Taxmantra Global is battle-ready for the COVID-19 outbreak with full client delivery capability intact

At the time of penning this, the COVID-19 crisis is increasing exponentially all over the world. Global leaders and organizations are doing their best to manage this crisis. Even so, the boundaries are getting severely stretched. However, it is not just a macro crisis that needs to be handled at a global level.

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Save Capital Gain Taxes – Capital Gain on sale of House Property- Sec 54

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

The Income Tax Act, 1961 grants exemption of capital gains arising from the transfer of residential house property under section 54. Cond...

Invest in NHAI and REC Bonds to save tax on Capital Gains

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

If you have transferred long term Capital asset during the previous year and on the same if you have earned capital gain, usually you hav...

Housing Loan – Tax Exemption of interest of pre-construction period

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

Interest Payable by an assessee in respect of funds borrowed for the acquisition or construction of a house property and pertaining to a ...

Compensation received at the time of voluntary retirement or separation – 10(10C)

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

The Indian Income tax has provisions for tax exemptions of compensation received at the time of voluntary retirement or separation is exe...

Public Provident fund (PPF) Still holds Strong as Tax saving and investment option

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

The Public Provident fund (PPF) still holds as one of the best tax saving and investment plan especially for salaried Individuals. Invest...

Taxability of Pension under different Scenarios

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

In general, a pension is an arrangement to provide salaried with an income when they are no longer earning a regular income from employme...

Valuation of perquisite in respect of free domestic help/ servants

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

The value of benefit to the employee (or any member of his household) resulting from the provision by the employer of services of a sweep...

Valuation of perquisite in respect of gas, electricity or water supply provided free of cost

Direct Taxes (including International Taxation) | By ALOK PATNIA | Last updated on Oct 5, 2017

Salaried individuals in addition to their usual monthly take aways, get perks or additional benefits, one of such is provision of gas, el...

List of Tax Free Incomes for Individual Taxpayers – II

News & FAQs | By ALOK PATNIA | Last updated on Apr 28, 2011

• Income of a mutual fund set up by a public sector bank or public financial institution ; • Income of the notified exchange risk adm...

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