Section 80EEA Overview Section 80EE is an existing provision which allows deduction up to Rs. 50000 on interest, paid by first time home buyers on a loan sanctioned by financial institution between [...]
Section 80EEB Overview In union budget 2019, government announced incentive on purchase of electric vehicles. It has also been said by the finance minister that this scheme is applicable on advanced [...]
Certificate Attestation Certificate Attestation Services are offered by various companies in India but it is difficult to choose a company offering timely and quality Certificate Attestation [...]
Government Approved Valuers Government Approved Valuers offer different valuation services in India. It is a non-profit, international body of professionals which represents all types of valuation [...]
What is Form 26QB? As per finance bill 2013, TDS is applicable only on sale of immovable property whose value is equal or greater than Rs.50 Lakhs. Seller needs to obtain form 16B whereas buyer [...]
What is Form 60 of Income Tax? It is a declaration filed by an individual in the absence of PAN card in order to carry out specific financial transactions. Form 60 is filed by an individual in the [...]
What is Form 61A? It is a record of specified financial transactions furnished by the tax payer under Income tax act, 1961. It is a new concept started by the income tax authorities in order to [...]
What is Unique Document Identification Number (UDIN)? Unique document identification number (UDIN) is a system generated number of 18 digits assigned to each and every document certified/attested by [...]
What is Form 12BB? Form 12BB is a statement made by an employee to claim tax benefits or to take rebate on investments & expenses. This form needs to be filled by all the salaried employees paying [...]
What is Provident Fund? Provident fund is a small portion of employee's remuneration made in order to contribute towards their retirement. It is deducted from basic pay of the employee every month [...]
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