Professionals excluded from maintaining accounts if offers 50% of receipt as income

Interest on Saving Bank account up to Rs. 10,000/- is eligible for deduction u/s 80TTA

Curbing cash transactions through Income Tax Law

Payment for eviction of tenant is eligible for deduction

Income tax without actual income: Second house property

Cost Inflation Index for the FY 2017-18 notified as “272”  

Quoting of PAN is mandatory if transaction value exceeds Rs. 2 Lakh

Invest in Gold through Gold Sovereign Bond

Not all proceeds from Life Insurance policies are tax free

Issues in taxation of capital gain

To curb circulation of black money, filing of statement of financial transactions (SFT) has been made mandatory by different categories of taxpayers.

ELSS income is totally tax free

INCOME TAX LIABILITY COULD ARISE WITHOUT REAL INCOME  

IT department is very efficiently capturing & analyzing the data

Proper documentations & planning could lower tax incidence

No SFT to be filed if there is no reportable transaction

Ownership of House property & Deduction on Housing Loan

LTCG exemption will be withdrawn if the new house is transferred within 3 years