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Sanjay Thareja

Latest Posts by Sanjay Thareja

Tax on Monthly or Lump sum Alimony Money post Divorce

March 27, 2019 59196 Views 6 comments Print

Lump Sum Settlement Money received at time of Divorce or Monthly Alimony Money received is Taxable in Income Tax Law? A divorce is the legal termination of a marriage by a court in a legal proceeding, requiring a petition or complaint for divorce (or dissolution in some states) by one party. There are two types […]

How to Claim Deduction of Interest Payments on Home Loan of Under-construction House

March 23, 2019 76011 Views 12 comments Print

A home loan must be taken for the purchase/construction of a house and the construction of the house must be completed within 5 years from the end of financial year in which loan was taken. If you are paying EMI for the housing loan, it has two components – interest payment and principal repayment. The […]

ITC of GST on Motor Car or Two Wheeler used for demo or Test Drive

February 19, 2019 18117 Views 2 comments Print

Input tax paid by a vehicle dealer on the purchase of motor car used for demonstration purpose of the customer can be availed as input tax credit on capital goods and set off against output tax payable under GST.

Taxability of Lump sum Payments or Monthly Financial Assistance

February 13, 2019 33549 Views 3 comments Print

Lump sum Payments or Monthly Financial Assistance made gratuitously or by way of compensation or otherwise to window / other legal heirs of employee after his death is taxable or not

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