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 last budget. Home loan borrowers should remember to claim these additional benefits if they qualify.Further, those who do not get […]
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.
Presumptive Taxation For Professionals We all know about the Section 44AD of Income Tax Act, 1961s provides for presumptive taxation For Professionals scheme for eligible persons engaged in eligible business. However such scheme is not available for professionals. Hence, for reducing the compliance burden, the Finance Act, 2016 has inserted the section 44ADA being a […]
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 employee in the company and required Gratuity Valuation . It is one of the retirement benefits offered by the employer […]
How much gold you can kept ? After announcement the demonetisation there are wide rumours about How much gold you can kept . I tried to clear some of the doubts in the minds of public the CBDT issued a clarification on 1st December, 2016.
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 of assets by the firm to partners on dissolution or otherwise, as transfers for tax purposes with a view to […]