Income Tax Rates or Tax Slab Financial year 2012-13 is about to end on 31st March, 2013 and there is an obvious rush among salaried employees to make investment according to income tax rates and save as much income tax possible under Section 80C of the Income Tax Act, 1961. Employees are asking colleagues about […]
Income Tax Act and Income Tax Department, both have undergone sea depth changes. Manner of preparing return as well as filing has totally changed with advent of new technology.We can pay Income Tax online in no time without waiting in a line. Information Technology has changed the way of working of not only how the […]
In case of capital gains when long term capital gain is to be computed, then, indexation comes into picture to compute the indexed cost of asset as well as indexed cost of improvement. Indexation is not possible without a predefined index. Indexation is necessary to compute the present value of asset as on the date […]
Capital Gain and exemptions under head capital gain have been dealt, now some other provisions regarding Capital gain needs to be discussed in detail. Various provisions related to indexation, computation of Capital gain, set off and carry forward of capital loss, etc have been dealt with in this article. Indexation In case of long term […]
