TDS is applicable on sale of property. As per the Union Budget 2013 TDS is to be deducted on sale of property when the consideration exceeds Rs. 50,00,000. This provision is applicable to all the transaction being entered into from 1st June 2013. The TDS has to be paid on the entire amount and not […]
The Government of India has undertaken an initiative named as Startup India in order to facilitate innovations and simplification of processes. The Government of India is providing various incentives and Tax benefits to startups. Eligibility Criteria for Startup Recognition: An entity shall be considered as a Startup upto a period of ten years from the […]
Direct Tax Simplified and New Income Tax Regime as an option to the old regime the old regime. Income Bracket (INR lakh) Tax Rate (per cent) Below INR 5,00,000 5,00,000 – 7,50,000 Exempt 10% 7,50,000 – 10,00,000 15% 10,00,000 – 12,50,000 20% 12,50,000 – 15,00,000 Above 15,00,000 25% 30% In the new tax regime, substantial […]
