Mutual funds have multiple tax advantages over bank fixed deposits A lot readers don’t really understand how mutual funds attract less taxation, so here’s a detailed explanation of the entire mechanism. In three years, falling interest rates have knocked off around 40% from the annual income that a FD would yield. That’s a shocking decline. […]
Access I-T return filing account without updating contact profile details The income tax department has relaxed to updating contact profile details the ‘compulsory/forcible’ updation of tax payer details on its return filing website. When this new requirement was introduced on September 22, a tax payer was unable to log in to their e-filing account without […]
Term Insurance from an Agent or through Online Term Insurance are one of the best types of insurance, owing to the low premium cost and high-value cover. Such plans offer financial security to your loved ones in the case of your sudden demise.
Challenges for Small Business in GST Now taxpayer started to clear gist of GST. The primary pre- requisite for smooth implementation of GST is the understanding provisions of law so that to do the business smoothly which is still at nascent stage specifically for small taxpayer. Small Business in GST are yet to prepare for […]
Low inflation means you pay more capital gains tax Prices rising at a slower rate should be good news. But not if you have earned long-term capital gains tax. The consistent decline in inflation in the past 3-4 years means that long-term capital gains hardly can be escape tax through indexation.
Does the senior citizens savings scheme qualify for section 80C benefits? I am a retired government employee. In June 2017, I deposited Rs 15 lakh in the post office senior citizens saving scheme. Does it qualify under section 80C tax benefits? If so, do I need to save Rs 1.5 lakh as equity-linked savings scheme […]
Google payment app Tez will make payments as simple as cash Internet giant Google is forayed into the payment space in the country with the launch of a Google payment app Tez payment solution, called ‘Tez’ (fast). In the morning, Google released the app on the Android as well as the Apple App store. The […]