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Personal Finance »Taxation
  • 14 Sep 16
    10:38 PM
    On March 30, 2016, the income-tax (I-T) office reportedly raised an incorrect demand of Rs 10,000 crore on State Bank of India (SBI) and forced it to pay up on the same day. This was refunded the very next month.
  • 08 Sep 16
    04:37 AM
    I want to know whether the provisions of deemed let-out of house property will be attracted if my partnership firm has invested in one or more house/s.
  • 04 Sep 16
    09:48 PM
    After making the Permanent Account Number (PAN) mandatory for high-value transactions, the government is now considering banning all-cash transactions of more than Rs 3 lakh.
  • 28 Jul 16
    03:45 AM
    The Delhi high court’s recent ruling that buyers need not pay service tax in case of under-construction properties whose agreements include the cost of land must have been music to buyers’ ears.
  • 22 Jul 16
    05:02 AM
    The Siddhivinayak temple has announced it will accept shares as donation, following the example of the Tirupati temple. However, remember that from a tax perspective, it would be a good idea to donate money rather than stocks.
  • 26 Jun 16
    01:07 AM
    To save long-term capital gains tax liability arising due to theselling of a residential property, the seller can use the proceeds to buy or construct another house. This is clearly stated in Section 54 of the Income Tax (I-T) Act.
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