My Tax Hub is a team of expert tax professionals comprising of chartered accountants, company secretaries, cost accountants and management experts having experience in the field of finance, taxation, management, project reports and all statutory compliances for business ranging from a company to sole proprietor. We aim to provide one stop solution for all business related matters. Digitalization, virtual consultation, timely deliverable, efficiency and cost effectiveness is our key goal and we aim to make tax matters easy for every person.
Digital Signature JUST IN 60 MINUTES @ 1299/- Only For 2 Years ValidityRead More
My Tax Hub provides easy, transparent and best IT return filing services with various tax planning options.Read More
Our GST experts can assist you in mapping all of your transactions and obtaining your GST Number in less than a week.Read More
MSME registration is required to avail various incentives/ subsidies provided by government under MSMED Act.Read More
Avail the exemption/deductions and investment options under the Income tax act to reduce payment of taxes.Read More
We at My Tax Hub will assist you with paying your taxes, preparing your TDS return and filing it with the government.Read More
We assist in forming a Partnership Firm by executing the Partnership Deed, getting the PAN/TAN registrations..Read More
n IEC is a key business identification number that is mandatory for export from India or Import to India.Read More
A virtual CFO is an outsourced service provider offering high skill assistance in the financial requirements..Read More
Loan Syndication is the process of mobilising funds to various organisations depending on the type of finance..Read More
Transfer pricing is an accounting practice that establishes the prices for the good and servicesRead More
Annual Validation of ECHS Membership of dependents by submission of life certicate and eligibility Documentes by primary beneficiaries.Read More
We are a team of highly experienced professionals in the fields of Finance, Taxation and Funding management since 1999. We provide a useful and insightful platform for our clients by providing information on current tax laws and amendments made in the finance bill. We aim to lower the costs and save time for businesses and people. Our Tax Team is proud to have served more than 10,000 plus happy clients with a mission to provide a robust solution for our customers “to make tax easy”.
We not only take care of our client's taxation needs but are committed to educating the public about taxes and to end their fear associated with it. We ardently believe in professional ethics and simultaneously in preserving the trust and confidential matters of our patron.Read More
The best quality services are assured at a very reasonable price. We wish to maintain our competitive presence by keeping client's cost burden at the minimum.
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K Satish Kumar
As per section 60, the transferor shall be taxed for any income arising from an asset where only such income is transferred without transfer of the said asset.
Income of a minor child is clubbed with the income of his/her parent whose income is higher. If such income is earned on account of manual work or any activity involving application of his/her skill, knowledge, talent, experience, etc. the same will not be clubbed. However, any additional income from such income will be clubbed with the income of the parent.
Leave encashment received at the time of retirement is fully exempt in the hands of a government employee. In case of a non-government employee such income shall be exempt subject to a prescribed limit. However, If such income is earned while in service it shall be taxed irrespective of whether he is a government or a non-government employee.
Loss from house property can be considered against salary income only to the extent of Rs.2, 00,000.
Scrutiny assessment is to confirm that the taxpayer has not understated the income or has not computed excessive loss or has not underpaid the tax in any manner. To confirm the same, the Assessing Officer carries out a detailed scrutiny of the return of income and will satisfy himself regarding various claims, deductions, etc., made by the taxpayer in the return of income.
If you are not satisfied with the order passed by your Assessing Officer then you can file an appeal to the higher authority. The first appellate authority is the Commissioner (Appeals). Subsequently, the matter can be taken to the Income-tax Appellate Tribunal, then to the High Court and the Supreme Court. Alternatively, instead of going for the appeal mechanism, you can make an application of revision to the Commissioner of Income-tax.
The cost of acquisition of a capital asset is adjusted against inflationary rise in the value of asset thus such benefit is available only for computing long term capital gain.
Stamp duty value is the value adopted by any authority of the state government for the purpose payment of stamp duty. From AY 2019-20 if such stamp duty value does not exceed 105% of the sale consideration such consideration shall be the value of actual sale. In case the stamp duty value exceeds 105% then the same will be considered as full value of sale for the purpose of computing capital gain arising there on.
If the prescribed movable property is received without consideration and the FMV of such property exceeds Rs.50, 000 then the same will be taxable.
If Interest is earned on deposits with bank/ post office/ co -operative societies an amount of Rs.50, 000 can be claimed as deduction and no tax shall be deducted at source against such interest income up to Rs.50, 000.