All about Capital Gains on House Property: Capital gains are the gains/ profit earned on transfer or sale of assets. In the article below, I will take you through the capital gains on housing property, how is the short-term and long-term capital gain calculated, applicable tax rates on the sale of property and how you […]
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Here is why a Health Insurance Policy is essential for you: A report released by the World Health Organization on non-communicable diseases (NCD) (commonly known as lifestyle diseases) paints a depressing picture of India. 26 percent of Indians aged between 30 and 70 could die from one of the four major non-communicable diseases – diabetes,
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A guide to long-term and short-term Capital Gains Tax: Mr. Anil Gupta bought a property in the year 2013 and sold the same after 30 months as he was making decent gains on the investment, little did he realize that his gains were subject to short-term capital gains tax. If he had sold the property after completion
““`Capital Gains Tax – The long and short of it Read More »
Reasons for which you may receive an Income Tax Notice Mr. Abhijit Ghosh, a regular income tax payer, one day while checking his mailbox, was shocked to see a notice from the Income Tax Department. He was wondering what went wrong and why he received a sudden notice from the IT Department? He thought he had
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Income Tax Deductions 2023-24 under various Sections for tax planning: Benjamin Franklin once rightly opined “In this world nothing can said to be certain, except death and taxes”. All of us go through the same dilemma of finding out which is the most appropriate method of reducing our income tax liability. Most of us don’t
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Form 16 Form 16 is issued by the employers to the employees after deducting the TDS from their salary. Every employer must issue Form 16, if TDS has been deducted from the employee’s salary as per the law under the IT Act, 1961. Form 16 is a certificate of proof under section 203 of the
Form 16 vs Form 16A vs Form 26AS – Know the Difference Read More »
Most people wake up to tax planning, only when the accounts department in their office rings the alarm bell in December, to submit tax-saving investment proof. A few frantic phone calls and visits to tax planners, and postal/ insurance agents later, the pressing need for investments and the proof thereof are met. Most people make
Which is the best tax saving option between PPF, NPS and ELSS? Read More »
A glance at 9 pillars of Budget 2016: Union Finance Minister Arun Jaitley presented a pro-poor Union Budget in Parliament on 29th Feb, 2016, skimping on a bank bailout and announcing new rural aid schemes. He reiterated his forecast that the economy would grow by 7.6% in the 2015-16 fiscal. His government, Jaitley said, wants
Budget 2016: A Big Picture in Nine Colours Read More »
