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...
CPC Directs to TAX Deductors to followup payment of "TAX Deducted" with stipulated time
You may be awaree that, inaccordance with the provisions of Rule 30 of the Income Tax Rules, 1962; a...
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...
Notification on Transfer Pricing
SECTION 92C OF THE INCOME-TAX ACT, 1961 – TRANSFER PRICING – COMPUTATION OF ARM’S ...
Leave Encashment Exemption
Employers usually have a Leave Encashment policy – some may allow you to carry forward a certain t...
CBDT mandates issue of nil TDS certificate to deductor and lower TDS certificate to recipient of income
As per the Provision of the Income Tax Act, 1961 (‘the Act’), CBDT has issued a notifica...
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...
Gujarat High Court directs CBDT to extend due date for filing of ITR to 30-11-2014 subject to Sec. 234A interest
The CBDT vide Order [F.NO.133/24/2014-TPL], dated 20-8-2014 had extended the due date for filing o...