India has a rich tradition of trade and commerce. Our traders continue to make a strong contribution to India’s economic growth. In a decision that will benefit the trading community, the Union Cabinet, chaired by Prime Minister Shri Narendra Modi has recently approved a new scheme called ‘Pradhan Mantri Laghu Vyapari Maan-dhan Yojana‘ that offers […]
Business & Politics
Latest NRI Gift Tax Rules 2019-20 | Gifts to NRIs can be Taxable now!
Gifts, who would not like to receive them? Gift is something we all like to receive from our beloved ones. But, a very common and frequent question running in the mind of taxpayers is the tax implications of gifts in India. What is considered as a Gift under Income Tax Act? A gift is Money or […]
Important & Comprehensive list of Budget 2019-20 Proposals related to Personal Finance | W.e.f AY 2020-21
We are all aware that Interim-budget was presented in Feb 2019 by the then Finance Minister Shri. Piyush Goyal. With a new government now in place, a full general budget has now been tabled in the Parliament by the current FM Smt. Nirmala Sitharaman. In both the Budgets, certain important proposals have been made which can have […]
Full Budget 2019-20 Key highlights | Important Tax Proposals
The Indian Finance Minister has tabled today, the Union (Full) Budget 2019-20 in the Parliament. Below are some of the key highlights that are related to Personal Finances; Full Budget 2019-20 Highlights Latest Income Tax Slab Rates FY 2019-20 Below are the latest Income Tax Slab Rates for FY 2019-20 or AY 2020-21. (FY is Financial Year and AY […]
Pradhan Mantri Shram Yogi Maan-Dhan (PMSYM) – Govt Pension Scheme – Details & Features
Pradhan Mantri Shram Yogi Maan-Dhan (PMSYM) is the new Pension scheme which was announced in the Union Govt’s Interim Budget 2019-20. PMSYM is aimed at Un-organized workers. The Govt has launched this latest Guaranteed Pension Scheme with effective from 15th Feb, 2019. It has been estimated that around 10 crore un-organized workers can be benefited […]
Income Tax Slab Rates for FY 2019-20 / AY 2020-21 | Interim-Budget 2019-20 Key Highlights
The Indian Finance Minister has tabled today, the Union General Budget 2019-20 in the Parliament. Below are the latest Income Tax Slab Rates for FY 2019-20 or AY 2020-21. (FY is Financial Year and AY is Assessment Year) Latest Income Tax Slab Rates FY 2019-20 The income tax slabs & rates are categorized as below; Individual resident aged below 60 years. Senior […]