Budget 2019 not only brings a new section 80EEA for interest exemption of addition Rs 1. 5 Lakhs for an affordable home loan, but also introduced section 80 EEB which would give tax exemption up to Rs 1.5 Lakhs on interest paid for the purchase of electric vehicles. Both the section is introduced from FY … Read moreSection 80 EEB – Tax Exemption on Purchase of Electric Vehicles
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 moreSection 80EEA Deduction for interest paid on home loan – Housing for All
Excel based Income Tax Calculator for FY 2019-20 – AY 2020-21 This excel-based Income tax calculator can be used for computing income tax on income from salary, pension, gifts, fixed deposit and bank interest, house rent and capital gains (short and long term gains). Also Explore:- 1) Home loan EMI calculator India 2) Capital Gain … Read moreDownload Excel based – Income Tax Calculator for FY 2019-20 [AY 2020-21]
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: Table of Contents Income Tax Slabs for A.Y. (2001-02)Income Tax Slabs for A.Y. (2002-03)Income Tax Slabs for A.Y. (2003-04)Income Tax Slabs for A.Y. (2004-05)Income Tax Slabs for A.Y. … Read moreIncome Tax Slab of Last 20 Years From AY ‘2001–2002’ to AY ‘2020–2021’.
Every Indian someway or other invest their savings in a stimulating way in different segments. The most significant problem is almost 87% of individual and salaried are not aware of tax on investment income in India. The rate of return is different for every category of investment, but very few are aware of the role … Read moreTax on Investment Income in India 2019
Bajaj Finserv EMI Card is the fastest growing EMI card among electronic shops or any other household product which people like to buy on EMI. You can get consumer durable or lifestyle product of your choice with your EMI (Existing Member Identification Card), only from Bajaj Finserv Lending. In this article, you will get complete … Read moreBajaj Finserv EMI Card Review, Features & Highlights
“Notice” word itself bring a lot of panic among the taxpayer. Income Tax Notice is not always brought you into trouble but also keep you away from it. However, Some Income Tax Notice is harmful and some are harmless. In this article, you will surely understand the kind of Income Tax Notice, intimation u/s, the reason behind the … Read moreReceived Income Tax Notice? (Don’t panic)
You are a taxpayer, it doesn’t mean you only make mistakes, sometimes the Income-tax department also makes mistakes due to some technical glitch. In this article, we will learn about mistake rectification under section 154 of the income tax act. Before moving ahead: Table of Contents What is section 154 of Income TaxRectification under section … Read moreMistake Rectification under section 154 Income Tax Act.