NRI Consultation

Attention Taxpayers!

15.06.2018 is last date for paying first instalment of Advance Tax for FY 2018-19. Non/short payment is liable to penal interest- ITDEPT

U.G.Nikhil Raj
Tax Practitioner
8089434457, 8088434467

My new Office
Tax Consultation and Accounting Works...

Providing Services:-

Sales Tax and Luxury Tax Registration, Service Tax Registration, Firm and Company Registration, etc..

E filing of Sales Tax, Income Tax, Service Tax, Luxury Tax,TDS, PF,etc....
PAN, TAN, Import Export Code, Digital Signature, etc.....

FSSAI Registration, Corporation License, Shop and Establishment Registration, etc...

Internal Audit and External Audit....

Finalization of Books of Accounts, Books of Accounts printing, Seal, etc....

All types of part time accounting works....

Housing Loan Finance with a minimum time at a competitive rate

Address
2nd Floor, Kochappily Building, N.H bypass, Palarivattam, Vattathipadam East Road, Ernakulam, Pin. 682025,
Contact No. 8089434457, 8089434467
E mail ID:- [email protected]

Housing Loan is a good investment plan under Income Tax Act ( Income Tax Benefit for the whole repayment)
I.e, Income Tax deduction will allowed for Loan Interest as well as Principle amount....

If you need Housing loan please contact to us... we will arrange the same at a minimum time and competitive rate...

You need any clarification and support,please contact to us
our contact no. 8089464457, 8089434467
E mail ID:- [email protected]

Thanks and Regards
NRI Consultation
Aroor and Palarivattam

Our Scope of Works are also available in Quicker and OLX..

Thank you

Personal Tax Exemption Limit Raised by Rs. 50,000/- ; No Change in the Rate of Surcharge; 15% Investment Allowance to Manufacturing Companies, to Incentivize Small Entrepreneurs and Income from Foreign Portfolio Investors to be Treated as Capital Gains:-

The General Budget 2014-15 presented by the Union Finance Minister Shri Arun Jaitley has raised the personal income-tax exemption limit by Rs. 50,000/- that is, from Rs. 2 lakh to Rs. 2.5 lakh in the case of individual taxpayers, below the age of 60 years. Exemption limit raised from Rs. 2.5 lakh to Rs. 3 lakh in the case of senior citizens. However there is no change in the rate of surcharge either for the corporates or the individuals, HUFs, firms etc. The budget proposes to continue education cess at 3 percent.

Investment limit under section 80C of the Income-tax Act has also been raised from Rs. 1 lakh to Rs. 1.5 lakh and Deduction limit on account of interest on loan in respect of self occupied house property raised from Rs.1.5 lakh to Rs.2 lakh. To incentivize small entrepreneurs an Investment allowance at the rate of 15 percent to a manufacturing company that invests more than Rs. 25 crore in any year in new plant and machinery. The benefit to be available for three years i.e. for investments upto31.03.2017. Investment allowance to manufacturing company investing more than Rs.100 crore announced last year to continue in parallel till 31.03.2015.

To bring greater certainty and to encourage fund manager to shift to India, income arising to foreign portfolio investors from transaction in securities will be treated as capital gains. Concessional rate of 15 percent on foreign dividends without any sunset date will be continued.

To augment low cost long term foreign borrowings for Indian companies, the eligible date of borrowing in foreign currency has been extended from 31.03.2015 to 31.03.2017 for a concessional tax rate of 5 percent on interest payments. Tax incentive extended to all types of bonds instead of only infrastructure bonds.

The budget proposes introduction of a “Roll Back” provision in the Advanced Pricing Agreement (APA) scheme so that an APA entered into for future transactions is also applicable to international transactions undertaken in previous four years in specified circumstances.To remove tax arbitrage, rate of tax on long term capital gains has been increased from 10 percent to 20 percent on transfer of units of Mutual funds, other than equity oriented funds

Thanks and Regards
With.
Nikhil Raj
8089434457
8089434467

CONDITIONS NECESSARY FOR TAXING INCOME
FROM HOUSE PROPERTY
These are:
• The property should consist of any building or land
appurtenant thereto
• The assessee should be the owner of the property
• The property should not be used by the owner for the
purpose of any business or profession carried on by him,
the profits of which are chargeable to tax.
Unless all the aforesaid conditions are satisfied, the
property income cannot be charged to tax under the head
‘Income from House property’.

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Contact no: 8089434457, 8089434467
email ID: [email protected]
[email protected]