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How Repo Rate Cut Affects Your Loans And Deposits

The Reserve Bank of India has cut the repo rate and the cash reserve ratio by 25 basis points each. The new effective repo rate for the thir...

5 Points To Remember While Selling Your House

Rahul is a young businessman who had a lot of surplus cash. He wanted to invest this cash. His friend advised him to invest in property. As ...

Five Things To Know About House Rent Allowance

The seasonal frenzy of calculating house rent allowance (HRA) surfaces from time to time, most often towards the end of every financial year...

Buyback of Shares - A Tool For The Companies To Come Out Of Crisis Situations?

SECTION 77 restricts the buyback of own shares  from  the market  by the company or its subsidiaries/parent company. This restriction was i...

1% TCS on Sale of Iron Ore to Traders

As per recent amendment, Department have levied 1% TCS on sale of Iron Ore to traders. However, no TCS is required to be collected if the I...

Cash Credit As Share Application Money

Ref: CIT-v-Nipun Builders & Developers Pvt Ltd 350 ITR 407 Del Where the assessee, being a pvt ltd co, received share aplication money f...