Official estimates suggest there are over 30 crore registered motor vehicles in India, but only around…
Tag: financial obligation
20% tax on credit card spends while traveling abroad
New Delhi: From July 1, 20% Tax Collected at Source (TCS) will be levied on foreign…
How is tax applicable on withdrawing money from PF?
wThere are rules to withdraw Provident Fund (PF) account within five years of opening, especially if…
Is the amount gifted by your spouse taxable?
my income is 12 lakh per annum, apart from the bonus. my husband gives me 90,000…
Importance of timely selection of tax regime
It is the beginning of a new financial year and employers have started providing tax declaration…
Is high circle rate bad news for home buyers?
My mother, who is retired, and I have recently bought an apartment (on resale) in Gurgaon.…
My father bought a plot and gifted it to me. I sold it. How is income tax calculated?
My father had bought a plot of land in 1995 for Rs. 50,000. He transferred me…
Missed the December 31st deadline? You can update ITR
The last date for filing revised or belated Income Tax Return (ITR) for the financial year…
Income Tax: Can a member make gifts to HUF without any tax liability?
Can a Karta or coparcener/member make gifts to HUF without any limit and without any tax…