In a financial year, we can save income tax by investing in LIC, health insurance, medical preventive checkup etc. But, while filing income tax return, we have to claim these expenditure and investments to get the tax benefit. If you have not declared at the start of financial year about these investments and tax hasContinue reading “Comparison of OLD and NEW income tax deduction, exemptions and rebate for FY 22-23, FY 23-24”
Tag Archives: tax
BH series vehicle registration 2023 online apply process, link, cost and transfer
What is BH or Bharat series vehicle registration? MoRTH (Ministry of Road Transport and Highways) has issued a new number series BH (Bharat) for vehicle under Central Motor Vehicles (20th Amendment) Rules, 2021. It is for those people, who has to move from one state to another in case of job transfer or for anyContinue reading “BH series vehicle registration 2023 online apply process, link, cost and transfer”
FY 22-23 and FY 23-24 Income tax rate slabs – ‘Old vs New’
For FY 22-23 (AY 23-24) and FY 23-24 (AY 24-25), the Income tax rate slabs – ‘Old vs New’ for Individual, HUF, senior citizen, super senior citizen and Surcharge has been covered in this post.
Difference between Short term and Long term capital gains
Capital gains definition: Capital gains are the gains arising from the sale of any type of capital assets like immovable property, equity shares (listed or Un-listed), debt-fund, mutual fund, Jewellery etc. We’ll know the difference between Short term and Long term capital gains below in detail. (source: Income tax India)