With the tax season arriving, there are a lot of topics which requires appropriate knowledge and awareness. The present article emphasizes on tax treatment on inherited property. It’s actually treated differently as the inheritor has not paid any amount towards property. The question arises here as, how they treated and is the capital gain taxable. [...]

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Tax deducted at source (TDS) is one of the most important aspects related to taxes and saving of taxes. Form 15(G) and Form 15(H) are the two means of saving tax deducted at source. Form 15 (G) will be furnished by non-senior citizen and form 15(H) by senior citizens. A person generating interest above Rs. [...]

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The present article is framed, presenting an overall idea on the income earned from house property. There are basically 2 types of income relating to it, (A) rental income (B) capital gain arising from selling out the property. Taxation of rental income Income from house property is the only income charged to tax on notional [...]

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Section 80C and section 80CCF are the two sections under income tax act, allowing tax benefit to investors. Investing in tax saving instruments under Sec 80C can help you save taxes up to Rs. 1lakh.  Whereas, further tax benefit of Rs. 20,000 can be availed by investing in infrastructure bonds and claim deduction under Sec [...]

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Fixed income securities are gaining popularity and are a vital part of one’s portfolio. They provide regular income on periodic basis on investments made by investor and the principal amount being repaid at the time of maturity. Choosing any fixed income security is also depended on the risk capability of any individual. Besides this, careful [...]

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