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Income Tax

Latest Happening in Income Tax in India

Income Tax

PPF Annual Investment Limit raised to Rs. 1,00,000 from Rs. 70,000

The Finance Ministry vide its latest rules have notified an increased limit for Public Provident Fund or PPF Accounts as they are generally known from Rs. 70,000 p.a. to Rs….

Read More PPF Annual Investment Limit raised to Rs. 1,00,000 from Rs. 70,000Continue

Income Tax

Avail loan against PPF after the expiry of one year from the end of the year in which the initial subscription was made

How Much You can get? You can take a loan from the third year of opening your account to the sixth year.Also, the loan amount will be upto a maximum of 25% of the balance in your account at the end…

Read More Avail loan against PPF after the expiry of one year from the end of the year in which the initial subscription was madeContinue

Income Tax

Amendments in Minimum Alternative Tax (MAT)

Section 115JB, which provides for minimum alteration tax, has been prescribed at a rate of 18.5% and this will be affective from 1st April 2012 The computation mechanism has also…

Read More Amendments in Minimum Alternative Tax (MAT)Continue

Income Tax

Benefit of Indexation based on Payments made and the date of Allotment of Under Construction Builder Flat

Many of us face the problem of calculation of capital gain on sale of property which was purchased from builder in installments or otherwise and was under construction when the…

Read More Benefit of Indexation based on Payments made and the date of Allotment of Under Construction Builder FlatContinue

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Ahuja & Ahuja Chartered Accountants in India

We are a full service Chartered Accountancy Firm serving clients located in India and Abroad. We are located in Delhi / NCR region of Delhi, Noida & Gurugram

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Haryana - 122002

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