Browsing: income tax laws

Mumbai-based investment and tax expert Balwant Jain argues that an inheritance tax is not justified in India because it disincentivises…

Under the old tax regime of India’s Income Tax Act of 1961, one can claim tax benefits on various allowances. …

Bengaluru undoubtedly boasts all the characteristics of a modern global metropolis – a booming IT and startup hub, cosmopolitan culture,…

My mother had purchased a piece of land for 8 lakhs 12 years back. Now She is selling it for…

My father had an HUF. Both my Father and Mother passed away without writing a will. The HUF has a…

I purchased a residential in 2009 and three plots of land in Pune. One plot is 10 years old and…

Raksha Bandhan, the beautiful festival celebrates the bonding between the siblings. Rakhi remains incomplete without gifts. However, the trends are…

My landlord is a non-resident Indian (NRI). I have already paid him the house rent for April and May by…

According to Indian taxation laws (Income Tax Act, 1961), the income of a person is taxed in India if it…

I had invested ₹20000 in long term infrastructure bonds in the year 2011 for 10 years under cumulative option. The…