Complete Guide to Finance and Taxation
Deduction of Interest on deposits in Saving Accounts. While filing Income Tax return for FY 2013-14, you may be wondering whether to include saving account interest in Gross Total Income. Can I get Read more […]
Background – Term Insurance : If an Insurance agent approaches you and want to explain you about term insurance. What will be the first question that comes to your mind when you think about Read more […]
As per section 24 of Income tax Act, 1961, Interest on borrowed capital is allowable as a deduction if capital is borrowed for the purpose of purchase, construction,repair, renewal or reconstruction of Read more [...]
Section 50 C of Income Tax Act,1961 was inserted from Finance Act, 2002 w.e.f. 1st April, 2003 which states that While transferring any land or building or both if full sale value consideration is less Read more [...]