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Exemption Under Section 54EC Limited to 50 Lacs

Capital Gains Exemption on investment in Specified Bonds Accordingly, It is proposed to insert a proviso in Sub-Section (1) so as to p...

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TDS 2% on Non-Exempt payment under Life Insurance Policy w.e.f 01.10.2014

Under the existing provisions of section 10(10D) of the Act, any sum received under a life insurance policy, including the sum allocated b...

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Interest on Housing Loan increase to Rs. 200000

The existing provisions contained in section 24 of the Act provide that income chargeable under the head “Income from house property” shal...

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Increase Limit of Deduction Under Section 80C

Under the existing provisions of section 80C of the Act, an individual or a Hindu undivided family, is allowed a deduction from income of ...

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A MEMORANDUM - TAX RATES AFTER BUDGET 2014

I. Rates of income-tax in respect of income liable to tax for the assessment year 2014-2015. In respect of income of all categories of...

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