News & FAQs

Exemption on retirement benefits to private PF trusts may extend till March 2013

News & FAQs | By ALOK PATNIA | Apr 27, 2012

Income tax exemption on retirement benefits to private PF trusts is likely to extend by the Finance Ministry for the current fiscal. Curr...

Income Tax units will be operational very soon in abroad

News & FAQs | By ALOK PATNIA | Apr 26, 2012

Eight Income Tax (IT) units are going to be operational very soon in countries like the US, the UK and Japan with the main motive to curb...

FAQ on House Property – Vol.VI

Some more FAQs relating to Pre-Construction interest payment on housing loan are discussed here. 1)      What is Pre-Construction Pe...

FAQ on House Property – Vol.V

Continuing our discussion further in relation to our previous related posts  on FAQs on House Property. 1)      I am planning to bu...

FAQ on House Property – Vol.IV

Continuing our discussion to a step in relation to our previous related posts  on FAQ on House Property. 1)       How can I use ho...

FAQ on House Property – Vol.III

Now lets have more discussion in continuation of our previous related post. 1)      What are the tax benefits if I take home loan?? ...

Property tax bill system enhanced

News & FAQs | By ALOK PATNIA | Apr 25, 2012

It’s time to cheer up Kolkata’s property taxpayers. Kolkata Municipal Corporation (KMC) assessment department has been instructed by ...

Retrospective Effect may yield around Rs 40,000 cr

News & FAQs | By ALOK PATNIA | Apr 24, 2012

Proposal to amend the Income Tax Act with retrospective effect to bring into tax net Vodafone-type deals is expected to yield to the exch...

FAQ on House Property – Vol.II

Now lets take our discussion to the next level. 1)      How to Calculate Gross Annual Value? Mr. X owns a property at Mumbai. Munici...

FAQ on House Property – Vol.I

One of the most popular genres of queries from individuals is about the way the rental income from house property is taxable, and the way...

SBI rate cut may trigger war in car loan segment

News & FAQs | By ALOK PATNIA | Apr 24, 2012

According to Times Of India: The country’s largest bank, State Bank of India, has slashed auto loan rates and deposit rates while m...

Consortium of non-residents to be treated & taxed as AOP in India: AAR

News & FAQs | By ALOK PATNIA | Apr 23, 2012

According to Authority for Advance Ruling (AAR), a consortium formed by non-residents to bid for a turnkey project in India is to be trea...

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