Save Capital gains tax on selling a shop I recently sold my shop and made capital gains of Rs 33 lakh. How can I save tax on these gains? You will need to pay tax on short-term capital gains at the applicable slab rate,unless you have any capital losses to adjust.If the shop was held […]
New releases on GST Portal Here are few updates and new functionalities, which were made available on GST Portal with effect from 6th November,2018. A) Assessment and Adjudication: (i) Provisional Assessment: 1. An application for Provisional Assessment in Form GST- ASMT-01 to the jurisdictional officer can be filed online, by those taxpayers on GST portal, who […]
of NPS contribution – Tax benefits This let us discuss income tax benefits available for contributions made by you to your NPS account. Though you can open Tier I and Tier II account under the NPS,The tax benefits are available only in respect of contributions made to your Tier I account and the discussion which […]
How to buy gold online? Indians love for gold is no secret. We buy the yellow metal for consumption and for investment. For investing in gold online , there are a few routes you can take – you can invest via gold exchange-traded funds (ETFs), gold mutual funds, physical gold like coins and bars, and […]
Cashback on shopping could be taxable! In festive season, Cash backs offered by e-shopping websites to attract customers. But this year, Mr. Sharma is a little hesitant in buying anything from these websites. Last year, he bought a smartphone, laptop, refrigerator, AC, and TV for his new house from one of the e-commerce websites. He […]