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Cap Gain Exemption if Construction not completed in 3 years

Cap Gain Exemption if Construction not completed in 3 years

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...

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Reasons for Issue of Income Tax Scrutiny Notice

Reasons for Issue of Income Tax Scrutiny Notice

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,...

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5 things to check before purchasing property from NRI

5 things to check before purchasing property from NRI

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...

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Tax on Sale of Agricultural Land & Section 54B Exemption

Tax on Sale of Agricultural Land & Section 54B Exemption

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...

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Affordable Housing: Reality or just a Utopia?

Affordable Housing: Reality or just a Utopia?

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...

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Guide to Non-Residents Property Investment in India

Guide to Non-Residents Property Investment in India

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...

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Arbitrage Mutual Funds – Risk Free and Tax Free Investment

Arbitrage Mutual Funds – Risk Free and Tax Free Investment

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...

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Inheritance Tax in India & other Taxes on Ancestral Property

Inheritance Tax in India & other Taxes on Ancestral Property

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...

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Form 15G & Form 15H to Save TDS on Interest on Fixed Deposit & Recurring Deposit

Form 15G & Form 15H to Save TDS on Interest on Fixed Deposit & Recurring Deposit

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...

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Blog – Page 30 – Chartered Club