Capital Loss carry forward

How to Set Off Capital Losses in case of Equities

According to the provisions of Income Tax Act, loss under the head capital gain i.e. capital loss, can be adjusted against the other capital gains. Additionally, the balance amount of loss after adjustment can be carried forward to next year. Let us understand the provisions in detail.

TDS Applicability on FD is raised from Rs.10,000

FD/RD TDS LIMITS INCREASED TO RS. 40,000 (Interim Budget 2019)

In the interim Budget 2019, Finance Minister has proposed to increase the limit of Fixed Deposit TDS from Rs. 10,000 to Rs. 40,000. However, this amendment is proposed only for the depositors having age below 60 years and no change in case of Senior Citizens.

What does the tax rebate of Rs5lac in the Union Budget mean for a common man

How you may not have to pay tax even with Rs 9.5 Lakhs income

Yesterday, our Finance Minister Mr. Piyush Goyal presented an interim budget for 2019-20. In the budget presented by him, he proposed to grant full tax rebate on Taxable Income up to Rs. 5,00,000. It is a rebate and not an exemption.

Budget 2019 - Impact on Income tax slabs

7 benefits for Income Tax Payers in Budget 2019 | Explained with Examples

Following changes have been proposed to be implemented from FY 2019-20 for individual Tax Payer perspective.

House Rent Allowance (HRA) Taxability & Calculation

For Whom? - For people who get an HRA component in their salaries. It can be claimed by an individual tax payer or an HUF. House Rent Allowance is given by employers to their employees to meet expenses if you are living in a rented space. HRA in salaries is claimed under section of income … Continue reading House Rent Allowance (HRA) Taxability & Calculation