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According to income tax act if someone is paying amount more than 10000 in cash for purachse done it won't be consider as expenditure in profit and loss account. But according...

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My grandmother transferred a plot to me in 2011 through a will and in that will she doesn't mentioned that newly built house that she built in 2010 ... she expired in 2015 .....

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Iam going to buy a plot .. i finalised the deal of plot at circle rate i.e govt rate and the registry is also going to be on that rate and the payment is through cheque...as the...

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I take a laon of 20 lakh by cheque from mumy friend... he is not demanding me any interest from me .. is it compulsory to give interest to him as per IT department..? If yes...

I have a query regarding home loan interest deduction claim. I was supposed to get my new home by March 2019. Assuming that, I had projected deduction for home loan interest....

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I have read whole of the incometax act and iam confused about various things.. Tell me when the penalty is imposed by department...? Impsoing penalty necessary means to...