Capital Gains Exemptions u/s 54 AND 54F

Capital Gains Exemptions under section 54 AND 54F In this article, we will focusion solely on difference in Capital Gains exemptions u/s 54 and 54F. When there is sale of property / real estate, there are high chances that it will result in Capital Gain to the owners. When a person is selling a capital asset in […]

Income Tax Filing Software Free Download

Income Tax Filing Software Free Download Internet is full of FREE options including Income Tax Filing Software Free Download. We love our free apps, but some software is worth paying for especially when you put your very personal information such as PAN ( permanent account number), Bank Account details, Address, Employers Details, Brokerage Account details, etc. Now just […]

Tax Free Income Ideas in India

Tax Free Income Ideas in India   We had spoken about the Tax Savings idea in past but what if I showed you some Tax Free Income Ideas in India? You would love it, right? So here I am listing the best options for getting Tax Free Income in India. 1. Interest earned on Tax Free […]

ITR Filing

ITR Filing ITR Filing simply means Income Tax Return Filing with Income Tax Department. And Income Tax Return is standard form which an Income Tax payer uses to file information about his Income and his tax thereon to Income Tax Department. What are the Standard IT Return Forms? Various forms are ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR7. See details here – IT Return […]

Tax Tips to minimise tax liability

Tax Tips to Minimise Tax Liability As I said before the most effective way to Minimise tax liability is by proper tax planning that help you save thousands in your taxes. But multiple options and confusing advice from your friends and cousins may leave you confused. In this article, we will list down ten effective tax […]

How long do you have to keep your income tax related documents?

How long to keep your income tax related documents? Income Tax Act does NOT specify any time period for which you have to keep these documents. There is absolutely no provision in the Income Tax Act which would suggest for how long the income tax related documents must be kept by the taxpayer. However as […]

CA Explaination on what is a blockchain?

CA Explaination on what is a blockchain? There is lot of buzz around Blockchain and crypto currency nowadays? Here is a CA Explaination on what is Blockchain and the possibilities with the blockchain technology? Please note that this is my interpretation on what is Blockchain We Humans are a network species. We operate in groups. We […]

Private Company vs LLP

Private Company vs LLP In this article we will cover the comparison between Private Company (Herein after referred as Pvt. Ltd Co.) vis a vis Limited Liability Partnership (LLP). Many Entrepreneurs starting a new business are curious about the comparison between a Pvt. Ltd Co. vs Limited Liability Partnership. Both entities offer many similar features required […]

Taxation on GOLD

Taxation on GOLD For Indians, gold is more than a precious metal. In fact, the reverence for gold is beyond its market value for a common man. There are three main forms of buying and holding Gold in your portfolio. This article is mainly to make you aware about taxation on it – how it is […]

Are you paying rent more than 50000?

Are you paying rent more than 50000? As per the latest amendment under section 194 IB of the Income tax Act, 1961, The Individual or HUF should deduct the tax on the rent that they are paying to the resident persons if rent more than 50000 per month or part of a month during the […]