Category: Income Tax

GIFT Tax Applicability & Rate of Tax

1. Is Gift Tax abolished in India? 2. At what rate gifts are chargeable to tax?...

Difference & Similarities in Section 54 & Section 54F in...

Section 54 & Section 54F of Income tax Act

Capital Gain on Agricultural Land

1. what is Capital Gain? 2. what is Capital Asset ? 3. Type of Capital assets? 3....

Capital Gain on Gift, Will or Inheritance

1. Capital gain in case we receive any asset way of inheritance / will/ gift? 2....

Capital Gain on Equity Shares & Mutual Funds

1. What is section 111A in capital gain ? 2. What are the equity oriented mutual...

Role of Stamp Duty in Full Value of Consideration in Capital...

Is registration date or agreement date is relevant for comparing stamp duty value...

Capital Gain Exemption u/s 54, 54F & 54EC

1. Conditions to get the exemption ? 2. How to Compute Exemption?

Cost Inflation Index (CII) in Capital Gain

1. What is Capital Inflation Index ? 2. How to calculate Indexed Cost of Acquisition?...

Capital Gain Deposit Scheme Account

1. What is Capital Gain Deposit Scheme 2. How I can close this Capital Gain Account...

Long Term Capital Gain

1. Meaning of long term assets 2. Benefits of assets being long term 3. Calculation...

Short Term Capital Gain

1. Meaning 2. Rate of Tax 3. Exemption limit 4. Calculation

Search, Seizure and special procedure for assessment of...

Section 131 (1) – powers regarding discovery, production of evidence Section 132...

FILING OF INCOME TAX RETURN (ITR)

Mandatory filing, revision, defective return, the penalty for non-filing, e-verification,...

How to Regenerate TDS or Income Tax Payment Challan from...

Regenerate Income Tax Challan or TDS Challan from HDFC Net Banking.

FAQ on Permanent Account No. (PAN No.)

What is PAN, Transactions in which PAN is mandatory, How to apply for PAN, How to...

Salaried Class - HOW TO REDUCE TAX BURDEN

Don’t forget to claim benefit of interest on home loan. Use full limit of 1.5 lakh...