Eligibility for a CA loan? CA loans are the loans that are issued to CAs for professional and personal requirements. These loans are offered to Chartered Accountants on the basis of their existing practice. They need to give a CoP (certificate of Practice) of at least four years before the date of loan application. CA […]
In Part 1 of the Article author discussed Generation of e way bill & its salient features and in this Part Author discusses Contents of E- Way Bill. In Part 3 Author will discuss E-Way Bill generation by Transporters and in Last Part Author will discuss all Other relevant provisions related to E-Way Bill. Also […]
Running a Beauty parlour/salon is one of the hottest trends in business today, as many women especially millennials are launching their own beauty parlour and salon. But starting a beauty parlour is not so easy at it looks. Because it requires certain legal and regulatory registrations that many don’t follow and run into troubles. 1. […]
Government has notified new National Savings Time Deposit Scheme, 2019 w.e.f. 12th December, 2019 vide notification No. G.S.R. 922(E). Article explains Categories of accounts under National Savings Time Deposit Scheme, 2019, Type of Accounts, Deposit and repayment under National Savings Time Deposit Scheme, 2019, Extension of Account, Rate of Interest, Premature closure of account under […]
Sukanya Samriddhi Yojana is a small deposit scheme of the Government of India meant exclusively for a girl child and is launched as a part of Beti Bachao Beti Padhao Campaign. The scheme is meant to meet the education and marriage expenses of a girl child. It is currently fetching higher interest rate and provides income-tax rebate.
Government has notified new Post Office Savings Account Scheme, 2019 w.e.f. 12th December, 2019 vide notification No. G.S.R. 921(E). Article explains Type of Account under Post Office Savings Account Scheme, 2019, Deposits and withdrawals under Post Office Savings Account Scheme, 2019, Interest on deposits in an account Confirmation of balance, Issue of cheque book, Silent […]
The Income Tax Act 1961 provides that a HUF (Hindu Undivided Family) is separate unit like an individual and is too assessed accordingly. A HUF is eligible for those exemptions that are available to a resident Indian who is not a senior citizen. It can own property and also have its own business.
Government has notified new National Savings Recurring Deposit Scheme, 2019 w.e.f. 12th December, 2019 vide notification No. G.S.R. 918(E). Article explains Categories of accounts under National Savings Time Deposit Scheme, 2019, Type of Accounts, Deposit and repayment under National Savings Time Deposit Scheme, 2019, Extension of Account, Rate of Interest under National Savings Time Deposit […]
The persons having long-term capital gain can avail exemption under various sections by making prescribed investments. The long-term capital gains are usually taxed @ 20%. This tax can be saved by making investments as per section 54, 54EC and 54F. Section 54: Profit on sale of property used for residence: Capital gain arising on transfer of […]
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 […]
