Income Tax

How to Save Capital Gains Tax? 2 min read

• Income Tax

How to Save Capital Gains Tax?

Manager 9 years ago

As per provisions of Income Tax Act, 1961, any long term capital gains arising from transfer of any capital asset would taxable unless specifically exempted.... Read More

Limitations of Audit under Section 44AB, Income Tax Act 2 min read

• Income Tax

Limitations of Audit under Section 44AB, Income Tax Act

Manager 9 years ago

Applicability of Section 44AB of the Income Tax Act: The44AB section provides that people having business or profession should get his accounts audited by a... Read More

Rules Relating to Gift Tax in India 2 min read

• Income Tax

Rules Relating to Gift Tax in India

Manager 9 years ago

Your mother transferred an amount of money to your bank account for helping you for a certain reason. Have you ever thought that is there... Read More

How to Save Capital Gains Tax? 2 min read

• Income Tax

How to Save Capital Gains Tax?

Manager 9 years ago

Normally the tax imposed on any long term capital gain through sale of asset is 20 per cent of the consideration. As such the tax... Read More

A summary on some uncommon tax saving tips 2 min read

• Income Tax

A summary on some uncommon tax saving tips

Manager 9 years ago

For many people ‘tax savings’ mean sand include life insurance policies, National Savings Certificates , etc. which qualify for tax deduction as provided in  Section 80 C... Read More

NRI and His Tax Liabilities 2 min read

• Income Tax

NRI and His Tax Liabilities

Manager 9 years ago

Non-Resident Indian, more popularly known as NRI is defined in the Foreign Exchange Management Act (FEMA), 1999 and the Income Tax Act, 1961. NRI means a... Read More

Investment in Family Members’ Name Can Help in Tax Planning 2 min read

• Income Tax

Investment in Family Members’ Name Can Help in Tax Planning

Manager 9 years ago

An individual assessee gets many exemptions u/s VI. There are various investment opportunities that can fetch tax savings for us. But there is a question,... Read More

A summary on Section 234E of the Income Tax Act 2 min read

• Income Tax

A summary on Section 234E of the Income Tax Act

Manager 9 years ago

The constitutional validity of Section 234E has been challenged by the different High courts in the cases appearing before them. Fee for default in furnishing... Read More

Assets installed in a discontinued business are too eligible for depreciation 4 min read

• Income Tax

Assets installed in a discontinued business are too eligible for depreciation

9 years ago

The Hon’ble Bombay High Court in the case of Commissioner of Income Tax¬ (Appellant) vs. Sonic Biochem Extractions Pvt. Ltd. (respondent) being ITA No. 2088... Read More

SBI- Life Sudarshan Plan

• Income Tax

SBI- Life Sudarshan Plan

9 years ago