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Dear Client,
Both Certificates of Registration and Certificate of Enrolment are issued by the respective State Govt. under the Tax on Professions, Trades, Callings, and Employment Act, and both certificates can be amended on necessity and merit in the application of Certificate holders. Where the holder of a certificate of registration desires the certificate to be amended, he shall submit an application for this purpose to the assessing authority setting out the specific matters in respect of

Dear client,
NPS account tax benefits extend up to ₹2,00,000 per annum for each individual. As an investor, investing this amount will make you eligible to claim ₹1,50,000 tax deduction under Section 80C and an additional ₹50,000 under Section 80CCD(1B). While there is no limit on the NPS maximum contribution per year, any investment above this threshold will not be eligible for tax deductions.

You can avail deduction on the interest paid on your home loan under section 24(b) of the Income Tax Act. For a self-occupied house, the maximum tax deduction of Rs. 2 lakh can be claimed from your gross income annually, provided the construction/ acquisition of the house is completed within 5 years.
A tax payer can deduct both the interest paid on a house loan as well as the principal amount that was repaid on the loan. In the case of self-occupied property, section 24 allows a deduction on th

Under Section 80C of the Income Tax Act, 1961, claims received against personal accident policies are not eligible for tax deduction. However, compensation awarded by Motor Accident Claims Tribunal – Interest awarded on compensation in motor accident cases cannot be considered as taxable income under the Income Tax Act, 1961- Interest on compensation awarded up to date of order of Tribunal or Court is also held to be not taxable.

Dear Sir,
The question purely related to Income Tax and Finance matters as such you may contact any chartered accountant or auditor for effective answer.

Hello,
Under section 10(26) of Income Tax Act 1961 it is clearly states that any member of Scheduled tribe falling under clause 25 of article 336 of constitution of india is exempted from payment of income tax .

Dear Client

For that, You can submit the complaint letter to the Income Tax Department's local office in South Bangalore or contact the Income Tax Department's toll-free helpline at 1800-180-1961 or file a complaint using the Income Tax Department's online complaint portal.

Dear Client

To calculate the capital gains tax on the sale of your property, we need to know the following information:

1. The cost of acquisition of the property that you sold in 2020
2. The cost of acquisition of the property that your wife sold in 2022
3. The selling price of both properties
4. The cost of the new house that you purchased in 2022

As per the Income Tax Act, you can claim an exemption on long-term capital gains by investing the proceeds in a new house. The exemption is avail

Dear Client,
It is purely a question relating to financial matter as such it could be answered in a better way by either chartered accountant or auditor.

Dear Client,
It is purely a question relating to financial matter as such it could be answered in a better way by either chartered accountant or auditor.