Most of the people who were happy and proud with their achievement of buying their own house in the recent past are now sleepless, thanks to the provision, called Section 194-IA of the Income Tax Act 1961.
Do you want to keep an Arm’s Length Distance from the Income Tax Department? Obviously the Answer is YES!!! But the question here is HOW??? Here are a list of expenses/ investments, which at any point of time performed by you may invite undue attention from the Income tax Personnel.
The latest buzz these days is investing in the Property Market/ Real Estate. Bhai Paisa hai to Property me laga, is very common to hear even from someone who knows nothing about the churn of events in the market nor about investments. But still every Tom, Dick & Harry will come and advise you about investment in real estate.
As we had discussed about the taxation rules on sale of immovable property, in the article on Capital Gain on Immovable Property we are here to understand the benefits that can be claimed under section 54, 54EC & 54F to save tax on long term capital gains
As the end of financial year draws near, many of my friends who were least bothered about tax saving investments throughout the year, have started hunting down options to park their surplus funds and consequently save up on taxes.
The numerous queries which I have been receiving as well as the various rumours floating in the market regarding GST, has instigated me to write a small note on it. I thought the best way to clarify the basics on GST would be by way of an article. We know that GST has kicked in […]
With the onset of GST, I have been receiving a lot of emails from small business houses complaining that the compliance in GST is too much for them to manage on their own, resulting in additional cost; either increase the manpower or the professional fees paid to consultants. So, what should they do in order […]
GST (Goods & Services Tax) is the talk of the town these days. No matter who you are, whether you are a businessman, salaried person or even a homemaker, GST is going to affect your life in some way or the other. So, let us understand how GST is going to change our lives.
One thing we must admit that 8thand 9thNovember 2016 were the days a Chartered Accountant or a Tax Consultant has received the maximum number of phone calls on a single day, probably beating even his own birthday!
In India the most trusted Tax Saving Option since ages is Life Insurance. People have actually invested money in Life Insurance Policies with blind folded eyes, which they actually realize later on may be at the time of Maturity that they could have planned their sources in a better manner. You may call it lack of education or lack of sources for investment or even wrong selling from some agents as some of the factors for these wrong investments.
