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Category Archives: Income Tax


                             CAPITAL GAINS Generally, When we transfer (sale,exchange etc.) capital asset (house property etc.), we need to find out if any profit or gains arising from transfer of that capital asset. After computation, If any profit or gains Read more…


          Deduction Under Chapter VI A (Section 80C to Section 80U) In Computing total income of an assessee, deduction under chapter VI A (u/s 80C to u/s 80U ) are allowed from Gross Total Income(GTI). Deduction under chapter VI A Read more…


     Deduction under section 80C (Chapter VI-A) Deduction under section 80C is available to Individual or HUF, irrespective of their income levels. The Maximum permissible limit of deduction u/s 80C is Rs 1.50 lakh from AY 2015-16 (FY 2014-15). Deduction Read more…


                               TDS (Tax Deducted at Source) TDS is tax deducted at source. As we know, Total income of an assessee for the previous year is taxable in relevant assessment year. But most of the time, Read more…


                     RETURN OF INCOME Income earned during previous year is assessed in the assessment year. It is mandatory for every taxpayer to furnish the details of his income to the Income-tax Department. These details are Read more…


      TDS (Tax Deduction at Source) and TDS Rate Chart As we know, Total income of an assessee for the previous year is taxable in relevant assessment year. But most of the time, Income tax is recovered from the Read more…


What is Income Tax Slab and Why it is important? Income tax slab means categorizing income into different groups by the government for taxation purpose. Income tax is charged on the basis of Income tax slab. Different tax rates for Read more…


  (A) INCOME TAX SLAB For AY 2018-19 Income Tax Rates – In case of an resident Individual less than 60 years of age or non-resident individual or HUF or AOP or BOI or Other artificial juridical person.                                                        Read more…