Income Tax

tds-rent

TDS on Rent paid by Salaried, Businesses & Professionals – Updated

Budget 2017 has brought in certain amendments to the applicability of TDS on Rent and the rates at which TDS on Rent is to be deducted. Prior to this amendment… Read More

checklist - 31st March

The Changing Job Scenario – What can you expect in the Future?

The only thing that is constant in Life is Change. No matter where you are and what you do – change is something that is bound to come. Infact, the… Read More

medical-reimbursement

What are the tax deductions available on Critical Ailments expenses?

A tax deduction is an overall benefit that comes complimentary with health insurance plans and medical expenses. There is a separate category that deals with specific critical ailments that involve… Read More

cost-inflation-index

Cost Inflation Index for 2016 and last 30 years: Updated

Cost Inflation Index (CII) is an Index which finds its utility in the income tax act at the time of computation of Long Term Capital Gains to be disclosed in… 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

tax-on-rent-nri

Surcharge on Income Tax – Latest Rates

Surcharge is levied on Income Tax and is levied if Income is more than Rs. 50 Lakhs in case of Individuals and Rs. 1 Crores in case of Companies. The… Read More

income-tax-slabs

Income Tax Slab Rates for 2016-17 & 2017-18 in India – Updated

Budget 2017 Update: The rate of Income Tax has been reduced from 10% to 5% for Income from Rs. 2.5 Lakhs to 5 Lakhs. There is no other change in… Read More

Section-44AD

Section 44AD & 44ADA: Income of Business – 8%, Profession – 50%

To reduce the burden of compliance of small taxpayers, the govt provides for a scheme of Presumptive Taxation which is very easy to understand and comply with. Under the scheme… Read More

rs-1000-rs-500-notes-demonetised-black-money2-1038x576

Income Tax Returns revised after Demonetisation may come under Scrutiny

On 8th Nov. 2016, the Indian Govt demonetised the Rs. 500 and Rs. 1000 notes in order to curb the flow of black money in the system. The Govt has… Read More

feat-hacking

Email id’s of 74,000 CA’s in India hacked by Legion Group – News Report

He is an 18-year-old somewhere in India. Or so, he says. And he is part of Legion, the hacker group that has got India's attention after several high-profile email and… Read More

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