TAX

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GST Impact in Everyday Life

By | 2017-04-22T19:34:44+00:00 April 12th, 2017|GST, Latest News|

While the Indian Government is working tirelessly to bring new reforms in the tax system of the country to remove the complex tax system and set a common nationwide market rates for tax, the common men are worried about the effect the new system is going to have on their lives. To cut the things [...]

A Confusion : Whether to apply for New Service Tax Registration / VAT or GST ?

By | 2017-04-11T07:49:52+00:00 April 5th, 2017|GST, Latest News|

With a news overcome about GST bill passed in Lok Sabha, it is now clear picture showing about implementation of GST with effect from 1st July 2017. To make effective implementation of GST, Government has already started enrollment of existing VAT Dealers and Service tax Registration in all over India including Jammu & Kashmir. GST [...]

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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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“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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Demonetisation – Launchpads To Skyrocket Gold Prices

By | 2017-03-22T17:43:39+00:00 March 22nd, 2017|GST, Income Tax, Investment, Latest News|

Year 2016, might have been good for the common masses. But with the year end, on November 8, the Demonetisation Drive led by 'Nammo' Team shook the entire nation off their sanity. Master Stroke- They said! From handlooms to textile industries, from small scale industries to large manufacturers, the entire nation witnessed the 'Biggest Buzz' [...]

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The perks and Mislaying of Model GST law

By | 2017-03-20T14:31:17+00:00 March 20th, 2017|GST, Latest News|

‘The Model Goods and Service Tax Law’ is in now probably in the last stages of its implementation. This bill has been in the process of getting cleared up from various levels of the legislature for quite some time, and the dust seems to have settled on it now. The implementation of the Model GST [...]

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GST Draft Approved by Union Cabinate : The Bill likely to be applicable from July 2017

By | 2017-03-21T13:15:08+00:00 March 18th, 2017|GST, Latest News, TAX|

With a lot of noise around the GST Bill, the Union Cabinate headed by Mr. Narendra Modi finally approved the bill so as to mark the beginning of the implementation of the same in the parliament and the state legislatures. With the implementation deadline marked as July 1, it is important the department is on [...]

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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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