Buying a house is a dream for millions of people in India. The government has provided various tax benefits to individuals to encourage them to buy a house property under the ‘housing for all’ initiative. One of the important things to note is that if the property is held jointly, individuals can receive additional tax […]
In Circular No.1/2019 dated 1st January, 2019 on the above- mentioned subject, the provisions of section 80TTB were not correctly explained in para 5.5.12 of the circular. In the said circular, it is written that, Interest on deposits (Not being the time deposit) i.e. Interest on saving deposit would be allowed to be deducted in […]
In long-term capital gains, one must calculate tax with and without indexation and avoid dividend plans while making any debt-related investment. While making any investment decision, one needs to understand each and every detail of the income as it’s an investors right to maximise the investment if there is any option available. In India, people […]
