Capital Gains Tax on sale of Bonus, Right & Split Shares (with examples)
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… Read more
Income Tax
All about Tax Saver Mutual Funds
Tax Saver Mutual Funds are those mutual funds which are eligible to deduction under Section 80C. And as investment in these funds can be claimed as a deduction under Section… Read more
How I corrected wrong details mentioned while paying Income Tax
One of my clients recently did a mistake of selecting the wrong assessment year while paying his Income Tax. And after incurring the mistake, he called me to inform that… Read more
The actual tax saved under 80C varies from Person to Person
While doing your tax saving exercise, you should always be aware of how much tax you are going to save from all your tax saving investments. And the first thing… Read more
Tax on Income from KBC, TV Shows and Online Gaming
The fact that people can earn money by participating in Game Shows has been a crowd puller in India for the past many years. It started with KBC where the… Read more
Section 54, 54EC, 54F: Exemption from Long Term Capital Gains Tax
At the time of sale of any Long Term Capital Asset, the Gains are usually very large and are taxed @ 20%. The Resultant Figure to be paid as Tax… Read more
Tax Deduction for Interest paid on Car Loan
The Interest paid on some types of Loans is allowed to be claimed as an Expense under the Income Tax Act. However, all types of interests are not allowed to… Read more
TDS and GST on Advertisement through Google Adwords
GST @ 18% is levied and TDS @ 2% is deductible on the Google Adwords advertisement expense. It is important to note here that some publishers are advertising through the… Read more
How is Tax levied on Rent from Vacant Land?
Many a times people earn income by letting out their vacant land. It could be monthly rental income or a one time income by letting it out for an event… Read more
How I stay updated with the latest Tax Laws and you can too
The day I qualified my CA Exams, I was on 7th heaven and very confident that clients would soon start coming to engage me for my services and there would… Read more