Tax Planning

Minimum Alternate Tax-Section 115JB-How to compute

Minimum Alternate Tax-Section 115JB-How to compute 1

Minimum Alternate Tax-Under Section 115JB Minimum Alternate Tax as per Section 115JB of Income Tax Act – As the name itself suggests that if for a company in the previous year the tax payable to the Government falls below a certain limit, the company needs to pay tax on the basis of Minimum Alternate basis …

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Section 80TTB of Income Tax for Senior Citizens

Section 80TTB for Senior Citizens

Section 80TTB-Rs.50,000 deduction for Senior Citizens The Union Budget 2018 has introduced section 80TTB of Income Tax to provide for great relief in the form of a deduction from income for the Senior Citizens of India. Since the time has come to file an income tax return for the F.Y 2018-19 and A.Y 2019-20, I …

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Double Taxation Relief-Section 90 of Income Tax

Double Taxation Relief

Double Taxation Relief-Section 90 of Income Tax Act- What you need to know? Section 90 of Income Tax Act 1961 contains provisions relating to Double Taxation Relief to provide for tax relief from taxing an income twice. More and more numbers of Indians are going abroad to earn their bread and butter. As a result, …

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Rebate u/s 87A for F.Y 2019-20 and A.Y 2020-21

Tax Rebate us 87A

Rebate u/s 87A for F.Y 2019-20 and A.Y 2020-21. Are you eligible to claim the rebate of ₹12,500?  Since there has been a tremendous increase in the numbers of income tax return filers in very recent years, the Central Government has embraced this act of tax payers , and as a result, in the Finance Bill …

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Applicability of TDS/TCS provisions under GST w.e.f 01.10.2018

Applicability of TDS/TCS provisions under GST w.e.f 01.10.2018

Applicability of TDS/TCS provisions under GST w.e.f 01.10.2018. New TDS rules for payment to the supplier of Goods and Services w.e.f 1st October 2018.

Long Term Capital Gain Tax. All you need to know about LTCG

Long Term Capital Gain Tax

Long Term Capital Gain Tax. Learn how you can avoid paying LTCG Tax. There are two types of long term capital gain tax in India. Know all about LTCG tax here.

New Rules for NPS withdrawal

NPS subscribers now can partially withdraw 25% of the corpus after three years.

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