Income-tax Act
How a Will Can Save You a Lot of Tax
Many tax advantages are possible only through a Will. For example, a separate income-tax file for a Hindu undivided family can be established by transfer of property through a Will. Similarly, bequests can be made to minor children and minor grand children through a Will in a manner such there is no clubbing of income […]
TDS Explained- TDS on purchase of Immovable Property
People often have many doubts regarding TDS (Tax deduction at source) and its related concepts. As the name depicts, TDS is just an indirect mode to collect tax from the tax payer or deductor by the income tax department. In order to avoid tax evasion, Income Tax Act has introduced the provision (TDS) to collect […]
