Recently the Hon'ble Supreme Court in the case of M/s Chennai Properties & Investments Ltd. Vs. CIT, reported in (2015) 42 SCD 651, vide judgment dated 9-4-2015 has held that where assessee company engaged in the activity of letting out properties and the rental income received was ...
In this case Mr Kale has given his wife name in flat for convenience and he has contributed full money in the flat. Hence he has become the deemed owner as per Section 27 of the income tax act . So as per this Section full(100%) Income from house /Flat is to be added in his in...
Calculate taxable amount of HRA (House Rent Allowance) of salary as per provisions of Income Tax Act / Rules
Exemption under Section 10 (1) on agricultural income If you earn any type of agricultural income in a financial year, such an income would be exempted from tax. Agricultural income, as defined under Section 2 (1A) of the Income Tax Act, 1961, would include the following types of incomes...
8 In India, for instance, the cities of Bangalore, Chennai, Delhi, and Kolkata could lose an additional five to ten percentage points of outdoor working hours due to extreme heat and humidity.9 1 The four Asias are: Advanced Asia, including...
Income from house property is one of the important heads of income under the Income Tax Act. The tax payers have been, in particular, keen to know about the exemptions and deductions available to them on repayment of interest and principal of the loan ob
For example, in Chennai, India, 66 percent of female respondents stated that they have been harassed while commuting [82]. A series of studies document the prevalence of fears and concerns about safety in the developing world. They plot how such fears influence travel decisions taken by women ...
Question 49: I am a real estate developer registered in Delhi. I have a sales office in Mumbai, Chennai and Kolkata. Do I need to take registration in Maharashtra, Tamil Nadu and West Bengal? Answer:yes as the sales office will be treated as distinct entity providing service to the regist...