Posted On:  10 months ago


Receive digital payment for business and pay Zero Tax for sales up to 1 Crore - Section 44AD

The government on 19th December 2016 issued a press release for encouraging and Promoting Digital Payments & Creation of Less-Cash Economy. One of the measure was to reduced rate in presumptive taxation for transaction in digital mode. The rate of presumptive income of 8% will be reduce to 6% if receipts are done in digital form like wallets, NEFT, RTGS, etc

article author CA Chirag Chauhan

Posted On:  1 year ago


Tax Planning For Salaried Employees

For most of the people, tax planning involves taking benefit of Section 80 C of Rs. 1,50,000/-. True this is one of the most important tax saving tool, there are other avenues available for the employees. I would like to categorize the tax planning tools into three parts

article author CA. Dhruv Gaglani

Posted On:  1 year ago


Do not wait till 31st July to file your Income Tax Return – Keep Ready 9 documents to file before due date

Many individual wait till last date for filing return and approach their Consultant / Chartered Accountant in last week of July thinking one week is sufficient to compute and file return for myself. However many times it is not practical to get all the documents / Bank statement / Share transaction statement and other important documents to collate and provide at last moment. There are many interaction and clarification and details required in ITR forms which has to be compulsory filled up. In case of incorrect information or giving partial information chances are there that the ITR filed will be rejected as defective return. Also in last minute filing department site works slow so there are chances of you missing the upload the income tax return

article author CA Chirag Chauhan

Posted On:  2 years ago


Why you should file your Income Tax Returns? Benefits of Filing Income Tax Returns

Most of the individuals who are non-filer of Income Tax Return are scared of filing of return thinking income tax department will track them and later send notices which will create trouble for them. Let me tell you, this is the myth. Income tax department never harass genuine tax payers. Other reason for non-filing are, “my employer has deducted tax at source on the salary income received by me hence I don't need to file my income tax returns. The Lazy one says “The deadline for filing tax returns is far away, why bother now.” If everyone follows the law and file return on time it has many benefits which are highlighted as follows

article author CA Chirag Chauhan

Posted On:  2 years ago


Section 80E – Deduction for Interest on education Loan

Have you taken an education loan to support higher studies of yourself or of your spouse, Children or for the student of whom you are legal guardian and you are not aware of the tax benefits that you are entitled to. Then here is a guide that will assist you to know tax benefits on education loans. These benefits help you to reduce the overall cost of your education loan.

article author Sumit Gupta

Posted On:  2 years ago


Education loan scheme

Delhi government start a scheme to provide education loan to needy students. In my personal opinion, it is a welcome step by Delhi Government. Following are small details about EDUCATION LOAN SCHEME:- Under the education loan scheme, the loan for pursuing professional and technical courses is being provided. The loan upto Rs.7.50 lakhs, if studying in India and upto Rs.15 lakhs if studying abroad can be sanctioned. The student/applicant

article author Sukhwinder Singh

Posted On:  2 years ago


FINANCIAL KNOWLEDGE TO TEENAGERS

FINANCIAL KNOWLEDGE TO TEENAGERS

article author Sanjay Pithadia

Posted On:  2 years ago


Set off of losses from capital gains

How to determine the residential status of an Individual?

article author Abhishek Ranjan Singh

Posted On:  2 years ago


Eight tax saving secrets you should know

Eight tax saving secrets which every tax payer should know.

article author Abhishek Ranjan Singh