Category: Wealth Tax

Income Tax Settlement Commission-application process

Mar 17, 2014

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SREENU .T

in D.TAX, Wealth Tax

The Income Tax Settlement Commission (ITSC) is an important Alternate Disputes Resolution (ADR) mechanism for resolving tax disputes relating to Direct Taxes. At present, four benches of the Settlement Commission are operational at New Delhi, Mumbai, Kolkata and Chennai, respectively.
Hidden Benefits of housing loan you must read

Dec 10, 2013

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by

SREENU .T

in D.TAX, Income From House Property, Tax Planning, Wealth Tax

Housing loan, in first instance it is like a burden to repay a certain amount to be paid in periodical intervals even though it is used for construction/purchase of house. But, when it comes to Tax calculation it will be beneficial to tax payer that, he can deduct the interest paid on account of housing…