If a person is claiming Capital Gains Exemption, he is required to deposit the money in a Capital Gains Account before the due date of filing of ITR. This article explains in detail about How to open a Capital Gains...

This article covers in detail the applicability of TDS on Sale of Property by NRI in India. In this article, the following topics have been explained in detail. Applicability of TDS on Sale of Property by NRI What is the...

In order to encourage taxpayers to file ITR and discourage non-filers of ITR, new provisions of the Income Tax Act will get applicable from 1st July 2021 under which TDS would get applicable at double rates for specified category of...

If you are planning to buy a home, it’s important for you to analyze how much funds you would be putting from your own pocket and how much loan would you be taking from a bank. There is a maximum...

If you are someone who agrees to the fact that life is uncertain, you should definitely consider getting yourself a term insurance plan. It helps secure the financial security of your family and your loved ones, and also allows you...

TDS on Sale of Property is levied @ 1% on transaction of all properties where the total transaction value is more than Rs. 50 Lakhs. The manner of levy of TDS on Property has been explained in detail in this...

A Large No. of NRI’s settled abroad now own property in India and many of them have even given such properties on Rent. In this article, we would be focusing on the levy of Income Tax on Rent received by...

As per the provisions of the Income Tax Act, TDS is required to be deducted at the time of making any payment. This TDS is deducted by the person who is making the payment and is required to be deposited...

The Financial Year 2020-21 is about to come to an end. People who have not done their tax saving investments yet must complete it before 31st March 2021 to be eligible to claim tax deductions. Although the government allows a...

If a person wants to trade/invest in securities, the only pre-requisite required is that they should have a Demat & Trading Account. Without a demat& trading account, a person cannot trade/invest in shares and this is the only thing required...