Under the Income Tax Act, 1961, income earned during the year must be classified under appropriate heads for the purposes…
Under the income-tax provisions, tax credit is to be claimed in the year in which the income is offered for…
If an employee receives pension from former employer then such amount is eligible for standard deduction.
Dividend received from a domestic company is exempt u/s 10(34) of the Income Tax Act, 1961.
As per Section 54EC, you can invest your proceeds from sale of house up Rs 50 lakh in tax saving…
Get tax exemption of Rs 10,000 on savings bank a/c interest income.
Under Section 9 of Income-tax Act, 1961, income could be subject to tax in India if the institution has some…
Ordinarily, the benefit of housing loan for repayment of interest and principal is allowed to the person who owns the…
ITRs for FY 2014-15, FY 15-16 and FY 16-17 can’t be filed now as time for filing has gone.
If the property is jointly owned, then rental income would be taxed in your and your wife’s hands in the…
The part of employee’s own contribution shall be taxed to the extent deduction for the same is availed u/s 80C…
The LTCG claim will not be reversed for fault of a builder as there are various rulings in favour of…
If the population exceeds one lakh but doesn’t exceed 10 lakh, then it shall not be within six kilometers and…
You will lose LTCG tax benefit if new property is sold within three years of purchase
For the first question, you can invest the proceeds from sale of more than one house property into one house…
If you have taken the deduction of capital gain in the year of sale of original flat, the construction of…
If your total income taxable in India exceeds Rs 3,00,000; then you would be liable to file income tax return…
The postal department may not have mentioned correct PAN while filing TDS and hence it is not reflected in your…
