"I am an ex-Income Tax Officer. I worked in the Income Tax Department in Mumbai for 21 years and have vast experience in matters of Direct Taxes. I have a keen academic interest in Personal Income Tax and Corporate Taxes matters. As an Audit Officer of the Department, I was selected as Auditor of the Year for F.Y. 2018-19 by CBDT. I took VRS from the Government Service. I am a certified Domestic Arbitrator and possess Professional Certificate in Commercial Arbitration from IIAM. I am a Certified Income-Tax Practitioner from MSME-TDC (PPDC), Govt. of India. I may be contacted for any matter relating to Income Tax through email- [email protected], or through WhatsApp +91 9967745680. You may watch informative videos on Income-Tax on my Youtube channel - https://youtube.com/@bdconsultants"
Understand TDS provisions for buyers and sellers in the sale of property in India by an NRI. Get insights into tax rates, implications, and advice for seamless transactions.
Explore Income-Tax Implications of Joint Development Agreements in Property Transactions. Unveil the complexities of Section 45(5A) of the Income-tax Act, 1961, covering mechanisms, tax implications, and legal provisions. Learn about tracking ITC temporary reversals, reclaiming reversals, reporting in 4D(1), avoiding excess claims, and calculating aggregate ITC. Master ECRRS for accurate and seamless GST compliance. Stay informed, stay compliant! #IncomeTax #PropertyTransactions #JointDevelopmentAgreement
Learn about gift tax rules in India, including exemptions, taxability, and the impact on recipients. Get insights into tax-saving options.
Learn how to save taxes on sale of properties other than residential houses using Section 54F of Income-tax Act, 1961. Detailed guide and practical examples provided.
Learn how to save income tax on sale of a residential house in India under Section 54 of Income-tax Act, 1961. Complete guide and practical scenarios.
Navigate the complexities of Income-tax Returns in India with our comprehensive guide. Understand the criteria for mandatory filing, including total income, foreign assets, and specific expenses. Don’t miss out on crucial details – discover why filing a return is essential, regardless of income level. Get insights on due dates and valuable tips for a hassle-free filing experience.
As per the Indian Income-tax Act, income arising from the sale of a capital asset is taxed under the head Income from Capital Gains. Under section 48, capital gains are calculated by deducting the followings from the full value of the consideration arising from the sale of property
Understand income tax implications for buyers when purchasing immovable property below stamp duty value. Learn about Section 56(2)(x) and its consequences. Get expert advice for smooth transactions.
Income-Tax Implications for the Sellers, if any Immovable Property is Sold for a consideration less than Stamp Duty Value
