To compute income under the head house property, you have to first check if all the basic conditions as specified in section 22 of the income tax act,1961 are satisfied. If its taxable under the head house property, then before calculating taxable income under this head, you can claim a tax deduction under section 24. As per section 24 of the income tax act,1961, income … [Read more...] about Tax deduction on Income from house property – Section 24
The difference between Absolute and relative returns in stock market
Before getting into investment, you should understand the difference between absolute return and relative return. In this article, we will be discussing the meaning of absolute return, relative return and the difference between these two. Absolute return Absolute return means the return that an asset achieved over a certain period of time. It’s expressed as a percentage … [Read more...] about The difference between Absolute and relative returns in stock market
Understanding Support and Resistance in Stock Markets: What they are and how to recognize them
Navigating the stock market can be tricky, especially with so many different strategies and technical terms. However, two key concepts—support and resistance—can help you make better trading decisions. The market moves in trends, which means prices generally follow a certain pattern over time. Technical analysts use various methods to spot these trends, and understanding … [Read more...] about Understanding Support and Resistance in Stock Markets: What they are and how to recognize them
Penny stocks – Things you must know before investing
Penny stocks are those common stocks that trade at a very low price in the market. They cost as much as a few pennies. In the market, shares that trade below the price of Rs 5 are considered to be penny stocks. But in some cases, it includes those shares that are priced below Rs 10. There is no specific official definition or hard and fast rule to determine penny stocks. Due … [Read more...] about Penny stocks – Things you must know before investing
Types of price chart in stock market – Line, Bar and Candlestick
In the market if you make a trade at the wrong price, you can incur heavy loss even though the stock has performed well. Technical analysis is all about buying the stock at the right price at the right time. Analysts use different methods to forecast future price movements of stocks by analysing past trading activity. It doesn't matter whether you are a short term trader … [Read more...] about Types of price chart in stock market – Line, Bar and Candlestick
GST return for input service distributor or ISD
As per section 2(61), Input service distributor means an office of the supplier of goods or services or both which receives tax invoices towards the receipt of input services and issues a prescribed document for the purposes of distributing the credit of CGST, SGST, IGST or UGST paid on the said invoices to a supplier of taxable goods or services or both having same permanent … [Read more...] about GST return for input service distributor or ISD
When and how to furnish GST return for inward supplies
As per section 38(1), every registered person other than the following shall verify, validate, modify or delete, if required the details relating to outward supplies and credit or debit notes communicated u/s 37(1) to prepare the details of inwards supplies and credit or debit notes. Input service distributor or ISDNonresident taxable personsA person paying tax under … [Read more...] about When and how to furnish GST return for inward supplies
Late fee levied for delay in furnishing GST return
A registered person who fails to furnish following GST return by the due date shall pay a late fee. Statement of outward supplies U/S 37Returns for inward supplies U/S 38 Monthly summary return in form GSTR-3B - U/S 39Details of the supplies made by composition dealers - U/S 39(2)Final return U/S 45 In above cases, late fee should be the least of followings; Rs 25 for … [Read more...] about Late fee levied for delay in furnishing GST return
GST annual return – When and who is required to furnish
GST annual return is a yearly compilation of outward supplies, inward supplies, tax liability and input tax credit availed for the whole financial year. It is basically a summary of all the periodic returns filed by eligible taxpayers with the tax administrative authorities. Except following persons, all other registered persons are required to furnish annual return U/S 44 of … [Read more...] about GST annual return – When and who is required to furnish
Goods and services tax practitioners – All you need to know
As a GST registered person, you can authorise an approved goods and services tax practitioners (GSTP) to furnish information, on your behalf to the government. These GST practitioners are provided separate login ID and password to enable them to work on behalf of their clients without asking for the client's GST user ID and passwords. If you want to change goods and services … [Read more...] about Goods and services tax practitioners – All you need to know