[ad_1] The Supreme Court in a landmark verdict on Thursday allowed the sub-categorisation of Scheduled Castes (SC) and Scheduled Tribes (ST) in reservation, allowing wider protection for underrepresented groups. Following the order, Telangana Chief Minister Revanth Reddy said the state would immediately start the process of sub-classification to implement the reservation for the Madiga community […]
What is indexation in calculating long term capital gains tax? Does the removal of indexation benefit in the Budget mean you will pay more tax? | Explained News
[ad_1] The changes in the long-term capital gains (LTCG) tax regime, particularly the withdrawal of the indexation benefit, has emerged as one of the most contentious decisions announced in the Union Budget for 2024-25. The announcement initially led to confusion and trepidation among various sections, prompting the government to issue a string of clarifications and […]
Restaurant owners say the service charge is not illegal; It is for the benefit of the employees
[ad_1] Restaurant owners have reiterated that it is not illegal to levy service charge by them and the amount of service charge is clearly mentioned on the menu card for the customers to make use of their choice before availing the services. He said the fee is for the benefit of the restaurant’s employees and […]
How to avail Max Home Loan Tax Benefit in India in 2022?
[ad_1] The maximum home loan benefit that can be claimed as a deduction in India is as follows:- section deduction allowed allowed for section 24 Rupee. 2,00,000 interest repayment Section 80C Rupee. 1,50,000 principal repayment Section 80EEA Rupee. 1,50,000 interest repayment Thus, as is clear from the above table, deduction can be claimed for both […]
‘Aap’s 300 units free electricity scheme will benefit 84 percent consumers’
[ad_1] Aam Aadmi Party (AAP) came to power in the recently held Punjab Assembly elections with a wave of support. At the heart of the party’s campaign for that election was a promise – to provide 300 units of electricity per month to every family free of cost if AAP comes to power. Voting is […]
STARTUPS U/S 54GB . tax benefit on investment in
[ad_1] STARTUPS U/S 54GB . Income Tax Benefit on Investment in Section 54GB of Income Tax Act Exemption on capital gains from sale of residential property if the proceeds are invested in equity shares of a startup firm. This exemption was created to provide assistance to an individual or HUF who wants to set up […]