How to Set off & Carry Forward Capital Losses
When you calculate your Capital Gains and where the sale receipts from a Capital Asset is less than ...
Received Income Tax Notice for AY 2014-15 – need help?
While on one hand tax sops may be rolled out, still improving tax collections is a sure shot way f...
Can you save tax by transferring money to wife’s account?
Do you transfer money to your spouse’s account so he/she can meet personal expenses, does that mon...
Capital Gains on Debt Funds & Equity Funds
Gains on sale of Debt Funds and Equity Funds are treated differently, let’s see how. Equity Funds ...
Latest on what a Short Term or Long Term Capital Asset is
Generally speaking, when you hold a Capital Asset for 36 months or less – it is a Short Term Capit...
File Form 15G-15H details in ETDS return Form 26Q
As per Income tax rules/Act Deductor is required to file form 15G /15H in ETDS return form 26Q. TD...
Leave Encashment Exemption
Employers usually have a Leave Encashment policy – some may allow you to carry forward a certain t...
Income Tax 8th Amendment regarding Depreciation w.e.f. 01.04.2014
CBDT has issued a notification regarding depreciation on Machinery and Plant w.e.f. 01.04.2014 which...
Deduction U/s 80EE – Deduction of Interest on Loan Taken for residential house property
Deduction in respect of interest on loan taken for residential house property [Section 80EE, applica...
NPS Deposits Deduction
NPS is the National Pension Scheme is the defined contribution pension scheme of The Central Governm...