The newly launched eRITS platform is built on the government’s Gava Connect integration system and is designed to automate tax computation, filing, and payment for rental income. The system is part of ...

However, Mumbai ITAT refused to go into the correctness of the LTCG calculation but told that the AO cannot ignore the LTCG gain declared in AY 2010-11. Sandeep Jhunjhunwala, Partner- M&A Tax, Nangia ...

The total tax burden from all slabs adds up to Rs 3,43,750. After adding 4% by way of health and education cess, which comes to Rs 13,750, the total tax to be paid is Rs 3,57,500.

1,25,000. Year 2 or later: (a) The Investor sells ABC Shares at Rs. 4,00,000. For ease of calculation, we have assumed that all transactions qualify for long-term capital gain tax benefits.

From tax professionals' point of view, Winman Software speaks very well in providing extensive income tax computation, credible audit reports and financial statement generation capabilities. Due to ...