capital-loss

Filing Income Tax Return in case of Loss: Section 139(3)

The provisions of filing of income tax returns in case of Loss are governed by Section 139(3) of the Income Tax Act which states that in case a taxpayer has… Read More

tax-on-sale-of-property

Service Tax on Air Travel Agent & Tour Operator

Service Tax in India is levied on all types of services except a few specified services mentioned in the Negative List of Services. Service Tax on Air Travel Agents &… Read More

exemption-service-tax

Place of Provision of Service Rules 2012

Place of Provision of Service Rules 2012 help in determining the place from where the Service shall be deemed to be provided and the chargeability of Service Tax on such… Read More

tax-on-rent-nri

Rent Free Accommodation: Computation & Taxability

Employers usually provide several facilities to their employees one of which is Accommodation for Residence of the Employee. Sometimes, this accommodation is given to the employee without any charge and… Read More

tax-home-loan

Tax Benefit on Home Loan: Section 24, 80EE & 80C

A very important criterion to be kept in mind while taking a Home Loan is the Tax Benefit on Home Loan. To explain the Tax Benefit on Home Loan, we… Read More

TDS on Service Tax

Service Tax on Rent payable @12.36%

In the past few years, there has been much confusion regarding the applicability of Service Tax on Rent. The Govt’s stand was different to what the Courts had to say… Read More

tax on sale of shares

Advance Tax Payment: Due Dates and Interest on Late Payment

If the Income Tax Liability of any taxpayer is more than Rs. 10,000 in a financial year, then he is liable to pay such tax in installments during the year… Read More

tax-on-rent-nri

Declared Services for the purpose of Levy of Service Tax

Service Tax is levied in India on almost all types of Services (except the Negative List of Services). However, there are certain activities which are difficult to determine that whether… Read More

ca-articleship-vacancy

4 Effective ways of searching for CA Articleship Vacancy

Searching for Articleship Vacancy is one of the toughest tasks for a CA Student as most of the articleship recruitments in India are through Reference. However, not all articleship recruitments… Read More

ca-membership-number

Section 80C: Deduction for Children School/Education Fee

To promote education in India, the govt allows for Income Tax Deduction under Section 80C & Section 80E. Deduction under Section 80C is allowed for payments made by self and… Read More

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