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Taxation
  • 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.
  • 15 Jun 16
    05:53 AM
    If you had filed your income tax return but it has not been processed because the acknowledgement (ITR-V) didn’t reach the department, there’s a chance to regularise it.
  • 01 Jun 16
    04:30 AM
    A slew of additional taxes announced in the Budget, including agriculture cess on services, equalisation levy, higher securities transaction tax on sale of options and tax collection at source on cash purchases for goods and services over Rs 2 lakh, will
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