Rebecca Ghomes

Want to know about your salary type and if they are subject to tax-deduction-at-source? 3 min read

• Income Tax

Want to know about your salary type and if they are subject to tax-deduction-at-source?

Rebecca Ghomes 9 years ago

A clear concept on salary and tax deduction at source is explained in this article. The concept of various types of income is explained along with the... Read More

Into the details of Rule 114E of Income Tax Rules 1962- Mandatory reporting of Certain Transactions 3 min read

• Income Tax

Into the details of Rule 114E of Income Tax Rules 1962- Mandatory reporting of Certain Transactions

Rebecca Ghomes 9 years ago

In another attempt to bring high-value cash transactions under the purview of Income Tax in India, Rule 114E of Income Tax Rules 1962 came into... Read More

Digging deeper into unexplained cash credit as per provisions of Section 68 3 min read

• Income Tax

Digging deeper into unexplained cash credit as per provisions of Section 68

Rebecca Ghomes 9 years ago

It is a strange world nowadays where even corruption carries creativity with innovative tax evasion techniques cropping up every other day. Black money routed through... Read More

How to Minimize Tax Liability with House Rent Allowance 3 min read

• Home Loans

How to Minimize Tax Liability with House Rent Allowance

Rebecca Ghomes 9 years ago

How to Minimize Tax Liability with House Rent Allowance With the rise in prices at every nook and corner, it has become an obligation to... Read More

Entered Contract to Sell Property and Realized Money Later? What is Date of Recognition of Sale? 3 min read

• Income Tax

Entered Contract to Sell Property and Realized Money Later? What is Date of Recognition of Sale?

Rebecca Ghomes 9 years ago

Selling House Property? When is Date of Recognition of Sale for Tax Purposes Buying or selling of property is not a single day’s job, it’s a... Read More

Don’t want Bankers to deduct TDS on Interest Income? Consider Submitting form 15G/15H and see if you are eligible to submit 2 min read

• Income Tax

Don’t want Bankers to deduct TDS on Interest Income? Consider Submitting form 15G/15H and see if you are eligible to submit

Rebecca Ghomes 9 years ago

What is form 15G/15H? This form is specifically designed for bank account holders to request their banks to not deduct TDS on their interest income... Read More

What could be next step by Modi Government- would it be able to Curb Benami Property Transactions 3 min read

• Income Tax

What could be next step by Modi Government- would it be able to Curb Benami Property Transactions

Rebecca Ghomes 9 years ago

It is a matter of common knowledge that black money hoarders try to convert their ill-gotten funds into gold and real estate by way of... Read More