Income Tax

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

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

long-term-capital-gain

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

tax-income-vacant-land

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