LTCG Tax on Equity Investments from 1st April, 2018.
According to the provisions of the latest Union Budget, 2018, a long term capital gains tax would be imposed on long term capital gains incurred from selling equity shares or equity-related investments. This provision has got investors worried about their equity investments. They are in doubt whether to hold onto their investments or to sell them off before 31st March 2018 and book their...
The New GST Amendments as per the 23rd Council Meet
All eyes were in Guwahati as the GST Council convened its 23rd meet in the city on 9th and 10th November 2017. As expected, a lot of positive changes had been brought about in the existing GST rules, much to the delight of consumers and businessmen alike. Rate cuts have been made in various goods and services and even businessmen have been given relief in filing their...
How Health Insurance Becomes Tax Saving Tool?
There is no denying the fact that the need for health insurance within the insurance portfolio is an absolute must. The truth is that there have been rising concerns among people with regards to increasing health care costs and growing medical conditions. It has become mandatory for every individual to buy medical insurance. It is a comprehensive and well selected medical insurance that can...
Top 3 Noteworthy Tips to Help You Stay Away From Income Tax Notice
Had you ever faced any of the unwanted experience for not filing your Income Tax Returns? Here unwanted experience means receiving Income Tax Notices or an Income Tax raid at your house. Do you know why this happens? It’s because you lose the transparency between your income and tax paid while making yourself the victim of the IT department. This makes things more difficult when you...
All You Need To Know About DTAA (Double Tax Avoidance Agreement)
A DTAA is a tax settlement signed between two or more countries. Its chief objective is that the tax payers in these countries could avoid being taxed twice on the same earnings. A DTAA is applicable in situations where a tax payer lives in one country and earns the salary in another. DTAAs can either be extensive to obscure all sources of income or be bounded to specific areas such as taxing...
Know All About Deduction Under Section 80C
If you are an employee or a taxpayer professional or businessman you may have heard already about deduction under Section 80C under the Income Tax Act. But still, by investing where you can be eligible for this tax deduction, up to what extent of investment it is applicable, who can invest in what type of tax saving instruments and the varying time period of these investments, people should...
8 Incomes That Are Considered as Tax Free
Tax free Income!!! Surprised??? Well, don’t be!!!! The Income Tax act also allows some incomes to be exempted, which will reduce your tax burden to a certain extent. This article will elaborate more on such tax free income, so that to aid your tax planning. 1. Agricultural Income Being primarily an agricultural economy, India still survives on agriculture. Income Tax Act, hence has...
Income Tax Notices – Actions to be Taken
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