Property valuation Certificate by CA A property valuation certificate by a Chartered Accountant (CA) refers to a professional assessment conducted by a CA to determine the value of a property. Chartered Accountants who specialize in property valuation provide their expertise to evaluate the fair market value of a property and issue a valuation certificate. Here… Read More »
In what bases tax is collected by governments Governments collect taxes from individuals and businesses in various ways. Here are some of the most common point on bases tax is collected by governments: To visit: https://www.incometax.gov.in 1.Income: Income tax is collected on the income earned by individuals and businesses. The tax rate may vary depending… Read More »
Indirect and Direct Tax Indirect and Direct tax is a type of tax that is imposed on the income or wealth of an individual or entity. It is called “direct” because the tax is levied directly on the person or entity that is liable to pay it. The tax liability cannot be shifted to… Read More »
Section 24 Section 24 of the Income Tax Act is relate to the deduction of interest on home loans for taxpayers who own a house property. The section provides for two types of deductions – a deduction of up to Rs. 2 lakh for interest paid on a self-occupied property and a deduction of actual… Read More »
GST Compliance Checklist GST compliance checklist, Maintaining compliance with the Goods and Services Tax (GST) regulations is crucial for businesses. While the specific requirements may vary depending on the country. Here is a general GST compliance checklist GST Registration: Ensure that your business is registered for GST as per the prescribed threshold limits and… Read More »
Tax planning for property Sale Tax planning for property sale, Capital gains tax: As an 80-year-old individual who is selling his own earn immovable property, may be liable to pay capital gains tax on the sale, depending on the specific details of the transaction. Capital gains tax is a tax levy on the profit earn… Read More »
Difference land revenue and Land Tax Difference land revenue and Land Tax, It’s distinct terms used in the realm of land ownership and taxation. Land revenues denotes the payment made by the landowner to the government for utilizing and occupying the land. It is a periodic payment remitted by the landowner to the… Read More »