Home » Archive by category "Income Tax" (Page 4)

Cash transaction related proposals in Budget 2017

In a bid to Cashless Economy Mission, the Government has proposed many provision to curb cash transactions in Budget 2017   After a few days, the new financial year 2017-18 is being commenced, Government has tightened screw on cash transactions in Budget 2017. Business entity...

Read More

FAQ on Advance Income Tax Payment

Advance Income Tax – Financial year 2016-17 is on the brink of the completion, let’s discussed on it. Q.1. What is Advance Income Tax? Ans. Advance tax is a payment tool in which tax is deposited by assessee in installment instead of lump sum amount deposited...

Read More

Housing For All by 2022 – Pradhan Mantri Awas Yojana

In a bid to PM’s mission “ Housing For All by 2022” under Pradhan Mantri Awas Yojana to provide affordable housing to poor and the underprivileged. In Budget 2017-18, The FM has granted affordable housing segment as “ Infrastructure” status. The Government indicates that the...

Read More

Salient features of Sukanya Samriddhi Accounts

Salient features of Sukanya Samriddhi Accounts including Tax Rebate: A legal Guardian/Natural Guardian can open account in the name of Girl Child. A guardian can open only one account in the name of one girl child and maximum two accounts in the name of two...

Read More

CBDT issues guideline for cash transaction 2016 FAQ

For Viewing Information by Tax payers for cash transaction 2016: 1. Which internet browser should I use to view and file response on e-filing portal? Ans: The e-filing portal and other utilities can be best viewed on Internet Explorer 9 or above and latest version...

Read More

Curb tax benefit on home loan interest by Mr. FM in Budget 2017

In budget 2017 FM Mr Arun Jaitley has significantly restricted tax benefit on interest paid on home loan in case of properties that are rented out or deemed let out. Mr Jaitley has restricted the loss on house property to of rupees 2 lakh only.....

Read More