Cost inflation Index for Financial Year 2003-04    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 […]

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   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 The Income Tax Act, which was brought into force in 1961, is the statute under which all the tax-related matters are listedIt includes levy, administration, collection as well as recovery of income tax. Rebate under […]

Finance Ministry has tweeted that due date of filing of income tax return is extended from 31/07/2018 to 31/08/2018. Here’s a copy of relevant circular.   About EbizFiling.com :   EbizFiling.com is a motivated and progressive concept conceived by like-minded […]

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 Financial Year 2017-18 (relevant to Assessment Year 2018-2019 slab rates).   […]

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 Financial Year 2016-17 (relevant to Assessment Year 2017-18)   Income Tax […]

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 Financial Year 2015-16 (relevant to Assessment Year 2016-17)   Income Tax […]

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 […]