Section 80CCD – National Pension Scheme There are 770 lakhs registered individual taxpayers as per CBDT (Central Board of Direct Taxes). Individual Taxpayers always in worries about the burden of Direct Taxes. There are numerous provisions under the income tax act 1961 which provide the Tax relief to the different type of assessee whether by […]
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.
Is an end to harassment of Taxpayers? It seems that there is no end of harassment for Taxpayers even though there is a lot of assurance provided by Prime Minister to improve the process.
Save Capital gains tax on selling a shop I recently sold my shop and made capital gains of Rs 33 lakh. How can I save tax on these gains? You will need to pay tax on short-term capital gains at the applicable slab rate,unless you have any capital losses to adjust.If the shop was held […]
of NPS contribution – Tax benefits This let us discuss income tax benefits available for contributions made by you to your NPS account. Though you can open Tier I and Tier II account under the NPS,The tax benefits are available only in respect of contributions made to your Tier I account and the discussion which […]
Cashback on shopping could be taxable! In festive season, Cash backs offered by e-shopping websites to attract customers. But this year, Mr. Sharma is a little hesitant in buying anything from these websites. Last year, he bought a smartphone, laptop, refrigerator, AC, and TV for his new house from one of the e-commerce websites. He […]