I own a plot of land purchased from my own income and i wish to give it to one of my two sons. Please advice: Which is better: A will or gift deed?
Before suggesting any solution, it would be important to know what exactly gift deed or will is. Transfer of property made voluntarily without any consideration... Read More
Manager
Filing of Income Tax Return without paying Self Assessment Tax makes it defective
Present provisions of section 139(9) of the Income Tax Act: The present provisions of section 139(9) of the Income Tax Act contain the conditions the... Read More
Comparison Between LIC Bima Account Plans I And II
Two new non-linked policies have been launched by Life Insurance Corporation of India- Bima Account I and Bima Account II. These plans are quite simple... Read More
Penalties for Having a Fake or Duplicate PAN Card
Presently, there are more than 12 lakh duplicate PAN (Permanent Account Number) card holders existing in our country. Though the government denies the allegations of... Read More
Capital gains tax rates
2 min read
Depending upon the type of capital assets you have made investment in the tax rates of your capital gains are decided. There are few investments... Read More
Permanent Account Number- How to Acquire Application Form for Duplicate PAN Card
Permanent Account Number (PAN) Card is an ID card issued to the Indian citizens by the Indian Income Tax Department. This PAN Card has got... Read More
NRI liable to pay Income Tax on the income earned in India
According to the Income Tax Act, 1961 a non-resident Indian is defined as any person who is an Indian citizen or a person having an... Read More
Major Changes Expected in Direct Tax Code 2025 and why these matter 
Can an assessee pay House Rent to his parents and claim relief? Would there be any legal complications? 
Boost Your Business & Reduce Taxes: A Guide to Maximizing Benefits Under Section 80JJAA 
What is remedy to taxpayer if the Tax deductor fails to deposit the TDS or fails to file TDS Return