Balwant Jain

How the ULIP will become better with new regulations. The Insurance Regulator IRDA (Insurance Regulatory and Development Authority) has notified fresh rules for governing Linked Life insurance products on 8th July 2019. In this article I will discuss the major beneficial changes proposed in the new regulations for ULIP products, a  Linke...

What should be the strategy to invest your retirement funds The investment strategy at each stage in life has to have different consideration and must change according to peculiar circumstance. For example a person at the initial stage of his career can take risks with his money and invest substantial portion of his savings in […]...

Majority of the salaried taxpayers do file their ITR by themselves and thus are bound to commit some mistakes due to ignorance of law. In this article I will discuss some of the errors of omission committed by such taxpayers about some of the items of income, which are taxable, but are generally omitted to […]...

Since the deadline of 31st July 2019 for ITR filing is fast approaching, we should not commit the mistakes which we generally commit while filing the ITR form in hurry. Let us discuss the mistakes which people generally commit while filling up the ITR form. Basic contact details Since the income tax department nowadays sends […]...

The number of Individuals who file their ITR is very miniscule in the country.  Out of around 125 Crores of population the number of Individuals who filed their income tax returns for the financial year ended 31st March 2016 was only 4.67 crores i.e. less than 4% of the population. The government has been taking various […]...

Will the new Finance Minister cut tax rate for large companies from the current 30 per cent to 25 per cent in the budget 2019 The first full time woman Finance Minister (FM)  will present her maiden budget on 5th of July, 2019. All the people of the country look forward to the FM as a […]...

Common man’s expectations form the Finance Minister. The budget will be presented on 5th July by the first full time woman finance minister. As a writer on income tax matters, I wish to pen down expectation of common tax payers from her. Changes in the tax rates   The finance minister should retain the initial income […]...

Senior citizens do not have any active income and ability to earn post their retirement, they thus depend on the interest income and cannot  take any risk with their money. Senior Citizen Saving Scheme (SCSS) is one of the avenue which gives better returns than other products and is perfectly safe. Let us discuss. Who […]...

Based on my interaction with most of the salaried people, I have gathered an impression that many of the salaried people feel that as the tax has already been deducted by their employer from their salary, they are not required to file any ITR. Likewise most of the retired people, who mainly survive on interest […]...

Home is a basic need of any person in addition to bread and clothes. With rising prices of houses, it is almost impossible for an average person to buy a house without borrowing for it either through housing loans or through loans from friends and relatives. In this article, I wish to point out why the government should take out the p...