The current financial year is about to end in few days. Although the Indian Businesses and taxpayers warmly welcomed the recent budget, there wasn’t much flutter about Income Tax. FM kept the Income Tax slabs unchanged, and no significant relief was announced. So it is easy to overlook some critical Income Tax changes introduced in […]
As the Financial Year is nearing its need, I understand you might be busy. But, there are specific steps that you must take before the end of this month. The Government has set 31st March 2021 as the deadline for numerous tasks. Any failure to do wrap-up those tasks will cost you significantly. To stay […]
There are multiple ways to optimize tax in our legal system. Utilizing such ways can help you save a lot of income tax on your part. One such way is to create a HUF. In this blog, I will explain to you about what is a HUF, how you can establish a HUF and the […]
With the decreasing rates of Fixed Deposits, many young investors are looking for better investment options. Stock Market is rapidly becoming popular amongst youngsters as an option. As India is a booming market right now, it’s an excellent place to invest via stocks and shares. But, when you invest in shares of any company, it […]
The Income Tax Department has extended the final date for filing ITR of the FY 2018-19 once again. Now the deadline is 30th November 2020. So if you have still not filed your ITR, it’s the right time to do so. Now, even if you have filed your return, it’s critical to verify it! The […]
We understand that you are scrambling to file your Income Tax Return (ITR) right now! With so many documents and information necessary, filling an ITR can be a real struggle! There is always a possibility that you might miss-out some critical information unintentionally while filling your ITR. This is a grave error and can attract […]
There are more than six crore Small and Medium businesses in India. It’s not an exaggeration to say that these Small and Medium businesses are a life-line of Indian Economy. These businesses have a small number of customers, unlike big companies, LLPs and Ltd companies in the market. Still, they have a considerable market share […]
Life insurance is a critical part of any tax planning. As we live in the capital-driven world, it becomes vital to ensure the financial safety of our family and for those who depend on us. COVID-19 pandemic has once again asserted the importance of Life Insurance. This is the reason why people are scrambling to […]
Time and again, you might have heard about this term. In this blog, I will try to answer some basic questions related to TDS so that you can understand its importance and use. What is TDS? Tax Deducted at Source or TDS in common is a tax that is deducted from the total payment by […]
Form 26AS is an annual summary of all the taxes that are credited against the PAN of any taxpayer. Every tax that is deducted from the income of a taxpayer by his/her employer, bank or any other income source is mentioned in detail in this Form 26AS. Any advance duty or self-assessment tax paid by […]