Goods and Services Tax : Let us understand the words VAT assessment on individual basis. When I say assessment it means to check something of it's correctn...
Finance : Credit insurance protects both the insurer and the lender in the event of death, disability, unemployment. It pays the amount of d...
Income Tax : When you file your return every year with the income tax department, it is kept as a record with them. This shows that you have a ...
Finance : 1. Is it the right time to invest? Right time varies for each investor. There are two categories of investor mainly: A. Who are i...
Let us understand the words VAT assessment on individual basis. When I say assessment it means to check something of it’s correctness or verification by other person. Similarly VAT as stands for value added tax can be understood as tax on value addition. So can we say that VAT assessment is nothing but verification of tax paid on the value addition.
Credit insurance protects both the insurer and the lender in the event of death, disability, unemployment. It pays the amount of debt due directly to the lender in the event of occurance of the stated circumstances. It is mainly sold in connection with specific loan. Cost of insurance (if any) is generally built into the loan amount.
When you file your return every year with the income tax department, it is kept as a record with them. This shows that you have a source of income and you are financially stable. Mind you it’s not just a record. You can also take it as a supporting document when you wish to avail a loan.
1. Is it the right time to invest? Right time varies for each investor. There are two categories of investor mainly: A. Who are in need for fund and start investing to earn high return (Risk averse). B. Who have surplus fund and start investing the surplus fund lying with them (Risk taker).
