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Taxation
  • 02 Jan 17
    09:50 AM
    The government has asked banks to provide information to the Income-Tax (I-T) Department about savings accounts where deposits have exceeded Rs 2.5 lakh (Rs 12.5 lakh in the case of current accounts) after November 8. If the deposits are higher than past
  • 29 Dec 16
    01:33 AM
    Suppose you buy an asset, hold it for a while and then sell it at a higher price, you make a capital gain. In the case of equities or equity mutual funds, if you sell an asset after one year, your gain is called long-term capital gain (LTCG).
    01:29 AM
    The Income Tax Act, provides deduction in relation to interest as well repayment of principal amount of loan to the owners of the property.
  • 14 Dec 16
    03:32 PM
    For the past few months, several reports have suggested that rates of the Employee Provident Fund (EPFO) are likely to come down. While some reports have based their analysis on falling yield on 10-benchmark bond yields, down at 6.4%.
  • 23 Nov 16
    11:44 PM
    Under the law, when an asset is sold, the first step is to determine whether it falls under the category of long-term capital asset (LTCA) or short-term capital asset (STCA).
  • 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.
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