National Pension Scheme (NPS) India is a voluntary and long-term investment plan for retirement under the purview of the Pension Fund Regulatory and Development Authority (PFRDA) and Central Government. Q 1. Who can join NPS? Ans: a) Any individual citizen of India (both resident and Non-resident) in the age group of 18-65 years (as on the […]
Meaning and Definitions: ♦ Customs frontiers of India means the limits of a customs area as defined in section 2 of the Customs Act, 1962 [Section 2(4)]. ♦ Customs area means the area of a customs station or a warehouse and includes any area in which imported goods or export goods are ordinarily kept before […]
Co operative Credit society providing banking or credit facility to its members is taxable under section 80P or not? Meaning and Definitions: 1) Meaning of Co operative Society: Section 2(19) of IT Act, 1961: ‘Cooperative Society’ means a co-operative society registered under the Co-operative Societies Act, 1912 (2 of 1912), or under any other law […]
TAX SAVINGS INVESTMENTS AND WEALTH MANAGEMENT Why to save taxes..?? -Do you feel that you are paying too much tax? -Have you ever thought of saving tax? -Planning your taxes properly can help you save a lot of money. -Income Tax laws appear so complex that people are scared to deal with their taxes. Why won’t […]
