Simplified Laws Guide to Taxation and Legal Concern

You would have got many mails or pdf documents covering the highlights of the Union Budget 2018. Hence, I chose to write only the important points here # 1 – Salaried employees – Currently, Rs.15000 per year towards medical reimbursements and Rs.1600 per month towards travelling allowance is available as …

If you are an individual, taken a house / flat on a monthly rent of Rs.50000, you have to deduct tax (TDS) at the rate of 5% and pay it to the government. Are you aware of this TDS provision on Rent? If not, here you go- A new Section …

Hello My NRI friends, Do you own a property, say House, plot or a flat in India? In case you hold one and decide to sell such property, you are subject to Capital Gain Tax. How much taxes are to be paid? It depends on the period of holding of …