The persons having long-term capital gain can avail exemption under various sections by making prescribed investments. The long-term capital gains are usually taxed @ 20%. This tax can be saved by making investments as per section 54, 54EC and 54F. Section 54: Profit on sale of property used for residence: Capital gain arising on transfer of […]
Dont miss the deadline! File your Income Tax Return before 31st March 2020 to avoid consequences. Learn more about the warning bell and its implications.
Many people came up with a query that what will happen if we do not file the Income Tax Return by 31st March. Here we are discussing only the adverse consequences of Non-Filing of the Income Tax Return.
People invest in various products considering the pros and cons of each and every investment. Most of the taxpayers are aware of deductions u/s 80C. The maximum limit of deduction available u/s 80C is Rs. 1,50,000/-. In this article, we will discuss the deduction available under various other sections.
Charity means giving something to those in needs without expectation or wanting something back in return. It is doing something good to others without expectations. Charity is a selfless act. There are a lot of ways of doing charity. The people who are keen to do good for others need not necessarily have a good […]
The examination forms of the CA Final and CA Intermediate exams for November’2018 attempt is already out. Last Date for Online Submission of form without late fees: 27-08-2018 Last Date for Online Submission of form with late fees: 04-09-2018 The one of the most important question that is in the minds of each CA aspirant […]
The ‘Concept of Business Trust in India’ was introduced vide the Finance Act’2014. The business trusts operate as Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). At present, there are only InvITs registered in India, the first REIT is yet to pave its way. Practically the concept was implemented in the Financial Year […]
Employee’s Provident Fund (EPF) is a welfare scheme for the benefit of the employees. It is a corpus built by an employee and employer by way of monthly contributions. The interest is also regularly credited to the provident fund account. At present, the EPF Interest Rate is 8.55% on contributions made by the employer and the employee.
The income tax department has released E-filing utilities of ITR 1, 2, 3, 4, 5 and 7 for AY 2018-19. These are available at www.incometaxindiaefiling.gov.in for e-Filing. ITR 6 is not yet released and the same is expected to be available in coming few days.
The time for the Chartered Accountancy examinations is approaching. You are left with around TWO MONTHS to fight the biggest battle of your life. It is a very well saying that the more you sweat in practice, the less you bleed in battle. Examinations are one of the most crucial phases of life for a […]
