Tax Consultants India
  • Brief on Tax deduction on Interest of Home Loan Under Section 80EE, w.e.f. 1-4-2014

    First time individual homebuyers can get tax deduction on interest of home loan, under newly inserted section 80EE of the Income Tax Act, applicable for assessment year 2014-15. This is in addition to tax rebate on interest payment of home loan, under section 24. Eligibility for 80EE rebate This rebate on home loan interest is…

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  • How to apply for PAN Card

    Permanent Account Number (PAN) is a unique identification value for the reason keeping track records of Income Tax Data by Income Tax Department. It is given by the Indian Income Tax Department under the supervision of the Central Board for Direct Taxes (CBDT) and is almost equal to a national identification number like voter ID…

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  • Avail tax benefit on home loan paid to bank

    When home loan is availed against any under-construction property, the tax benefit in respect of interest can be claimed only once the building of the property is finished. The interest paid for the period prior to the economic in which the construction of the property is finished is permissible as deduction in five equal annual…

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  • Filing the Right Tax Returns

    Tax advisor provides guide to assist you filing the right tax returns before the July 31 deadlines using the official website of the Income Tax Department .With the deadline for filing income tax returns approaching, here is an overview of tax-return forms for individuals. INCOME TAX RETURN-1 SAHAJ INDIVIDUAL INCOME TAX RETURN (AY 2013-14) Individuals…

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  • How to save tax in India : 20 Steps

    There is multiple options and contradictory advice. And a deadline that’s imminent fast. Many taxpayers find themselves in this circumstance at the beginning of the year when they have to make tax-saving investments. Before you make a option, go through our cover story to make out which is the best option for you. We have…

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