Deduction in respect of health insurance premia & medical expenditure under section 80D of the Income tax act, 1961
Provisions applicable for A.Y.2015-2016 and A.Y.2016-2017 for deduction from total income in respect of payment for medical insurance premia and preventive health checkup and medical expenditure under section 80D of the Income tax act, 1961. If you are loking for claiming TSGLI, you can check them out from here!
For small taxpayers- declare income from business @8% or more of total gross receipts/turnover u/s 44AD and get relief from tedious task of maintenance of books of accounts and relaxation from tax audit under Income tax act, 1961
How much TDS to be deducted, procedure for depositing the same, whether applicable on all immovable properties, which form to be filed for furnishing the details, time limit etc.?
Every rental management company would have doubts regarding the Finance Bill. Finance Bill of 2013 w.e.f 01.06.2013 made applicability of TDS (tax deducted at source) on sale of immovable property wherein the purchaser of the property has been casted duty for deducting TDS from the amount to be paid to the seller as consideration for purchase of property and deposit the same to the income tax department.
Clarification regarding tax on capital gains at the time of rollover of FMP’s which are closed ended schemes
Capital gain in respect of units of mutual funds under the fixed maturity plan (FMP) on extension of their term before 10.07.2014 and after 10.07.2014
Section 80E of the Income tax act, 1961 provides for deduction from gross total income of the assessee for the amount of interest paid on loan taken for higher education, commonly referred to as deduction in respect of education loan
If an assessee being an individual has taken a loan for the purpose of pursuing his own higher education or for the purpose of higher education of his relative, than in computing the total income of the assessee deduction in respect of such interest paid out of his income chargeable to tax be allowed under the section 80E of the Income tax act, 1961.
How income taxes are paid? Taxpayer has not to waste time in long queues at the banks for paying their taxes, just login to internet banking and pay and relax, so simple.
Understanding the tax treatment of unexplained cash credits under section 68 of the Income Tax act, 1961 vis-à-vis section 115BBE of the Income tax act, 1961.
Continuous Discharge Certificate for member of crew of ship – New rule inserted in income tax rules for the purpose of determining period of stay in India for residential status of an individual being a citizen of India and a member of the crew of a ship.
For the purpose of determining the period or period of stay in India pursuant to explanation 2 inserted by Finance Act, 2015 to sub section (1) to Section 6 in the case of an individual, being a citizen of India and a member of the crew of a foreign bound ship leaving India, rule 126 has been inserted with retrospective effect from 01.04.2015
Provident funds taxability including withdrawal of balance of provident fund from employees provident fund scheme- tax implications
TDS on Employees provident fund -Section 192A inserted with effect from 01.06.2015
Is it possible to avoid TDS (tax deduction at source) by submitting form no.15G/15H u/s 197A in respect of pre mature withdrawal?
Income tax slab & rates & Marginal relief & MAT for A.Y.2015-2016 (P.Y.2014-2015) for different taxpayers.
For Individuals, Senior citizens, Super Senior Citizen Hindu Undivided families (Huf) AOP’s, (Association of persons), BOI’s (Body of individuals), artificial judicial person, partnership firms, Limited Liability partnership (LLP’s), Companies, Local authority, Co-operative society