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Financial backup for medical treatments
Section 80DDB offers a beneficial tax deduction for medical expenses for treatment of specified diseases.
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Chance to buy ‘enemy property’!
The government on Thursday said it is planning to sell over 2.91 lakh ‘enemy property’ shares in 84 companies to individuals and corporate
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TDS rules on buying a house: 3 key things you must know
The buyer of the house needs to deduct tax when making a payment to the seller. The applicable rate of TDS is 1% of the transaction value.
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What is HUF and how it saves tax?
To show the existence an HUF entity, the Karta has to make an HUF deed. There will also have to be a separate PAN and bank account for HUF.
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Tax benefits on stamp duty and registration fees
Section 80C of the Income Tax Act, 1961 allows for a deduction for stamp duty and registration fees paid when purchasing property
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HUF can work as a tax saving tool
HUFs are governed by Hindu law and founded by a married couple or joint family members
