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...
PPF – One Of The Best Tax Saving Instrument
PPF is one of the most popular tax saving as well as investment instruments as it comes with EEE tax framework. Additionally, PPF comes with so many features that it is difficult to resist. This article will focus on everything related to PPF. What is PPF? PPF refers to Public Provident Fund. This is a unique investment instrument that comes with long term time horizon. It is best...
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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