Short Term Capital Gain Tax
TAX ON SHORT-TERM CAPITAL GAINS Introduction `Gain arising on transfer of capital asset is charged to tax under the head “Capital Gains”. Income from capital… Read More »Short Term Capital Gain Tax
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Capital Gain Tax: Types of Capital Gains Tax
Capital Gains:- Any profit or gain arising from transfer of a capital asset during the year is charged to tax under the head “Capital Gains”.… Read More »Capital Gain Tax: Types of Capital Gains Tax
Section 54D of Income tax Act : Capital Gain Exemption
Section 54D allows exemption from the capital gains arising from compulsory acquisition of land or building which forms a part of an industrial undertaking. The… Read More »Section 54D of Income tax Act : Capital Gain Exemption
Sec 54B of Income Tax Act
Section 54B of income tax act provides the exemption from capital gains arising from the transfer of agricultural land. The exemption can be availed if… Read More »Sec 54B of Income Tax Act
Sec 54 of Income Tax Act
Section 54 of Income Tax Act provides provisions for claiming an exemption on capital gains arising from the sale of a residential house property. Exemption… Read More »Sec 54 of Income Tax Act
Presumptive Taxation
For small taxpayers, the Income-tax Act, 1961 has framed presumptive taxation schemes as given below: Section 44AD : Computation of income on estimated basis in… Read More »Presumptive Taxation
Declaration for Reversal of ITC Under GST
Declaration for Reversal of ITC Under GST FAQs> Form GST ITC-03 1. What is Form GST ITC-03? Form GST ITC-03 is to be filled up… Read More »Declaration for Reversal of ITC Under GST
Utilization of Electronic Cash and Input Tax Credit Under GST
FAQs > Utilization of Electronic Cash and Input Tax Credit (ITC) Ledger 1. I was trying to make payment of the tax and was trying… Read More »Utilization of Electronic Cash and Input Tax Credit Under GST
ITR-1- Guide To File Income Tax Return
The pre-filling and filing of ITR-1 service is available to registered users on the e-Filing portal. This service enables individual taxpayers to file ITR-1 either online through the… Read More »ITR-1- Guide To File Income Tax Return
Income Tax Slabs and Rates AY 2024-25
INCOME TAX SLABS AND RATES In this part you can gain knowledge about the normal tax rates applicable to different taxpayers. For… Read More »Income Tax Slabs and Rates AY 2024-25