Reduction in federal corporate tax rate from 35% to 21% will increase investment by Indian businesses in the US
Section 54 states that exemption from capital gains arising on sale of house property will be available to individuals and…
This section does not make any distinction between set-off of loss on which STT was paid or not paid. STCL…
The expression ‘relative’ includes any lineal ascendant of the individual and includes grandparents. Thus, gift received from your grandmother will…
Under Section 54, taxpayer has to either purchase or construct one residential house for the purpose of his own residence,…
The CBDT has instructed the banks through a notification dated September 13, 2017 regarding deduction of tax at source (TDS)…
In case the house acquired with a home loan is sold within five years from the end of the year…
As such, you need to determine the cost based on the new methodology, i.e., the actual cost of previous owner…
Under the income-tax law, short term capital losses can be adjusted against both long-term as well as short-term capital gains.…
Non-resident can claim benefit of DTAA to avoid income tax here. A non-resident is taxed only on income that is…
Section 56(2) (x) of the Income-Tax Act seeks to impose tax in the hands of recipient subject to certain conditions.
The profit from sale of shares where deliveries have been effected shall be in the nature of non-speculative business income…
Income tax returns can be filed online with or without digital signature and thus, you could have filed the returns…
Section 80D of the Income-tax Act, 1961 covers provisions relating to tax benefits available on account of payment of medical…
Gifts received only on the occasion of marriage are not chargeable to tax.
It is advisable that you file your return of income before the due date even though you do not have…
The newly introduced Rule 26C of the Income-tax Rules, 1962 requires employee to mandatorily furnish Form 12BB mentioning name, address…
As per Finance Act, 2017, the set-off of loss under the head income from house property against any other head…
