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Bangalore residents are required to pay property taxes every year. Online payments can be made on the BBMP/BDA website or at authorized BBMP/BDA centers. Step-by-step instructions are provided in this article for paying BBMP property tax. In different regions, property taxes vary widely. A robust civic infrastructure is provided by the state government through this … Read More “Property Tax in Bangalore (BBMP): Payments, calculations, rebates” »
Businesses established in Special Economic Zones (SEZs) can claim deductions under section 10AA of the Income Tax Act. For entrepreneurs who set up their businesses in Special Economic Zones, the Government announced tax concessions in April 2000 to encourage foreign investment in India. The Foreign Trade Policy initially guided the creation of SEZs. Nevertheless, gradually, … Read More “Section 10AA Deduction” »
Are you aware of what are the different types of Tax Audit in India? How you can learn about the Process of Tax Audit in India? Well in this article you will get all the Information you need. Types of Tax Audits in India:- There are three main types of income tax audits in India: … Read More “Types of Tax Audit in India: An Overview” »
The following section 8ODD shall be substituted for the existing section 80DD by the Finance Act, 2003. w.e.f. 1-4-2004: Deduction for dependents with disabilities who receive medical treatment and maintenance. 80dd income tax. (1) An assessee who is a resident of India and is an individual or Hindu undivided family has, during the previous year, … Read More “Concessions under 8ODD Income Tax” »
In order to fund the plentiful amenities provided for the general public by the Government of India, different types of taxes are imposed. Central government taxes are imposed, whereas state government taxes are imposed on property. It can be a time-consuming and complicated process to calculate property taxes. By following a step-by-step process, you will … Read More “Understanding BBMP Property Tax In Detail” »
Following are the types of income that are exempt from tax: Interest earned on NRE/FCNR accounts The interest earned on government-issued savings certificates and bonds notified to the government Earnings from domestic Indian companies’ dividends Capital gains from listed equity shares and equity-oriented mutual funds over the long term It is possible to exempt capital … Read More “Tax Exemptions for NRIs” »
