Tag Archives: Tax saving for Salaried

All about Gratuity Valuation you need to know !

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 […]

Income Tax Deductions for salaried person- A.Y. 2014-15 and 2015-16

Income Tax Deductions for salaried person The Income Tax Act 1961 provides Income Tax Deductions for salaried prson from gross total income of an assessee, certain deductions there from may be allowed. These deductions detailed in chapter VIA of the said Act which must be distinguished from the exemptions provides in Section 10 of the […]

Approval of building plan is not necessary for availing exemption Under Section 54F

Approval of building plan is not necessary for availing exemption Under Section 54F The assessee has allegedly utilized the Long Term Capital Gain arising from the sale of shares towards the construction of a new residential house after demolition of old building on the plot-in-question. The assessee has claimed exemption Under Section 54F on the […]