Income tax

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SECTION 80D – HEALTH FRIENDLY NORM

By | 2017-04-01T19:28:55+00:00 April 1st, 2017|Income Tax, Latest News|

The Constitution of India has vested upon us several rights and benefits that make the life of a common man in India, living and sustainable happily. Right to Freedom under Article 19, Right to Speech under Article 19(1)(a), Right to Free and compulsory education under Article 21(A) and many more. Health Insurance Policies are an [...]

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Shell Companies to face the aftermath of Demonetisation Drive

By | 2017-03-27T17:58:22+00:00 March 27th, 2017|Income Tax, Latest News|

BREAKING NEWS: The CBDT (Central Board of Direct Taxes) Chief has announced that the shell companies would be removed from the website of MCA (Ministry of Current Affairs) with an aim to curb corruption and black money. Strict actions are taken against such uncertain companies and firms. The Indian Government with the pledge to fight [...]

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“March end – the Perfect Time to date your Taxes”

By | 2017-03-25T08:43:34+00:00 March 25th, 2017|How To, Income Tax, Latest News|

“March end - the Perfect Time to date your Taxes" The financial year 2016-2017 is about to end soon, and the financial year, 2017-2018 is on the verge of commencement. But before the arrival and providing a warm welcome to the new financial year, 2017-2018 you have to clear all due taxes and clearances. After [...]

HOW TO MAKE SMART INVESTMENTS FOR TAX SAVING?

By | 2017-03-23T17:12:01+00:00 March 23rd, 2017|How To, Income Tax, Investment, Latest News|

Earning money is what anyone can do but it takes a smart brain to save it. Rather than compromising the desires, one should take a more simpler way, that is through tax saving deductions to reduce the tax burden. Tax planning is what needed to be considered before the beginning of the financial year but [...]

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Check Out Your Options On Saving Taxes On House Rent Allowance

By | 2017-03-24T21:44:59+00:00 March 22nd, 2017|How To, Income Tax, Latest News|

What is House Rent Allowance Exemption ? House Rent Allowance is a right of every individual who earns a salary and lives in a rented house. It allows them to be partially or totally exempted from paying taxes, under Income Tax Act Section 10 (13A). HRA is a part of salary structure in all offices, [...]

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Section 80G and Section 80GGA-How do these help you?

By | 2017-03-18T18:13:48+00:00 March 17th, 2017|How To, Income Tax, Latest News|

When The Income Tax Act, 1961 was formulated, there was left some space for accommodating exemptions in case some individual funds are being donated. In 1967, Section 80G came up; this section allows the use of private money for the social welfare programs and also offers tax rebate on the amount donated. Transactions that are [...]

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How can Equity Investment can save your Income tax with Good Return ?

By | 2017-03-16T05:45:14+00:00 March 16th, 2017|How To, Income Tax, Investment, Latest News|

How can Equity Investment can save your Income tax with Good Return ? The investment domain is generally divided into two portions; long term and short term investment. Both the terms are self explanatory by the fact that they are distinguished by the extent of time by which the investment is done. Long term investment [...]

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Tax Exemptions for Freelancers and Self Employed

By | 2017-03-15T03:26:26+00:00 March 15th, 2017|Income Tax, Latest News, TAX|

Tax exemptions for freelancers, making the way a bit easier for the self-employed The concept of self-employment is one of the most celebrated in the job world. The major advantage of this genre is that it allows the economic development of the individual or the group while also generating several opportunities for others.  Freelancers are [...]

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Sukanya Samriddhi Yojana- Scheme that you can use!

By | 2017-03-15T04:03:14+00:00 March 7th, 2017|Income Tax, Investment, Latest News|

Sukanya Samriddhi Yojana- Scheme that you can use! There has been applause worthy response from the administrative strata of India regarding the upliftment and empowerment of women. There has been a string of government-backed schemes that have been launched in order to create awareness about the need for improving the social as well as the [...]

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Notice u/s 139(9) For Defective Return : Due to Non Compliance of Section 44AA

By | 2017-03-05T11:08:11+00:00 March 5th, 2017|How To, Income Tax, Latest News|

In this year, post demonetization scheme launched by Modi Government, Income tax department has now become more stringent and strict in scrutiny of data filed by Income tax assessees in their returns, specially in case of business returns filed. Most of small traders and small business assessee are filing their business Income tax return in [...]

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