How Many Times Can I Revise the IT Return how many times revised return can be filed: If a person…
Section 80EEA of Income tax Act, Deduction in respect of interest on loan taken for certain house property. In computing…
What is limited scrutiny in Income Tax? In case of Income Tax assessment two types of cases have been selected…
Taxability of life insurance maturity amount As per section 10(10D) of income tax act, any amount received under a life…
Eligible Business under section 44AD The presumptive taxation scheme of section 44AD of income tax Act 1961 can be adopted…
What is pre-construction period? While computing income chargeable to tax under the head "Income from house property" in case of…
Capital Gain on Gifted Assets Capital gain arises if a person transfers a capital asset. (land, building or jewelry or…
Mainly two benefits are available :- Section 80TTB of the Income Tax law Section 80TTB of the Income Tax law…
Compute Income from house property Income chargeable to tax under the head "Income from house property" in the case of…
Who is covered by tax audit ? FAQ deals with Income Tax Audit Provisions in India. As per section 44AB,…