Can you claim Deduction under Section 80EE in Financial Year 2014-15?
There are several tax savings that come when you buy a house. Section 80EE is one of them. Section 8...
5 Financial Resolutions you must make for 2015
While financial prudence is never out of vogue, if New Year resolutions are your thing – we bring ...
Do Minors have to pay Income Tax?
A child who is less than 18 years old is a minor. Do minors have to pay Tax on their Income? Lets ta...
Tax Benefit on Stamp Duty & Registration Charges of a Property
Purchasing a house is certainly an expensive affair. The outgo sometimes empties our bank accounts. ...
Penalty order passed U/S 271C for non-deduction of TDS, beyond period of 6 months from date of reference for imposition of penalty would be barred by limitation
Recently, ITAT Jaipur Bench in M.D.S. Universityvs. Assistant Commissioner of Income-tax held that, ...
Deduction u/s 80GG
In computing total income, an assessee is allowed a deduction in respect of expenditure towards paym...
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...
Deduction of Value of Land in arriving at the consideration
State of Karnataka Vs. Reddy Structure (P.) Ltd. 1. Heard learned counsel for the parties. These rev...
Method of Calculation of Deduction Under Section 87A in Income Tax Act
Section 87A (Inserted by Finance Act 2013) Relevant for Assessment Year 2014-15 (Previous Year 2013-...
DEDUCTION FROM SALARY FOR F.Y. 2013-2014/ A.Y. 2014-2015
The deductions from Salary for Financial Year 2013-14 are the following: 1. Entertainment All...