 28, 2026 / 10:05 IST If the taxpayer opts for the new tax regime, a uniform exemption limit of Rs 4 lakh applies irrespective of the taxpayer's age File ITR only if income or expenses exceed exemption limit Nominees are trustees; legal heirs inherit assets as per law Only one ITR for deceased from April 1, 2025 to December 15, 2025 first published: Jun 28, 2026 10:05 am Discover the...
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Commission Income For One-Time Service Can Be Filed In ITR-1

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By Balwant Jain Verified
| Outlook Money Magazine Verified
One time commission taxable under other sources usually use ITR1. Home loan interest allowed up to two lakh after possession. NRI can file ITR electronically and complete verification within deadline. Q I work in a limited company. Tax has already been deducted on my salary. I also have interest income from bank fixed deposits (FDs) and a savings bank. I have also received a commission of Rs 50,000 for facilitating a private real estate deal during the year. I do not work as an estate agent.
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