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New section inserted: A new section has been inserted and numbered as section 194-IA of the Income-tax Act. When the consideration amount shall be credited... Read More
Choosing the best car loan option
2 min read
Car is not only a status symbol, but it is also a necessity, especially in metro cities, where you have to regularly travel to far... Read More
Though we should file income tax returns every year, we still make some errors. There are some common errors which we make in most cases.... Read More
Filing of income tax return is an obligation to be fulfilled by individuals. It is a social duty by the citizens of the country. The... Read More
Loan on Securities for Instant Liquidity
2 min read
Securities are important assets which you either invest in as asset for future emergency use or for saving income tax. In case of urgency you... Read More
The Hon’ble Delhi High Court on 12.8.15 in the cases of Commissioner of Income Tax – 9 (Appellant) vs. Vrindavan Farms (P) Ltd. (Respondent) being... Read More
The cabinet minister discussed the new revised tax code for direct tax. The revised bill for direct tax proposes a new higher slab of Income... Read More
How a Self-Occupied House is Taxed
3 min read
Any financial benefits derived from one’s own house property are considered as an income and is thus taxable under the Income Tax Act. “Income from... Read More