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Our Blogs

Exemption For Capital Gains

The Income Tax Act has laid out exemptions under Section 54 and Section 54F to help taxpayers save tax on capital gains. (1)Exemption under Section 54 is available on long-term Capital Gain on sale of[...]

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Taxation on Sale of Under Construction Property

Let’s assume i bought an under-construction property and payment plan was linked to the construction. The builder and bank either forced me or i voluntarily registered the under-construction propert[...]

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Gift Taxes and Exemptions

Your parents deposit some money in your account for buying a house. While it’s a help from your parents, have you ever thought about the tax implication on these kinds of transactions? When someone[...]

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Analysis of 44AD/ 44ADA/44AE

The option of the presumptive scheme has always been an interesting as well as a confusing issue among the taxpayers. With the Budget 2016 coming into the effect from the FY 2016-17, there have been s[...]

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Capital Gains on Sale of Agricultural Land & 54B Exemption

Many users write to us to find out how they can save tax on capital gains that arise when their parents sell agricultural land or when they sell agricultural land which they inherited. Let’s take a [...]

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TDS on the Sale and Purchase of Property

TDS on the Sale and Purchase of Property From June 1st 2013, when a buyer buys immovable property (i.e. a building or part of a building or any land other than agricultural land) costing more than Rs[...]

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GST Council’s Recommendations – 23rd Meeting

In the GST Council meeting on 10th November, ’17, various decisions were taken with the view to make compliance easier for small tax payers, make composition scheme more attractive for tax payers a[...]

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Decision Taken in 23rd GST Council Meet

The GST Council in its 23rd meeting held in Guwahati came up with a range of new decisions which will lead to easing tax rates and compliance issues. Here are the key points which have emerged so far:[...]

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GST: What it means for the Common Man?

With the Rajya Sabha passing all the four GST bills in the parliament a week back, the nation’s biggest and revolutionary tax regime GST (Goods and Services Tax) is all set to become a reality soo[...]

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