Category: Income Tax

At the time of sale of shares, Capital Gains Tax is levied depending on the nature of the capital gains. If the Capital Gains are Long Term in Nature, tax...

Car Insurance Policies are usually issued for a period of one year, after which they are to be renewed to continue the policy for another year. As car insurance is...

Budget 2018 Update: 10% Long Term Capital Gains Tax on sale of Shares and Mutual Funds held for more than 1 year.  ———————————- Capital Gains Tax on sale of shares/mutual...

Personal Loan is one of the easiest loan to avail and can be used for any purpose. For availing a personal loan, banks ask only for very few limited details...

ITR Form have been released by the Income Tax Department for Financial Year 2015-16 i.e. Assessment Year 2016-17. There are different ITR Forms (Income Tax Forms) for Different categories of...

Different Income Tax Forms are applicable for different types of taxpayers and the companies registered in India are required to file their Income Tax Return in ITR Form 6. All...

Section 80C is the most widely used section for claiming Income Tax Deductions. This Section which allows a deduction of Rs. 1,50,000 can not only be used by Salaried Individuals...

Several Income Tax Deductions are allowed to Salaried Employees for certain types of Investments and Expenses. The employee is required to furnish details and evidence of such investments and expenses...

From 1st June 2016, you would be required to pay 1% extra tax to the person from whom the car is being purchased. This tax would be applicable on all...