Double Benefit on Taxes on Housing Loan
The Government is encouraging Individuals to invest in House Property and providing greater bene...
Checklist to File Form 15CA & Form 15CB
Nowadays Form 15CA and 15CB are of a lot importance. We professional at least have to issue one Form...
Why do I have Tax Due?
You are filing up your Tax Return, you input all the information – Salary details from Form 16, In...
Tax on Compensation on Voluntary Retirement or Separation
As per Section 10(10C) any compensation received upon voluntary retirement or separation is exempt f...
Increase Limit of Deduction Under Section 80C
Under the existing provisions of section 80C of the Act, an individual or a Hindu undivided famil...
Interest on Housing Loan increase to Rs. 200000
The existing provisions contained in section 24 of the Act provide that income chargeable under ...
TDS 2% on Non-Exempt payment under Life Insurance Policy w.e.f 01.10.2014
Under the existing provisions of section 10(10D) of the Act, any sum received under a life insur...
Exemption Under Section 54EC Limited to 50 Lacs
Capital Gains Exemption on investment in Specified Bonds Accordingly, It is proposed to insert a pro...
A MEMORANDUM – TAX RATES AFTER BUDGET 2014
I. Rates of income-tax in respect of income liable to tax for the assessment year 2014-2015. In resp...
How is Pension Taxed?
Usually pension received by a retired employee is taxed under the head ‘Income from Salary’, how...