Cost Inflation Index (CII) Chart / Table for FY 2018-2019 / AY 2019-2020. Also, see the old cost inflation index table. How to get Fair market value as in 2001 (New Base year for CII is 2001)
Last updated : 16th March, 2019 Over the years, property is one of the high ticket items in one’s investment portfolio. Now the buying / selling are more frequent with good appreication. However, the investor needs to consider taxation aspects when buying & selling properties. Any profit earned on sale of property is taxed as
Last updated : 6th March, 2019 Section 80EE allows you to claim additional deduction of Rs 50000 per year for interest payable on housing loan. This deduction is available for individuals subject to following conditions: Value of residential house does not exceed Rs. 50 Lakhs Loan sanctioned does not exceed Rs. 35 Lakhs Loan is
Last updated : 6th March, 2019 Hopefully, you are claiming deduction upto Rs 1.50 Lakh under Section 80C by investing in various eligible options. If not, please read the article here about 80C tax deductions. After exhausting the limit of Rs 1.50 Lakhs u/s 80C, you must be thinking – Are there more avenues to
Last updated : 14th March, 2019 In the month of March, most tax payers rush to invest their money in tax saving instruments. Though it is better to do the tax planning at the start of year & plan your investments over the whole year. Many salaried taxpayers has to submit the investment proofs etc
Last updated : 8th February, 2019 Finance Minister Piyush Goyal presented the Budget for 2019-2020 in Parliament on 1st Feb 2019. Following are the highlights of his speech: Personal Taxation No income tax for those who earn up to Rs 5 lakh annually! (increased from current Rs 2.5 lakh) Hike in standard deduction from
Last updated : 27th July, 2018 The government on Thursday extended the deadline for filing income tax return for assessment year 2018-19. The deadline of July 31, 2018 has been extended by a month to 31st August 2018 Assessee can now file their income tax return (ITR) for financial year 2017-18 (AY 2018-2019) by August
Last updated : 20th July, 2018 Many income tax changes are applicable from 1st April 2018 that you need to know: 1. Penalty on late filing of Income Tax return (applicable 01 April 2018) Penalty of upto Rs 10000 will be charged if you file your ITR after the deadline (31st July) If return
Last updated : 20th July, 2018 As the due date for income tax is 31 July, you need to make sure that te returns are file on time. From April 2018, tax rules have changed and a penalty of upto Rs 10000 will be levied if the return is not filed on time. Also,
Last updated : 20th July, 2018 You can file ITR 1 & ITR 4S online (without using the excel ITR file). In this post, I am providing step-by-step guide to file these returns on Income tax efiling website. As the due date for income tax is 31 July, you need to make sure that te returns
Last updated : 20th July, 2018 The last date for filing return is quite near (31st July). Before filing the returns, check your Form 26AS to make sure that TDS deducted are appropriately credited to your account. As the due date for income tax is 31 July, you need to make sure that tte returns are