As per the statistics, India is the world’s leading receiver of remittances claiming more than 12% of the world’s remittances and contributes 4% or more towards the nation’s GDP. As per the [...]
What is Advance Tax? Known as “pay-as-you earn” scheme, advance tax refers to paying some part of your tax in advance i.e. before the end of the financial year instead of paying the lump sum [...]
What is HUF (Hindu Undivided Family)? India has a prevailing tradition of the joint family i.e. undivided family which is basically an extended family arrangement under many generations live under [...]
What is PPF Account? A Public Provident Fund, commonly known and used as PPF, is a savings-cum-tax-saving scheme introduced by the National Savings Institute of the Ministry of Finance in the year [...]
Home Loan Tax Benefit under Section 24, 80C and 80EE According to the provisions of income tax act, 1961 - Taking a loan for your home can provide you various tax benefits and help you in saving lots [...]
Like most banks in India, the Post Office is also a reliable place to deposit money and undergo other transactions. You will particularly find the elder generation frequenting the Post Office as it [...]
What is Income Tax Act? Income Tax Act was enacted in the year 1961 and is the statue under which everything related to taxation is listed. It includes recovery of income tax, levy [...]
Banks and Financial Institutions have come a long way in providing the best offers and interest rates on loans. They have a different scheme for every individual. The one factor that determines this [...]
What is Presumptive Taxation Scheme? A person engaged in business is required to maintain regular books of account under certain circumstances as per sections 44AA of Income-tax Act, 1961. The [...]
Introduction to GHMC Property Tax Are you a property owner residing in Hyderabad? Do you think that you need to be abreast of the latest news and views pertaining to existing and upcoming taxation [...]
