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Capital Gains Account Scheme and Sale of property
If one sells a property which has been held for more than 2 years, one long term capital gains. If one invests the…
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Communication of proposed adjustment u/s 143(1)(a) and e-Assessment/proceeding
For AY 2017-18 or FY 2016-17 many are receiving Income Tax Notice which says Communication u/s 143(1)(a) for PAN such…
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All about Aaykar Setu App and TPS website
Central Board of Direct Taxes (CBDT), a department within the ministry of finance, has come up with mobile App, Aaykar…
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How to pay Tds on rent above Rs 50000 using Form 26QC and Form 16C
From June 1, 2017, An individual or HUF paying rent of more than Rs 50,000 per month is now required…
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Cost of Inflation Index for Long Term Capital Gains for FY 2023-24
The Cost Inflation Index for FY 2023-24(AY 2023-24) is 348. This article gives Cost Of Inflation Index to be used…
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How to Link PAN with Aadhaar
The government has decided to make Aadhaar number mandatory for filing of Income Tax returns as well as linking it…
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GST India : How Will It Affect Common Man Finances?
The Goods and Services Tax (GST) was approved in August 2016. It’s due to be implemented anywhere from April 1…
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GST and Business: GST likely to have positive impact on SMEs
Small and medium enterprise owners have been pondering over the impact of GST for small business since the announcement on…
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Change of base year impact on Capital gains
In Budget 2017,Finance Minister Arun Jaitely has proposed to change the base year to calculate the indexation benefit from 1981…
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Income Tax Operation Clean Money,How to Check Cash Transactions 2016
In another step towards cleaning black economy, the govt has launched operation clean money campaign. Data mining exercise under Operation…

