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).
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.
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 […]
Gift Taxability Under Section 56 2(VII) GIFT In India for an individual and HUF Gift is a very common in Income tax term but to avoid the tax evader Government has made some provision related to this concept but subject to the below provision you can make tax planning accordingly.
Selective capital reduction – Applicability of section 50CA and section 56(2)(x) of Income-tax Act, 1961 Capital reduction refers to corporate reorganization activity in which the existing share capital is extinguished. Companies consider utilizing this route for various business reasons, such as returning excess capital to shareholders, distributing assets to shareholders, loss of original share capital […]