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Banking FAQs & HowTo Guide
When a Refund Can Be Withheld by IRS ? – Many of the taxpayers don’t receive the refund If you owe money on a education loan or child support, or for past federal taxes. If any of the such situation prevails the refund may be withheld by IRS or Department of Treasury’s Bureau of the Fiscal […]
How o Calculate Stamp Duty Value in Capital Gain Tax ? – Stamp duty value is the value asses sable by any authority of a State Government for the purpose of payment of stamp duty. Income Tax section 50C defines that computation of capital gain arises due to transfer of land or building or both, if […]
How To Get Income Tax Rebate on Capital Gains ? – Number of times common Income Tax query regarding Capital Gain Tax ” whether any bonds available to claim capital gains tax relief? “ As per the notification released by Income Tax section 54EC One Can claim Income tax relief by investing the long-term capital […]
Does Rental Income Chargeable under Income Tax ? – As per the Income Tax Law the Rental income is charged to the owner under the head “Income from house property”. Read Also : Can I Pay Rent To Parents or Spouse For HRA Benefits? Tenets are free from the charges to the Income Tax from Income from […]
DSCR Calculator – Calculate the DSCR i.e. Debt Service Coverage ratio of any loan financed by mortgagor or lending institute like Banks, Housing loan companies etc. Read: How To Calculate and Analyse DSCR ? The Debt Service Coverage Ratio (DSCR) consider all the debt including expenses i.e. interest expense, fund obligation etc. Formula Used to Calculate […]
How To Calculate Debt Service Coverage Ratio (DSCR) ? – Debt service coverage ratio (DSCR) a very important rile for assessment in giving loan to any firm, individual etc which is calculated to measure potential borrower’s debt.This is sometime also known as Debt service ratio (DSR). It is most reliable tool used by almost all the […]
What are the Tax Exemption on Education Loan ? – If you are having an existing education loan or planning to get a new education loan for your studies, then it is necessary to know the benefit of getting an education loan. The education loan principal as well as the interest are exempted under Income tax with […]
How Can NRI Invest in NPS ? – Recently RBI opens gate of National Pension System (NPS) for NRI’s. NPS is the now an investment option for non-resident Indians as well. As per the Pension Fund Regulatory and Development Authority (PFRDA) guidelines NPS is a contributing pension plan up to age of 60 years with minimum contribution […]
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