CII or Cost Inflation Index refers to the numbers issued by the Income Tax Department in each year’s budget depicting the level of inflation for the relevant Financial Year.
Income tax form Sugam ITR - 4S for Presumptive Business. Learn about the applicability of the form, Part A, Part B, Part C & schedules of ITR 4 form
Individuals who are holding properties also need to file income tax returns for the gains from the property. Learn the meaning of ITR form 7, eligibility & procedure.
Tax treatment of Income Bonus received on salary by salaried individuals under Income Tax Act. Learn how employers deduct TDS on salary including bonus? When is bonus taxed & tax slab rates.
Are loans from family members or friends are taxable? Read about restrictions under income tax act on giving & taking personal loans.
How to calculate income tax on the sale of inherited property? Read about the concept of taxation under Hindu Succession Act & tax benefits on ancestral property.
What is the income tax applicable of awards & prizes? Learn about the tax implications on winning from lottery, game shows & puzzles & other tax free awards.
What is the applicable income tax on dividend? Read about the sources of dividend & how income tax is charged when received from domestic & foriegn company.
What is Minimum Alternative Tax? Learn about the purpose of MAT, provision of MAT as per Section 115JB, exemptions available, applicability & calculation of MAT credit.
Do you know what were the old income tax rates & tax slabs for companies in India? Know the income tax rates for last 8 FY’s for domestic & foreign companies in India.
