Income Tax : Indian income tax laws provide for certain tax benefits in respect of life insurance premium paid on life insurance policies as we...
Income Tax : Profit on sale of your gold is taxable as Capital Gains unless you are a dealer in gold and jewellery in which case it becomes tax...
Finance : Festive season generally coincides with developers and banks offering many beneficial schemes for home buyer. So if you are anyway...
Income Tax : The income tax laws provide various benefits in respect of house property be it for home loan or for claiming exemption for capita...
Income Tax : Article discusses Provisions applicable in respect of Life insurance health insurance premium, Provision for deductions for home l...
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 […]
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 present tax benefit from Section 80 C and introduce separate deduction for the principal repayment of housing loan.
Interest of the investors has been shifting from direct equity investing to equity mutual funds over a few years. Though this is a welcome trend, there are certain mistakes which investors should avoid while making investments as well as while remaining invested in equity mutual funds. Let us discuss some of the major mistakes which […]
How many house you can own and what are the tax implications of owning more than one house? People frequently ask me as to how many house one can buy and own at a time in own name. The answer is as many as you want and can afford. So there are no restrictions under […]
Mutual Funds are like a department store where many products are on display and every one can get product suitable to his needs, risk appetite, investment horizon. From product for parking your overnight funds to investing for decades, mutual funds can cater to needs to all investors. As the products offered by mutual fund houses […]
The Supreme Court has on 1st April 2019 has rejected the Special leave petition filed by EFPO against the decision of Kerala High court on quantum of pension payable to an employee after his retirement under employee pension scheme (EPS) 1995. This decision has generated wide spread interest in people working in organised Sector as […]
The ITR forms for each year are notified after end of the financial year incorporating changes applicable from the relevant financial year. The Income tax department has notified new ITR forms on 1st April 2019. Since this is a personal finance page, the discussion is restricted to provisions of new ITR which are applicable to […]
Analysis of recent decision of Supreme Court on Employee Provident Fund Contribution Recent decision of the Supreme Court has tried to settle the long drawn litigation about the allowances which need to be considered for the purpose of contribution under the Employee Provident Fund Scheme. Let us discuss the law and the implications of the […]
