Everything you need to know about Cost inflation Index for Capital gain Calculation Introduction The Cost Inflation Index (CII) uses the CPI calculate the inflation in order to determine the long-term capital gains earned from the sale of an asset. […]
Cost inflation Index for Financial Year 2002-03 Overview It may be noted that Budget 2017/ Finance Act 2017 has proposed amendments in provisions relating to indexation for the purpose of determining long term capital gains. Base year has been shifted […]
Tax Rebate Under Section 87A: Eligibility, Limits and How to Claim Introduction Tax Rebate Under Section 87A allows eligible resident individuals to reduce their final income-tax liability. It is applied after income tax is calculated on total income and is […]
Income Tax Slab Rates in India – AY 2018-2019 (FY 2017-18) Income tax slab rates are decided and governed by Income Tax Act 1961 and are subject to change every year. Here are the income tax slab rates for the […]
Income Tax Slab Rates in India – AY 2017-18 (FY 2016-17) Income tax slab rates are decided and governed by Income Tax Act 1961 and are subject to change every year. Here are the income tax slab rates for the […]
Income tax slab rates in India – AY 2016-17 (FY 2015-16) Income tax slab rates are decided and governed by Income Tax Act 1961 and are subject to change every year. Here are the income tax slab rates for the […]
What is the Presumptive Taxation Scheme? The Presumptive Taxation Scheme under the Income Tax Act, 1961, simplifies tax compliance for small businesses, professionals, and individuals by calculating taxable income on a presumptive basis rather than actual profits. Introduced under Section […]
“7 must-do’s before 31st March-A quick checklist” We all are aware that end of the financial year 17-18 is approaching. 31st March, 2018 is an important date to remember for individuals and taxpayers in India as it is the deadline […]
Reverse Charge Mechanism under Service Tax Laws Here is a complete overview of the service tax reverse charge mechanism. Let us explain it in detail. Know when and where it is applicable. The post gives you full details on the […]
