Start Investment smartly in the New Financial Year naturally a question can comes in your mind that , “Why Investment smartly in new Financial year?” Well, rather than doing only tax planning in the last moment, its better to plan your investments from the beginning, so that it also takes care of your tax planning. […]
Should you disclose a deposit of less than Rs 2 lakh during demonetisation in your ITR ? In part E of the tax return form that seeks other information from assesses including bank details, another column has been added seeking details of cash deposited between November 9 and December 30, 2016 i.e. during demonetisation if […]
Misconception about Mutual Fund There are few myths and misconceptions associated with investing in mutual fund schemes. Some of these notions have faded over time, as investor awareness has increased but some continue to hold strong. It is imperative to dispel these myths as investments should not be made under wrong impressions. It can throw […]
Presumptive income scheme for professionals The Finance Act 2016 has introduced a new presumptive income scheme for professionals by inserting a new section 44ADA into the Income Tax Act, 1961. The new section has come into force with effect from 01.04.2017 i.e. from AY 2017-18. So, from AY 2017-18 professionals will have an option to […]
Now restaurants cannot add service charges to your bill The government has just made eating out cheaper by bringing your restaurant bill down.Now restaurants cannot add service charges to your bill along with taxes.