Investment options for post retirement needs

Investment options for post retirement needs There are Investment options for post retirement needs solely meant to take care of one’s post-retirement needs. Each of these products has their own unique features that you should be aware of. They come with certain tax benefits that come along either at the investing age or/and on maturity. […]

Incorporation of company under Section 8 of Companies Act 2013

Incorporation of company under Section 8 of Companies Act 2013 Company formed company under Section 8 is a Companies Act 2013 which is incorporated for the promotion of commerce, art, science, sports, education, research, social welfare, religion, charity, protection of environment and appliy its profit or any other income for on its object not for […]

Single master form – Foreign investment in India

Single master form – Foreign investment in India Foreign Investment in India – Reporting in Single Master Form (SMF) As announced on dated April 5, 2018 The First Bi – Monthly monetary policy review of Reserve Bank, with the objective of integrating the extant reporting structures of various types of foreign investment in India, will […]

Benefits available to senior citizens under income tax

Benefits available to senior citizens under income tax The Indian income tax laws provide certain tax Benefits available to senior citizens. Let us discuss those benefits. 1. Higher Basic Exemption Limits for senior citizens under income tax 2. Higher Deduction limit under Section 80D for senior citizens under income tax 3. Higher Deduction Limit for […]

Benami Transaction and Sham Transactions

Benami Transaction and Sham Transactions Prohibition of Benami Property Transactions Act, 1988, an act promulgated to prevent and prohibit “Benami” transactions in India on 5th September, 1988. The Act, 1988 has only 9 Sections and not so effective, while preventing and prohibiting “Benami” Transactions. The Act, 1988 previously called The Benami Transactions (Prohibition) Act, 1988.