What is the tax liability of buying a second house using a home loan?
"Income from house property is taxable once the taxpayer gets possession of the property."
Budget 2020 should hike tax breaks for house property income to boost realty: EY
Providing tax incentives on house property income would stim...
Restore standard deduction for the salaried, pillar of the state’s tax efforts
At one level, it might seem illogical for this paper to argue ...
Budget 2019 analysis: What income tax changes mean for you
Here is a look at the tax proposals announced in both the budgets and their tax impact on your pocket.
View: Budget 2019 shows govt's will to use Aadhaar to track financial transactions
Making Aadhaar and PAN interchangeable for return filing and quoting either for transactions indicates the Government's will to use Aadhaar to track all financial transactions.
Budget 2019: Are you paying more or less tax than 5 years ago?
Find out which income class household has benefited and suffered the most in terms of tax liability.
Budget 2019: How to defend your income from the taxman
From knowing how to maximise your annual income to the personal income tax googlies you need to look out for, here's all the help you need to up your tax game post Budget 2019.
Pranab may restore standard deduction in Budget
Govt may prefer route of restoring standard deduction rather than increasing income tax slabs. Some options for short-term investors I New I-T norms for happy returns
ICAI suggests standard deduction in salary in budget
Accounting regulator ICAI has suggested bringing back standard deduction in regular Budget for 2009-10 which if accepted will be cheered by millions of salaried employees.
Not allowing standard deduction for salaried is unjust
There is no logic in not allowing standard deduction. Doing so is arbitrary and makes salaried taxpayers, who contribute about 35% of the personal tax revenues, disgruntled and demoralised.
How is long-term capital gains tax on sale of property calculated
The CII of 2019-20 has yet not been announced. To arrive at the capital gain, you will have to reduce the indexed cost of acquisition from the selling price.
Documents required for filing ITR
Here is the list of documents you must collect and things you must do before filing your income tax return for FY 2018-19.
Filling salary details in ITR-1 for FY 2018-19 gets easier for taxpayers
In the previous year, the format in which break-up of the salary was required to be filled in ITR-1 was not in sync with the Form-16.
Form 16: New format for salary TDS certificate makes it difficult to fudge income, tax breaks
The new format will allow I-T department to view a detailed break-up of the income and tax breaks.
Budget 2012: IIA expects the income tax rate for MSME manufacturers to be reduced
In the Budget, the rate of depreciation on plant and machinery should be enhanced to 50% from 15% at present as an incentive.
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