Unexplained deposits in focus The income-tax department will in all likelihood go into overdrive in the next three months with the Central Board of Direct Taxes — the apex body — alerting all senior tax officials that their performance is being “monitored at the highest level.” It will also give a renewed push towards imposing […]
Category Archives: Income Tax
Income Tax is the tax which directly levy on income of any personal.Central Board of Direct tax manage all the things related Direct Tax.
How to claim deduction under section 80c on tuition fees Sending kids to school has an inbuilt tax advantage for parents. This is because tuition fee qualifies for tax benefit under Section 80C of the Income-tax Act, 1961. The amount of tax benefit is within the overall limit of the section of Rs 1.5 lakh […]
Less known facts about home loans Buying a house means making your dream come true where you spend hours and days looking for a suitable property, checking backgrounds and finally scouting for the best deal on a home loans (unless you have loads of money to pay for the house without taking a mortgage).
Amendments related to Charitable and religious trusts by FA 2017 Finance Act 2017 had made some major changes relating to Charitable and religious trusts. These amendments have the far-reaching impact on the taxation of Charitable and religious trusts. In this Article, we have discussed five major amendments which are affecting Charitable and religious trusts.
How are Partners different from Designated Partners in LLP? The LLP Structure is mainly influenced by characteristics of General Partnership under Indian Partnership Act, 1932. Here, the normal partnership firm provides types of Partners based on their participation in day-to-day operations. However, as the Limited Liability Partnership derives the characteristic of corporate entity from Private […]