House becomes long-term asset after two years

As the flat had been inherited by you from your father, the period of holding will start from the date of acquisition by your father.As the aggregate period of holding is more than 24 months, the said flat will qualify as a long-term capital asset Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies Powered by WPeMatico

Read More

Verify pre-filled data carefully before filing tax

Pre-filled information is only available for those filing their tax on ITR-1 or ITR-4 completely online using the income tax department’s e-filing website.The form will not have pre-filled information if you are downloading it in Excel or Java format, filling and uploading it Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies Powered by WPeMatico

Read More
1 2 3 4