A Hindu Undivided Family (HUF) offers specific advantages as far as taxation is concerned. The Income Tax Act and Wealth Tax Act recognise the HUF as an independent assessable or taxable entity. Hence, HUFs enjoy all deductions and exemptions under the IT Act independent of the income and tax liabilities of its members. The Hindu […]
Tag: income tax Rates for Assessment Year 2014-15
Income Tax Slabs & Rates for Assessment Year 2014-15
You’ve decided it’s finally time to take that big technological tax step. This year, you’re e-filing. So here is Income Tax Slabs & Rates for Assessment Year 2014-15 Individual resident aged below 60 years (i.e. born on or after 1st April 1954) or any NRI / HUF / AOP / BOI / AJP* Income-tax Income Slabs Tax […]
