Loss from House Property

TDS on Property Sale @ 1% under Section 194IA

The Indian Finance Minister while announcing the Budget 2013-14 introduced TDS on Property @ 1% on all Immovable Property Transactions over Rs. 50 Lakhs under Section 194IA. Reason for Introduction of… Read More

3 ways to register a Sole Proprietorship in India (with Infographics)

A sole proprietorship is the most common form of a business entity where one person is the owner and is personally liable for all the debts and liabilities of the… Read More

How Indians can invest in Shares of Facebook, Google etc listed in US?

The interest among Indians to buy shares of companies listed in the US has been on an uptrend. A lot of people are now interested in buying shares of companies… Read More

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Best HR Management Systems in India

Human Resources are an integral part of any organization. It is essential to properly take care of the human resources for the organization to be successful. At the same time… Read More

How to calculate interest on Savings Account and Fixed Deposit?

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… Read More

Udyog Aadhaar: 25 Benefits of Registering Aadhaar for your Business

What is Udyog Aadhaar? Udyog Aadhaar (also called as Aadhaar for Business) is a unique 12-digit Government identification number provided by the Ministry of MSME for the small and medium… Read More

Submit LUT for Exports without payment of GST (Updated)

Export sales are considered as a case of Inter-state sale under GST and are therefore covered under the IGST Act. As per the IGST Act, the export of goods and… Read More

Why is Cess and Surcharge levied separately?

The Constitution of India grants the power to the Union to raise revenue by levying cess. Article 270 of Constitution of India states that the Government can collect tax in… Read More

Special Provisions for Tax on sale of Shares/Mutual Funds by NRI

When a NRI invests in the stock market of India, he is subject to capital gain tax on the profit earned through trading done in India. There are two types… Read More

E-Way bill GST implementation: Are the businesses prepared for GST E-Way Bill?

One might wonder about the reason of early implementation of E-Way Bill because initially the government had planned to introduce it from April 2018. But instead in the GST council… Read More

What is Take Home Salary and How to increase take home salary?

Take home salary is the amount received by an employee after subtracting all the deductions from his package or CTC (Cost to Company). The formula for computing the take home salary… Read More

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Tax on Property Transaction below Circle Rate: Section 50C, Sec 56

This article highlights the income tax treatment on purchase/sale of a property below the Stamp Duty Value under Section 50C & Section 56(2)(x). Before the explaining the treatment, lets first… Read More

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Rs. 50,000 Standard Deduction in Income Tax – Budget 2019

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… Read More

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7 Special Tax benefits for Senior Citizens – Updated

The Indian Income Tax Act gives certain tax benefits to Senior Citizens and also tries to ensure that income tax e-filing is a hassle free process. The complete list of… Read More

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Section 44AE: Tax on Income of Transporters – Updated

Section 44AE, Section 44AD & Section 44ADA deal with Presumptive Taxation of Business. Section 44AE is applicable for Business of plying, hiring or leasing goods carriages whereas Section 44ADA is applicable… Read More