Capital Gain Tax Rate- Short Term | Long Term Capital Gain
Capital Gain Tax Rate is a rate at which tax on capital gain income is calculated.
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Capital Gain Tax Rate is a rate at which tax on capital gain income is calculated.
Books of accounts- Under Income Tax Act, you might have to maintain books of accounts. The Income Tax Act has specified the books of accounts that are required to be maintained for the purpose of Income Tax, the same has …
Presumptive Taxation Scheme Before reading about section 44ADA of Income tax Act, 1961 it is necessary to understand the presumptive taxation scheme of the Act. Presumptive Taxation- To reduce the burden of compliance for small taxpayers, The Government provides for …
The presumptive taxation scheme of section 44AD is designed to give relief to small taxpayers engaged in any business (except the business of plying, hiring, or leasing of goods carriages referred to in section 44AE).
Meaning of Depreciation- Before knowing the Depreciation as per Companies Act, we must know the meaning of depreciation. In simple words, depreciation is a reduction in the value of assets over time, due in particulars to wear and tear. As …
Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life, where the depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less its residual value.
At the time of calculation of Long Term Capital Gain, the income tax law considers market instability and inflation of the cost of assets and investment.
GST due date- Due to the COVID-19 pandemic and challenges faced by the taxpayers, the government has again extended the GST filing due dates. Here in this post, we have mentioned the Revised GST due date in tabulated form. Due …