Where land appurtenant (adjoining) to a residential house is sold, it may be termed as sale of house property and…
or taxation in India, you shall be required to include the UK rental income while computing your total income and…
I have paid rent to two landlords of amounts below `1 lakh. Do I still need to submit the PAN…
For assessment year (AY) 2016-17 (i.e. FY 2015-16), if the income tax returns are not filed within the prescribed due…
I had entered into an agreement to sell a part of my land (purchased for more than 10 years ago)…
The interest earned on KVP is also taxable.
The real estate sector as well as home buyers have high expectations from this year’s Budget. It is expected that…
Section 24 provides two kinds of deductions, firstly, 30 % of the actual value and secondly, the interest payable on…
To promote digital payment, the ministry of finance vide press release December 19, 2016 announced reduction in existing rate of…
The plain reading of Circular No. 20/2015 and Form 12BB suggest that the limit of R1 lakh applies per landlord.
There is an employer-employee relationship between yourself and the company.
As per the third proviso to Section 2(42A) newly inserted by Finance Act 2016, the shares of unlisted company shall…
Tax benefit on loan taken for higher study abroad
I have been showing interest on my minor son’s bank deposit as my income in the tax return. This year…
As per Section 45(1) of the Income Tax Act, gain arising from the sale of a capital asset is taxable…
The Direct Tax Dispute Resolution Scheme, 2016 is open till December 31, 2016 to all, including individuals. Tax litigation covered…
The I-T Act allows rectification of any omission in the return, if it is filed within the due date.
I gifted a plot of land to my wife purchased by me in 2001 which she sold last month. Who…
