Computation of capital gains
Computation of capital gains According to Income Tax Act 1961 any profits or gains arising from the transfer of a capital asset took place in the previous year shall … Read More
Category: Income Tax
Short term capital asset
Short term capital asset A capital asset held by an assessee for not more than 36 months immediately preceding the date of its transfer is know as a short term … Read More
Company registration procedure
Company registration procedure There are various type of business orgnations. 1.Sole propertiorship 2.Partnership 3.Limited Liablility partnership 4. One person Company 5.Private limited Company 6.Limited company 7.Government Company Company registration procedure … Read More
Partnership deed
Partnership deed According to general term there are many type of business orgnations. 1.Sole Proprietorship 2.Partnership 3.Limited liability partnership 3.One person Company. 4.Private limited company. 5.Limted company . … Read More
Income Tax Act
Income Tax Act The privision of Income Tax are contained in the Income Tax Act,1961 which extends to the whole of India and became effective from 1.4.1962. Scope of Income … Read More
How to calculate Interest U/s234A, 234B, 234C
How to calculate Interest U/s 234A, 234B, 234C According to Income Tax Act 1961 there is various provisions to pay interest on Income payable during the relevant previous year. There … Read More
Faceless ITAT
Faceless ITAT Faceless ITAT (Income Tax Appellate Trubnal). According to Budget proposal 2021 now Central Government going to made Income Tax Appellate Tribunal ( ITAT) Faceless assessment by amending section … Read More
How to find name of person through his PAN
How to find name of person through his PAN Some time a person gives his PAN number only without PAN card Photo copy. So how to find name of person … Read More
Income Tax Benefit for higher education loan
Income Tax Benefit for higher education loan According to provision of section 80 E of Income Tax Act,1961. Any individual who avail education loan for higher education and paid interest … Read More
Donations Eligible Under Section 80 G
Donations Eligible Under Section 80 G According to section 80 G of Income Tax Act 1961 allows deduction from total income for any donations made by assessee. In India there … Read More