Indian Government allows individuals and Hindu undivided families(HUF’s)to avail tax exemption on the sale and repurchase of some capital assets. Capital asset includes house, shares , ancestral property, agriculture land etc. The individual can claim tax exemption on that particular capital asset under certain provisions of the income tax act,1961. Of which we are discussingContinue reading “How To Avail Tax Exemption on The Sale Of Agriculture Land Under Section 54B”
Tag Archives: HUF
All about ITR Filing Forms
Now it’s time to file IT returns! If you are a tax payer and want to file IT returns, but unaware of which ITR Forms applicable to you? Here’s a detailed story on ITR Forms- ITR 1– This ITR form is applicable for salaried class with income less than 50 lakhs per annum. This ITRContinue reading “All about ITR Filing Forms”