Lakesh Kumar

Taxability of Gift U/s 56(2)(Vii)

Income Tax - Gift is usually used to convert black money into white money. To stop practice of converting black money into white money a section 56(2)(Vii) introduced by Finance Act , 2009 and amended by Finance act , 2010. This section deals with law of taxation of gift....

Read More

Section 80EE Income Tax Benefit on Home Loan Interest

Income Tax - Income Tax Benefit on Home Loan Interest under Section 80EE Of Income Tax Act relating to the additional deduction in respect of interest on loan taken for residential house property....

Read More

Loan to Directors U/s 185 of Companies Act 2013

Income Tax - Section 185 is applicable to a public company as well as private company. This section applies to loan etc. given by a company directly or indirectly. Indirectly means company can not give loan through the agency of one or more intermediaries. ...

Read More

Taxation of Medical Facilities & Interest free or Concessional rate of Interest Loan

Income Tax - Lakesh Kumar Treatment of Medical Facilities AND Interest free Loan or Loan at Concessional rate of Interest As we know many facilities and perquisites provided by employer to their employees. Medical facilities and Interest free loan or loan at concessional rate is one of them. I always try my best to make understand the users […]...

Read More

TDS on Immovable Property (Other than agriculture land) From A.Y. 2014-15 U/s 194IA

Income Tax - Lakesh Kumar Introduction:–This is a new tax, applicable from 1st June, 2013, deducted at source on the sale of any immovable property (other than agriculture land). However this section applicable only when sale consideration of the immovable property more than 50 Lacs. This provision introduced by The Finance Mini5ster to improve ...

Read More
Sorry No Post Found
Sorry No Post Found
Sorry No Post Found

Recent Posts in "Lakesh Kumar"

Taxability of Gift U/s 56(2)(Vii)

Gift is usually used to convert black money into white money. To stop practice of converting black money into white money a section 56(2)(Vii) introduced by Finance Act , 2009 and amended by Finance act , 2010. This section deals with law of taxation of gift....

Read More
Posted Under: Income Tax |

Section 80EE Income Tax Benefit on Home Loan Interest

Income Tax Benefit on Home Loan Interest under Section 80EE Of Income Tax Act relating to the additional deduction in respect of interest on loan taken for residential house property....

Read More
Posted Under: Income Tax |

Loan to Directors U/s 185 of Companies Act 2013

Section 185 is applicable to a public company as well as private company. This section applies to loan etc. given by a company directly or indirectly. Indirectly means company can not give loan through the agency of one or more intermediaries. ...

Read More
Posted Under: Income Tax | ,

Taxation of Medical Facilities & Interest free or Concessional rate of Interest Loan

Lakesh Kumar Treatment of Medical Facilities AND Interest free Loan or Loan at Concessional rate of Interest As we know many facilities and perquisites provided by employer to their employees. Medical facilities and Interest free loan or loan at concessional rate is one of them. I always try my best to make understand the users […]...

Read More
Posted Under: Income Tax | ,

TDS on Immovable Property (Other than agriculture land) From A.Y. 2014-15 U/s 194IA

Lakesh Kumar Introduction:–This is a new tax, applicable from 1st June, 2013, deducted at source on the sale of any immovable property (other than agriculture land). However this section applicable only when sale consideration of the immovable property more than 50 Lacs. This provision introduced by The Finance Mini5ster to improve ...

Read More
Posted Under: Income Tax |

AMT For Non Corporate Assessee – A.Y. 2013-14

Alternate minimum tax means the Amount of tax computed on the adjusted total income.AMT is a way collecting the minimum tax from the tax payers. Assessee shall be liable to pay tax on such income at a rate eighteen and one-half per cent (18.5%).It is not an additional tax levied on the taxpayer....

Read More
Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (3,523)
Company Law (3,466)
Custom Duty (6,671)
DGFT (3,499)
Excise Duty (4,051)
Fema / RBI (3,292)
Finance (3,496)
Income Tax (25,326)
SEBI (2,758)
Service Tax (3,288)

Search Posts by Date

November 2017
M T W T F S S
« Oct    
 12345
6789101112
13141516171819
20212223242526
27282930