Capital Gains Sale of Agricultural Land: Section 54B Exemption 2019-20

capital gain on sale of agricultural land

Agriculture land which is reducing day by day for basic agriculture purposes, the main cause is population everybody wants land for agriculture or some other purpose, like (residential, commercial etc). This article is all about capital gain on sale of agricultural land. In India agriculture land only be available in a rural area or urban … Read more

How to Calculate Interest 234a 234b 234c with example [Excel Download]

234a 234b 234c interest calculator in excel

Interest Penalty u/s 234A, 234B & 234C under Income tax act with example and Download Excel calculation Sheet Paying your installment on time will appreciate your credit rating, on the other hand, Paying interest under section 234A, 234B & 234C mark a dent on your savings. The same phenomena rule under income tax payment. In this … Read more

Section 80EEA Deduction for interest paid on home loan – Housing for All

Section 80EEA Deduction for interest paid on home loan

Section 80EEA introduced in July Budget 2019 with the objective “Housing for all”. The government has extended the benefit for the FY 2019-20. The main motive to the introduction of the section is to provide affordable housing finance for every class in common man and to enable the home buyer to have low-cost funds. In … Read more

Income Tax Slab of Last 20 Years From AY ‘2001–2002’ to AY ‘2021–2022’.

History of income tax in india

  Understanding Income Tax Slab before calculation and assessment of tax is very important for tax expert as well as a common man. Let’s begin with the bottom: Income Tax Slabs for A.Y. (2001-02) Income Tax Slabs for A.Y. (2002-03) Also, Read Mistake rectification under section 154 of income tax act. Income Tax Slabs for … Read more