Income Tax

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

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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

tax-on-sale-of-property

Tax Planning: How to Save Tax legally in 8 different ways

The Indian Income Tax Act allows for certain deductions which can be claimed to save tax at the time of filing of Income Tax Return by all classes of Taxpayers… Read More

feat-exports

MEIS Scheme: Govt incentives for Export of Goods – 2 to 5%

The Merchandise Export from India Scheme (MEIS Scheme) is a newly launched scheme launched as a part of the new Foreign Trade Policy and is applicable from 2015 to 2020… Read More

service-export

SEIS Scheme – 5% Incentives by Govt to Service Exporters

In order to encourage exports, the govt provides certain benefits to exporters. These benefits are provided to both Service Exporters as well as Exporters of Goods. In this article, we… Read More

tax-on-sale-of-property

Equalisation Levy @ 6% on Digital Ads from 1st June 2016

The Digital Space has grown very rapidly in the past few years and is expected to grow substantially in the next few years. The biggest beneficiaries of this rapid growth… Read More

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