We receive income through different ways, it can be your Salary, Dividend income from mutual funds or stocks, commission, rent, interest on your Bank Fixed Deposits / Securities etc.,The providers of these incomes (like your company / bank) can deduct a certain Continue Reading.....
What is GSTIN (Goods and Services Tax Identification Number)? | How to identify GSTIN in your Bills/Receipts?
Goods & Services Tax (or) simply GST, has come into effect from 1st July, 2017. It replaces different types of indirect taxes (like VAT, Service Tax, entertainment tax, excise duty etc.,) and henceforth, only GST will be levied on all types of Goods (Products) and Continue Reading.....
What is Double Taxation Avoidance Agreement (DTAA)? | Is Income earned outside India Taxable?
It is undoubtedly true that the World has become a Global village! Business is becoming increasingly international and multinational companies do business across the world.Many of us do get opportunities to work in different countries. It has also been increasingly Continue Reading.....
When to submit Form 15G / Form 15H? | Details & Clarifications
We receive income through different ways, it can be your Salary, Dividend income from mutual funds or stocks, commission, rent, interest on your Bank Fixed Deposits / Securities etc.,The providers of these incomes (like your company / bank) can deduct a certain Continue Reading.....
Sale of Inherited (or) Gifted Property & Tax implications on Capital Gains
Capital asset typically refers to anything that you own for personal or investment purposes. It includes all kinds of property; movable or immovable, tangible or intangible, fixed or circulating.Examples include a house, land, household furnishings, stocks, bonds Continue Reading.....
How to link Aadhaar Number with PAN in three simple steps?
With effective from 1st July, 2017 it is mandatory to link Aadhaar number with PAN. As per the Finance Bill 2017, all PAN applications will require the Aadhar card number to be mentioned and all PAN card-holders must ensure that their PAN cards are linked to Aadhaar Continue Reading.....
Income Tax Return of Deceased person | How to file ITR for the deceased as a Legal Heir?
In this world nothing can be said to be certain, except death and taxes. Even after death of a person, taxes (if any) are certain. The income earned by a person who has expired can still be subject to taxes.So, who is liable to file income tax return of a deceased Continue Reading.....
New ITR Forms AY 2017-18 (FY 2016-17) : Which ITR Form should you file?
Central Board of Direct Taxes has notified the new ITR Forms AY 2017-18 (for FY 2016-17). In order to make Income Tax Return filing easy, quite a few changes in ITR Forms have been implemented.The new ITR forms in PDF format have been made available, while the excel Continue Reading.....
Income Tax Exemptions FY 2017-18 : List of important IT Deductions for AY 2018-19
Budget 2017-18 & the Finance Bill 2017 have been tabled in Parliament. The income tax rate for those earning between Rs 2.5 lakh and Rs 5 lakh has been halved to 5%. Except this change, all other Income Tax Slab rates have been kept unchanged by the Finance Minister Continue Reading.....
Budget 2017 : 15 Key Direct Tax proposals that You need to be aware of!
Indian Finance Minister, Shri Arun Jaitley has tabled the Union General Budget 2017-18 in the Parliament on 1st Feb, 2017. This year, both, the General Budget and the Railway Budget have been combined and presented as a single budget.I have tried to list down some Continue Reading.....
