post-Dubai Company Formation: 7 Things Indians shd check in 2024
Dubai Company Formation: 7 Things Indians shd check in 2024

A lot of Indians opt for Dubai Company Formation as it is not only tax free but it doing International Business from Dubai is also easier as compared to doing it from India. However, before a person starts the process...

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post-Distribution of Property after Person’s Death without Will in India
Distribution of Property after Person’s Death without Will in India

On the death of a person, his/her property is distributed amongst the persons as specified in the will. However, in case a person who dies without leaving a will (i.e. he dies intestate), in such cases the property would be...

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post-2 Types of Standard Deduction in Income Tax for 2023
2 Types of Standard Deduction in Income Tax for 2023

A Standard Deduction is basically a deduction allowed in Income Tax irrespective of the expense incurred or the investment made by the Individual. No Disclosures/ Investment Proofs/ Expense Bills are required for this type of Income Tax Standard Deduction as...

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post-How Banks calculate Interest on Savings Account & FD in India in 2023?
How Banks calculate Interest on Savings Account & FD in India in 2023?

Savings account is the most widely used account to park your savings. The withdrawal flexibility is what makes it the most preferred account. And Fixed deposits are popular in terms of returns. But most of us don’t know how the...

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post-How to avail Max Home Loan Tax Benefit in India in 2023?
How to avail Max Home Loan Tax Benefit in India in 2023?

The maximum benefit of Home Loan which can be claimed as a Deduction in India is as follows:- Section Deduction allowed Allowed for Section 24 Rs. 2,00,000 Interest repayment Section 80C Rs. 1,50,000 Principal repayment Section 80EEA Rs. 1,50,000 Interest...

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post-Section 54, 54EC, 54F: Capital Gain Tax Exemption in 2023
Section 54, 54EC, 54F: Capital Gain Tax Exemption in 2023

Capital Gains Exemption can be claimed under the Income Tax Act by reinvesting the amount in either purchasing/ constructing a Residential House or by reinvesting the amount in Capital Gain Bonds. The seller of the asset either has the option...

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post-Capital Gains Tax on Sale of Property in India in 2023
Capital Gains Tax on Sale of Property in India in 2023

Capital Gains Tax on Sale of Property in India is levied depending on the duration for which the property was held by the seller. If the property was held for less than 2 years – it would be classified as...

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post-How to open Capital Gains Account in India in 2023?
How to open Capital Gains Account in India in 2023?

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...

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post-TDS on Sale of Property by NRI in 2023 [Complete Guide]
TDS on Sale of Property by NRI in 2023 [Complete Guide]

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...

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post-Practical Issues regarding Double TDS  – Section 206AB
Practical Issues regarding Double TDS – Section 206AB

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...

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