Sale of a residential house is taxable under the Income Tax Act, 1961. When you sell a house, you are required to pay capital gain tax on the profit received from the sale. The Income Tax Act,1961 provides relief from tax payment in such a case under Section 54 , subject to fulfilment of certain […]
Direct Tax : Not that typical
Direct Tax, also known as Income Tax Many times, I have seen students asking about the Direct Tax (DT) preparation [Direct tax, also known as Income tax], i.e., how to study, what to study, etc. and it seems that students sometimes, find this subject typical and tough. First of all, let me clear that Direct […]