A Relief for Taxpayers Earning Under Rs. 5 lakh
Tax season brings with it a set of concerns regarding the rules and regulations which need to be followed, but these need not be confusing for you! We’re here to help you understand every aspect of the Income Tax Filing process to make it a smooth transition. What’s more, with the kind of changes introduced by the government for AY 2019-20, filing taxes has become easier than ever! For...
A Look At The New Changes In GST For Homeowners
The Government of India has been introducing (GST) all kinds of new regulations for Income Tax Returns (AY 2019-20), which needs to be filed by 31st July this year. The good news is that most of these reforms have made the filing process more fluid. For instance, if you are the owner of house property which is under construction, good news awaits you! In a move that brought a...
When Is The Right Time To Start Tax Planning
Waiting for the year-end to start planning your taxes? You might be wrong. Tax planning should be done as early as possible.When it comes to tax planning most of you delay your online tax preparation process either to the last financial quarter of January-February-March or to the last financial month of March. Why begin tax planning early in the financial year when you have to file your...
10 things every salaried Taxpayer should know
Tax filing is important if you are an earning individual and are earning more than Rs.2.5 lakhs in a financial year. With the Government’s increased measures on curbing tax evasion, it has become necessary to file your taxes correctly. If you are a salaried employee, it becomes all the more important to be careful with your tax filing. In fact, the Income Tax Department has issued a warning...
Know the Impact of Budget 2018 on your Taxes
With every Union Budget, the average tax-payer looks at different amendments in the income tax slab rates or other exemptions and deductions. This year’s budget was no different. Though there was no change in the income tax slab rate (which happened in the last budget), there were various proposals which impact your taxes. Do you know about the revised tax impact of the Union Budget 2018?...
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...
Effects Of GST On Your Current Mutual Funds Investment
Goods and Services Tax or GST which has already been nomenclature as India’s biggest tax is going to be a reality from 1st July 2017. In such winds of change, mutual fund investors are extremely worried about the impact of this new tax regime on their investments. In today’s article, we will focus on areas in which GST will have an impact on the Mutual fund investments of investors....
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...