• MORE MARKET STATS

Suresh Surana

Articles By Suresh Surana

53 Articles

Landlord’s PAN not needed if annual rent below Rs 1 lakh

The plain reading of Circular No. 20/2015 and Form 12BB suggest that the limit of R1 lakh applies per landlord.

Landlord’s PAN not needed if annual rent below Rs 1 lakh

Income Tax: Reduced value of house is perk for employee

There is an employer-employee relationship between yourself and the company.

Income Tax: Reduced value of house is perk for employee

Your Queries

As per the third proviso to Section 2(42A) newly inserted by Finance Act 2016, the shares of unlisted company shall be considered as short-term capital asset if they are held by the assessee for a period of not more than 24 m

Income tax: Benefit available on loan for child’s study abroad

Tax benefit on loan taken for higher study abroad

Income tax: Benefit available on loan for child’s study abroad

Income tax returns: Income of minor is clubbed with that of parent

I have been showing interest on my minor son’s bank deposit as my income in the tax return. This year my son becomes a major. How will the clubbing provision apply?

Income tax returns: Income of minor is clubbed with that of parent

Income tax filing: Capital gains taxable in year of asset transfer

As per Section 45(1) of the Income Tax Act, gain arising from the sale of a capital asset is taxable in the year in which transfer takes place.

Income tax filing: Capital gains taxable in year of asset transfer

Is partial withdrawal from National Pension Scheme taxable? Find out here

The Direct Tax Dispute Resolution Scheme, 2016 is open till December 31, 2016 to all, including individuals. Tax litigation covered under the scheme pertains to cases pending before the Commissioner of Income-Tax (Appeal) as

atal pension yojana

Income tax returns: Can claim be made under Sec 54 for expenditure on house?

The I-T Act allows rectification of any omission in the return, if it is filed within the due date.

Income tax: One can file belated return for FY16 by March 31, 2018

I gifted a plot of land to my wife purchased by me in 2001 which she sold last month. Who will be taxed for the capital gains?

income tax, income tax return, income tax filing, income tax filing online, income tax efiling

Income Tax Returns: Here are all the forms for filing

Normally, income from house property is taxable in the hands of the owner of the house property. However, in case where an individual transfers a property to a spouse, the individual is deemed to be the owner of the property

5 reasons why you should pay property taxes on time 

Set off short-term capital loss from equity against short-term gain

Income tax laws allow exemption from capital gain on sale of house property if the capital gain amount is re-invested in another new house property within the specified period (2-3 years)

Set off short-term capital loss from equity against short-term gain

Income Tax: Only dividend income in excess of Rs 10 lakh is taxable @10%

I sold a plot of land in April, which I had purchased four years ago. What is the cost inflation index for FY17 and the tax saving?

Income Disclosure Scheme 2016: Trading volume on exchange to decide fair value of share

Income Tax| Your Queries: Loss arising in F&O is treated as business loss, not speculation loss

Only those individuals/HUFs whose total income exceeds Rs 50 lakh are required to provide the details of assets and liabilities

Income Tax| Your Queries: Loss arising in F&O is treated as business loss, not speculation loss

Your Queries: Loan against security of house won’t be regarded as transfer of capital asset

In order to claim exemption under Section 54, you need to invest the capital gain amount in a residential house property.

Your Queries: Loan against security of house won’t be regarded as transfer of capital asset

Income tax laws give you an option to file a belated return

Section 80C allows for deduction of up to the maximum limit of Rs 1.5 lakh for investment made in specified instruments. However, no deduction is allowed under the said section for investment made in Kisan Vikas Patra. Furt

Income tax laws give you an option to file a belated return

Budget 2016: ‘Remove notional tax on second house’

Currently, individuals are taxed at slab rates depending upon the level of income but the tax rates are very complex as they comprise of not only the basic rate (10% or 20% or 30%) but also tax levied on account of levy of ed

Income tax: PF withdrawn before 5 years of continuous service taxable

As per the provisions of Income Tax Act, contribution to recognised provident fund will not attract any tax liability...

Income tax: PF withdrawn before 5 years of continuous service taxable

Income Tax: Wealth tax won’t be applicable from current fiscal year

I own two flats. I stay in one of them and other is under construction. Will wealth tax be applicable in my case? —  Sumit  Das Wealth tax is applicable on specified assets as defined under section 2(ea) of the Wealth Tax

Income Tax: Wealth tax won’t be applicable from current fiscal year

Taxpayers can raise request for re-issue of refund online

Income tax department has come up with various online services for the convenience of taxpayers. For the refund which is returned, you can now raise a request for re-issue of refund online through income tax portal

income tax

Income tax: Deduction up to R3 lakh available on royalty earned from book

What are the tax implications if I keep my flat unoccupied and stay in a rented house?

Income tax: Deduction up to R3 lakh available on royalty earned from book

Income Tax: Concessional rate of tax not available for debt-oriented MF

Where the income is below the taxable limit, there is no obligation on the individual to file his return of income except where he has foreign asset or income.

Income Tax: Concessional rate of tax not available for debt-oriented MF

Income Tax: Super-senior citizens exempt from filing e-returns even if earning over Rs 5 lakh

As per recent changes in the procedure to file returns, relief has been provided to super senior citizen (80 years and above) from electronic filing.

Income Tax: Super-senior citizens exempt from filing e-returns even if earning over Rs 5 lakh

Income tax: You are liable to a fine of R5,000 for late filing of I-T return

You can file the return of income for FY14 at any time before the expiry of one year from...

Income tax: You are liable to a fine of R5,000 for late filing of I-T return

Income tax: Account audit necessary if business turnover exceeds Rs 1 crore in a fiscal

As per Section 2(ea)(iii) of the Wealth Tax Act, if a person holds jewellery as stock-in-trade, such assets are not treated as ‘assets’ for calculation of net wealth under the Wealth Tax Act.

account

Income tax: Hold stocks for 12 months for them to qualify as long-term capital asset

As per the Income Tax Act, the holding period required for listed securities to be classified as a long-term capital asset is 12 months.

Income tax: Hold stocks for 12 months for them to qualify as long-term capital asset

Income tax: Living allowance to employees while on tour exempt from tax

Can I claim exemption against travel expense incurred by my brother?

Income tax: Living allowance to employees while on tour exempt from tax
Advertisement
Income Tax Calculator, Budget 2019, How to Calculate Income Tax

 

Stock Market

Advertisement
Advertisement