In the past few years, there seems to be a change in the mindset of people and we are seeing more and more people leave their cushioned jobs and try out something new. Blogging is one such avenue which people...
In the past few years, there seems to be a change in the mindset of people and we are seeing more and more people leave their cushioned jobs and try out something new. Blogging is one such avenue which people...
The Income Tax Act provides for tax exemptions on long-term capital gains earned from the transfer of a capital asset if the sale proceeds are invested in a house property within the time prescribed under section 54F of within two years from...
What is Scrutiny Assessment ? Scrutiny assessment refers to the examination of an income tax return by giving an opportunity to the assessee to substantiate the income declared and the expenses, deductions, losses, exemptions, etc. claimed in the return with the help...
There are several NRI’s who own Ancestral properties in India or have purchased real estate in India from own funds. With the govt allowing the automatic rule for Investment in India, approval from the Reserve Bank is not required anymore...
Agricultural Land is a land on which agricultural activities are carried out. This article focuses on the tax which would be levied on the capital gains arising on the sale of agricultural land in India. An agricultural land may either...
Ever since the Modi government announced the ‘Housing for All by 2022’ mission, affordable housing has managed to grab eyeballs from the industry stakeholders. With global economic meltdown, it won’t be appropriate to say that Indian property market has remain...
Indian property market has always been lucrative for non-residents. However, there are certain norms and restrictions that these individuals need to follow. Non-residents could be broadly classified into: Non-Resident Indian (NRI): A person who is a citizen of India and...
Arbitrage Mutual Funds have started gaining lot of popularity since 2014 and have become the “Apple of Investor’s eyes” who are seeking a risk free return on their investment. In this article, we would be focussing on What are Arbitrage...
Inheritance Tax (also referred to as Estate Tax) is a tax which is levied at the time of inheriting any asset. Inheritance Tax is not levied in India as any amount received under a Will or by way of inheritance...
Form 15G & Form 15H are self-declaration forms required to be furnished by the Assessee to his Banker for Nil Deduction/Lower Deduction of TDS on Interest on Fixed Deposit/ Recurring Deposit. As per Section 194A of the Income Tax Act,...