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Income Tax Return (आयकर रिटर्न) : How to File, ITR Forms ...

Income Tax Return or ITR is a form in which taxpayers declare their tax payments, deductions and taxable income. It is a way of informing the Government of India about how much income you have earned in a financial year and from which sources such as through interest earnings, dividends on investments or capital gains. It is a yearly procedure, which must be completed before the deadline, i.e.,...

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What is Withholding Tax in India - Rates of Withholding ...

Withholding tax is an amount that is directly deducted from the employee's earnings by the employer and paid to the government as a part of individual's tax liability. These taxes are paid to the central government of India. In India, the Central Government is liable and empowered to levy and collect taxes. Tax is charged based on the income of the person. The income is categorized into various...

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Tax on Sale of Property in India| Capital Gains Tax India

The Indexed cost of acquisition is calculated in the following manner,

The actual Purchase price in 2009 was Rs. 25,00,000

What would be the fair price of the property in 2018?

Referring to Cost Inflation Index, we calculate the fair price,

Index for 2009 is 148

Index for 2018 is 272

Fair Price will be, 25,00,000 * (272/148), Rs. 45,94,594

Referring to the table above, we can see that the total capital...

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Related topics : capital gains property tax calculator / capital gains property tax rate / capital gain tax calculator / income tax rate calculator / income tax india calculator