SCO 30-A, 2nd Floor, Bhagat Singh Market, Old Sunny Enclave, Kharar, Kharar, Punjab 140301
Now days, Income Tax department very frequently issuing Notices u/s 201(1) /206C (7). These notices are mainly for Short Deduction & short Payment of Tax. If we ensure certain things, Notice from Income tax Department can certainly be avoided. Short Deduction is reported mainly due to following reasons: – While filing e- TDS
If an individual holds more than one property in his name, only one such property may be considered as self-occupied and the others are classified as ‘deemed rented out’. The property to be classified as deemed rented out is at the individual’s discretion. From taxation angle deemed let out house increases your tax liability in
Taxation Benefit for Joint Owners A joint housing loan comes with the twin benefit of increasing the overall loan eligibility and the income tax rebate that can be claimed by both co-applicants individually under Section 80C and Section 24. The mandate in claiming the income tax rebate is that the co-applicants of the housing
Important Shortcut keys of Tally: Windows Functionality CTRL + Alt + R Rewrite data for a Company ALT + 2 To Duplicate a voucher ALT + A To Add a voucher To Alter the column in columnar report ALT + C To create a master at a voucher screen (if it has not been already
What is Rule 72? In personal finance, if you divide the number 72 by the rate of interest, you get to know the number of years it will take for you to double the money.. Eg: if the rate of interest is 9%, simply divide the number 72 by 9% and the answer is 8.