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The sale proceeds of a house attract capital gains tax, which is the tax that you need to pay on the gains

Depending on the value of your trades, you may also be required to have a tax audit on your financial dealings

Under Section 24 of the Income Tax Act, 1961, tax deduction benefits will be available only on the interest paid

It is compulsory to fill Form 16 to claim tax deducted on the salary paid by your previous employer

According to the provisions under the Income Tax Act, one can claim deduction of the actual expenditure

The tax benefit can be claimed from the financial year when the house is fully constructed

You can redeem the units before the completion of the three year lock-in by losing on the tax benefits

Make the tax planning exercise a year-long affair if you want to make the most of it

According to the tax laws, a gift received from close relatives is not taxable in the hands of the recipient

Data can be deceptive- widening of tax collections & rise in taxpayers does not tell you if filers are rich or poor

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