In our earlier articleTax : Income From House Propertywe had given an overview of how to calculate Income From House Property. In this article we shall consider the case of one house for self-occupied purpose i.e being used by the owner for residences and no other property. It gives an ...
Calculate taxable amount of HRA (House Rent Allowance) of salary as per provisions of Income Tax Act / Rules
This HRA received from the employer is exempted from tax in the hands of the employee up to a certain extent. The limit of exemption allowed is the lowest of the following 50% of the salary if the house is in a metro city like Kolkata, Mumbai, Delhi and Chennai else 40% of the ...
In case you have filed your Income Tax Returns before the due date of filing of Returns u/s 139(1) but later realised that there was any omission or mistake in filing your Income Tax Return, you need not worry as you can always file a Revised Return of Income Tax under section 139(5...
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...
Majority of slum dwellers in Kolkata predominantly walk (56%) for their travel needs followed by bus travel (26%) [101]. In terms of travel distance, nearly 50% of slum dwellers commute within 0.8 km, while 75% travel within 1 km. The percentage share of income on transport expenditure ...
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...
INCOMETAXAPPELLATETRIBUNALORDER2009-TIOL-758-ITAT-DEL/sONGCVideshLtdVsDCIT,NewDelhi(Dated:October30,2009)Income-tax-section..