Capital gain calculator Capital Gain Calculator (Land and Building) Sale Price (in Rs.): Sale Date: Purchase Price (in Rs.): Purchase Date: Cost of Improvement (in…
House Rent Allowance (HRA) is a common allowance provided by employers in India to help employees manage the cost of renting a home. It’s a…
Rent Receipt Generator
Tenant Name: Landlord Name: Address of the Property: Rent Amount: Start Date: End Date: PAN Number of Landlord (optional): Generate Receipts
Under the Income Tax Act, 1961 in India, the term “person” is defined comprehensively to include various entities. According to Section 2(31) of the Income…
Cost Inflation Index – Capital Gain
The Cost Inflation Index (CII) is used in the Indian Income Tax system to adjust the cost of acquisition and improvement of assets for inflation…
Deductions on Salary u/s 16
Section 16 of the Income Tax Act, 1961, provides for specific deductions from the salary income of an individual. These deductions are available to all…
Under the Income Tax Act, 1961, the residential status of an individual is determined based on their physical presence in India during the relevant financial…
History of income tax law in India
The origins of income tax law in India trace back to the British colonial period. The history and development of income tax legislation in India…
