penalties for assessment

Penalties That Follow an Income Tax Assessment in India

Under the Income-tax Act, penalties are levied for various defaults committed by the taxpayer. Some...

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Technology upgradation scheme funds

How the Amended Technology Upgradation Fund Scheme Worked

A credit-linked subsidy introduced by Ministry of Textiles for Small Scale Industries which aims to...

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Interest Paid on Home Loan

MAXIMUM DEDUCTION OF RS.3.5 LAKHS FOR INTEREST PAID ON HOME LOAN – Here’s how you can claim

Section 80EEA What is deduction U/s 80EEA? The section provides an Interest deduction of Rs....

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ALL YOU NEED TO KNOW ABOUT REIT (Real Estate Investment Trust)

How REITs Work in India and How Their Income Gets Taxed

What is Real Estate Investment Trust (REIT)? A real estate investment trust (“REIT”) is a...

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