Whenever a property is sold, it attracts tax liability under the head ‘Capital Gains’ on the profit or gain earned due to the sale of a property. Here is a quick look at tax on sale of property in India.
Currently, there are two ways in which you can calculate the taxable income for your business. In most cases, the presumptive tax scheme is usually better than the Normal traditional method.
It is the beginning of the new financial year and with it comes the time to plan your investments. Although there are many lucrative investments in the financial market, some of them are specifically beneficial not just from the returns point of view but also from the tax point of view.