Shaifaly Girdharwal It is the time of year when most of people invest in various products to claim the deduction under Income Tax Act. Surprising that most of them choose either bank FD’s or PPF as their first priority for Tax saving although from so many years Equity Linked Savings Scheme (ELSS) has emerged as […]
With everyday grooming world and innovative environment, traditional way of working is changing now. There were a time when people were not familiar with computer and typical accountant were there to maintain the books, but with the passage of time we even cannot think to do the accounting without technology, whether its computer hardware or software available to us.
ICAI is always ready to extend its support to Central Vigilance Commission to have the uniformity and devise a rationale in the entire process of tendering of services.
Life Insurance Plans are very popular as a tool to get deduction u/s 80C of the I T Act. The investment in life insurance can be deducted up to Rs 1,50,000. (Rs. 1 Lakh upto A.Y. 2014-15). It a common perception that Premium Paid all Life Insurance Policies qualifies for deduction under section 80C of the Income Tax Act,1961 and full premium amount qualifies for deduction under section 80C .
28th GST Council meeting to be covened through Video Conferencing on 19th July 2018 (Thursday). Some of the important issues include GSTN to be converted to fully Government Entity , Annual GSTR 9 return, AAR Centralisation, Simplification of GST Returns Filing, The Inclusion of Fuels Under GST and Minimum Number of GST Slab Rate.
How Falling Interest Rates are Eating Away the Investor’s Money & It’s solution provided by Reliance Nivesh Lakshya – promising returns over long term. The last few months have been quite tough for the conservative investors after going through the headlines of falling interest rates. Now is the right time for exploring the scenario of […]
Created by Brendan Eich, the American technologist who created JavaScript and co-founded the Mozilla project and foundation, Basic Attention Token (or BAT) is an Ethereum-based blockchain technology that has the potential to improve the effectiveness of digital advertising. This cryptocurrency token is designed to be exchanged freely between 3 entities namely the digital advertiser, the […]
When the applications are filed to restore the same, the Courts are expected to look into the matter not only in the technical angle but also it needs blending of humanity looking to the nature of the case for which the restoration is sought. Otherwise the Court would start emitting danger signals.
As per Section 80C of Income tax act, an individual can make use of this provision to the extent of INR 150,000 in a particular year. In other words, an individual can claim exemption from income to the extent of Rs. 150,000 or actual investment made, whichever is less.
Sec 80C of Income Tax Act, 1961 allows deductions on National Saving Certificate Investment Maximum Limit allowed is Rs 150000/- per Financial Year
