Category Archives: Income Tax

Remember to availed new home loan tax benefits of Budget 2016?

Remember to availed new home loan tax benefits of Budget 2016?
While doing your tax planning for this financial year, i.e., 2016-­17, don’t forget to claim some of the new tax benefits introduced in the

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Considerable Points before making fresh investment under Section 80C

Considerable Points before making fresh investment under Section 80C

The fag end of the financial year is when we scurry around and grapple with bewildering alphanumeric combinations like Section 80C and 80DD. If your

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Presumptive Taxation For Professionals

Presumptive Taxation For Professionals
We all know about the Section 44AD of Income Tax Act, 1961s provides for presumptive taxation scheme for eligible persons engaged in eligible business. However such scheme is not available for

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All about Gratuity Valuation you need to know !

All about Gratuity Valuation you need to know !
Gratuity is one of the retirement benefit plan. It is received by an employee from his/her employer in gratitude for the continuous services offered by the

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How much gold you can kept ?

How much gold you can kept ?
After announcement the demonetisation there are wide rumours about putting or holding gold . I tried to clear some of the doubts in the minds of public the

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Transfer of property between firm & partners –Taxation aspects

Transfer of property between firm & partners –Taxation aspects
Introduction: S. 45(3) and S. 45(4) were brought in to the statute book to deem pooling of assets by partners in to the firm and distribution

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