Nine O Six

​Some of the common exemptions available to the salary and allowances of MPs and MLAs are daily allowance, constituency allowance, and travel allowance. These exemptions are subject to certain cond...

For a person opting for the presumptive taxation scheme, the taxable business income is calculated at a rate of 8% or higher of the turnover or gross receipts of the eligible business for the year....

To be eligible for exemption under Sections 54 or 54F, the construction of the new home must be completed within three years from the date of the sale of the old asset.​

​No. Sukanya Samriddhi Account is not eligible for availing any loan against it.​

To compute 'Income from House Property', follow these 5 simple steps: Determine Gross Annual Value (GAV): For Let-out property: Rent received or Receivable.For Self-occupied: Nil.For vacant propert...

To view the list of email addresses for the income tax ombudsman, please visit https://www.incometaxindia.gov.in/Pages/ombudsman/know-your-ombudsman.aspx​

​Here's a list of documents you typically need to prepare and file your tax return (ITR): 1. Personal Information: PAN (Permanent Account Number)Aadhaar CardContact details2. Income Documents:  For...

Budget 2020 includes a new tax slab that will go into effect on April 1, 2020. Higher income earners pay lower tax rates under this new income tax bracket. It is voluntary and gives you the option ...

No, under the presumptive taxation scheme computed at 6% or 8%, individuals cannot claim any additional deductions from their income. The prescribed percentage (i.e. 8% or 6%) of turnover or gross ...