Union Budget 2019 India: The Securities and Exchange Board of India (Sebi) allows a mutual fund to segregate the downgraded…
The fate of the existing unregulated schemes is still unclear and the depositor may have to wait for some time…
The Interim Budget announced the I-T department’s upcoming project wherein ITRs would be processed within 24 hours and refunds, if…
Though I-T Act does not prohibit taxpayers from buying a new house in the name of close relatives, it is…
Under the Indian Income Tax Act, 1961 also, HUF has been identified distinctly from the family members as a ‘person’…
The different types of ITR forms released are based on various sources of income earned.
Whenever a property is sold in India, the seller makes a capital gain.
Besides presumptive business income, ITR4 or Sugam allows declaration of income from salary/ pension, income from one house property and…
Benefit of capital gains not available on commercial property
Only one property can be declared as self-occupied house property by the joint owners which is occupied by them and…
With the Modi government tightening its noose on tax evaders, there has been a tremendous rise in the number of…
If one have entered into a joint development agreement with seller, then there is a liability to deduct TDS @10%…
A married daughter is considered as members of the HUF as per the Hindu law.
Employees need to submit Form 12BB to their employer, mentioning the property owner’s name, address and the PAN.
A Bombay High Court order has linked the taxability of builders’ income with the year in which it was earned…
You do not have to pay tax on gift received on marriage or by will.
Income tax returns already filed for financial year 2016-17 (i.e., assessment year 2017-18) can be revised till March 31, 2019.
There is no requirement to quote PAN of landlord while filing ITR. Considering you are a salaried assessee, PAN of…
