How to handle TDS on sale of property The challan (Form 26QB) must be filed within 7 days from the month in which the TDS was deducted by the buyer. Since June 2013, it has been mandatory for buyers of immovable property to deduct TDS on sale of property from the amount to be paid […]
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.
Government has simplifies ITR forms to be less painful to Filing tax returns Income tax form for salaried person will be introduced from April 1, doing away with some columns to simplify the filing of returns. Individuals with salary and interest income will have to fill fewer columns as some of these for claiming income […]
Ten most important changes in Income tax which will apply from 1st April 2017 With the passage of the Finance Bill on Wednesday, the Lok Sabha has completed the budgetary exercise for 2017-18. The Income tax proposals in the Budget 2017 have now become law.
Waiting for last minute investments to save tax ? Worst financial mistakes done as investors rush to make tax saving investments. ELSS funds are top of the ranking of best tax saving options earlier this year. However, though financial planners recommend systematic investing, less than 20% of the total inflows into ELSS funds come through […]
Save tax under section 80C using ELSS fund As You aware that this is the last month of the financial year sees investors rushing to save tax by investing in tax saving instruments. You can save tax by investing upto Rs 1.5 lakh in equity linked savings scheme (ELSS) under section 80C of the Income […]