Tax Archive
GST is a single tax right from the manufacturer or service provider to the consumer. In this system, taxes paid at each stage will be credited in the subsequent stage of value addition. Thus, Goods and Services Tax charged by the …
The Goods and Service Tax (GST) regime to roll out from July 01, 2017. The government has kept a large number of items under 18% tax slab. Indian Government has come up with various categories for 1211 items under various …
Here is a detail on GST – Chapter Wise Rate. There are no major surprises, with essential commodities such as food grains like rice, dal, wheat, etc. exempted; and, essential daily-use commodities like sugar, tea, coffee excluding instant coffee and …
While calculating our income for the year, most of us often neglect to consider the income we earn from FDs. Due to this negligence, we could invite a notice from the Income Tax department. And, to avoid any such notices …
The saying “Your Wife is your Better Half” is correct in all respect. She is not only your Home Maker, but could be your Tax Saver as well. Your better half, not only manages your house and family, but, could also …
Equity Funds are one of the best investment options for high return in Long Term. Whereas, you could park your money for Short Term in Debt Funds. Before we proceed with the topic i.e. “How Mutual Funds are Taxed in …
On April 05, 2017; the Lok Sabha passed a controversial bill that made AADHAR mandatory for filing income tax returns; or applying for a PAN card. According to the amendments in the finance bill, you will not be able to file your …
With Tax Saving Fixed Deposit, you can claim the amount invested up to Rs. 1.50 Lakhs as a deduction from your income. So, to calculate your taxable income, you reduce the amount of your Tax Saving FDs from your total …
Have you ever considered the interest amount from FDs and RDs as your income? Most of us do not. And, this is an error, which could result into a notice from Income Tax Department. So, to avoid a trouble from …
Finance Minister, Mr. Arun Jaitley showcased Modi Government’s Budget for the coming fiscal. Highlights of Income Tax Slab for FY 2017-18: Apart from schemes for farmers, senior citizens and women, Jaitley also offered tax relief to the salaried class. The provision …
