A beginner’s guide to investing and different types of investments
Investing means you are laying out money today with the expectation to get a lot more money back in the future. This helps you to set aside money while working and use that money to meet your financial goals or enjoy your retirement life. In simpler words, this essentially means you are laying out money … Read More » "A beginner’s guide to investing and different types of investments"
Income Tax
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House rent allowance granted by an employer to his employee is tax exempted to the extent provided u...
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House rent allowance is a grant provided by the employer to the employee to meet the cost of living ...
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Most people missed the deadlines of filing income tax returns every year due to their busy schedules...
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If you are taxable in India, then your income tax return must be filed on or before the due date of ...
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In India, different income tax slabs rates are prescribed for individuals based on age and income ge...
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After calculating tax liability based on the applicable slab rates, you are required to deduct tax r...
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Companies in India are required to file tax return by September 30th of the year following the close...
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Employees are required to provide a declaration at the beginning of the financial year or at the tim...
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As per Section 192 of Income Tax Act, any person responsible for paying any income chargeable under ...
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Home buyer can get additional tax deduction up to Rs 50000 on interest on loan taken for residential...
GST
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GST law clearly says when supplies of goods and/or services shall be treated as in the course of int...
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Small suppliers whose aggregate turnover from supplying goods for a year is less than Rs 40 lakhs ar...
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Section 8 of IGST Act, 2017 says when supply of goods and/or services will be treated as intra-state...
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The purpose of audit under GST law is to assess the compliance with the provisions of GST and to ver...
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The main reason of bringing GST law into India is to reduce the cascading tax effect. As per the pre...
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Every tax payer under GST law is required to self-assess the tax payable by him or for the business ...
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Tax Invoice is a crucial document given by the supplier of goods or services to the recipient with d...