Clipped from: https://www.business-standard.com/article/pf/optimise-80c-tax-saving-benefit-by-investing-in-scss-in-tranches-123031000846_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 They could invest in SCSS in tranches to optimise Sec 80C benefits and park some money in PMVVY before it closes on Mar
Category: Income Tax
PAN-Aadhaar Linking: Income Tax Dept Issues FAQs
Clipped from: https://www.taxscan.in/pan-aadhaar-linking-income-tax-dept-issues-faqs/260282/ By Navasree A.M – On March 9, 2023 1:34 pm – 6 mins read The Income Tax Department issued the FAQs which are valid till 31st March
👍👍👍👍👍Income Tax- What is New Provision of 43B For Micro & Small Enterprises
Clipped from: https://taxguru.in/income-tax/income-tax-provision-43b-micro-small-enterprises.html In order to promote timely payments to “Micro and Small Enterprises” In Budget- 2023, it is proposed to include payments made to such enterprises
👍👍👍👍👍All about HRA Exemption, Eligibility, Limit etc.
lipped from: https://taxguru.in/income-tax/hra-exemption-eligibility-limit.html What is HRA- House Rent Allowance HRA is paid to Salary individuals by the employer. HRA exemption can be claimed only by Salaried
👍👍👍👍👍Taxation of taxpayers opting for presumptive taxation schemes
Clipped from: https://taxguru.in/income-tax/taxation-taxpayers-opting-presumptive-taxation-schemes.html To give benefit to small taxpayers from the exhausting job of maintaining books of account and getting the accounts audited, the Income-tax Act
👍👍👍👍👍How NRI can save TDS on selling immovable property in India
Clipped from: https://taxguru.in/income-tax/nri-save-tds-selling-immovable-property-india.html Are you an NRI facing huge TDS on sale of your immovable property located in India? If yes, this article is for you
👍👍👍Provisions Relating To TDS/TCS in Budget 2023
Clipped from: https://taxguru.in/income-tax/provisions-relating-tds-tcs-budget-2023.html TDS and Taxability of winning from online Games: With the technological advancement and rise of mobile and internet connectivity, a number of on
👍👍👍Amendments by Finance Act, 2023 related to Tax on Capital gain
Clipped from: https://taxguru.in/income-tax/amendments-finance-act-2023-related-tax-capital-gain.html Article explains Amendment made by Finance Act, 2023 with regard to some provisions under the head Capital gain which incudes amendment in Section 54, Section
👍👍👍Tax Liability of a Non Resident Indian (NRI)
Clipped from: https://taxguru.in/income-tax/tax-liability-resident-indian-nri.html In India, the tax liability of any individual is based on his residential status. There are three types of residential status under Income
Major amendments in Budget 2023 relating to Capital Gains
Clipped from: https://taxguru.in/finance/major-amendments-budget-2023-relating-capital-gains.html From a tax perspective there are 3 major amendments in Capital Gains in this budget 2023 w.r.t. followings: ♦️ Residential House Property (RHP) ♦️ Gold
TDS on Immovable Property
Clipped from: https://taxguru.in/income-tax/tds-immovable-property.html TDS on Immovable Property – Sec 194IA Conditions: Note :- For the purpose of TDS calculation, Consideration paid for acquisition of immovable property
NRIs must be aware: Income generated in India is taxable here | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/nris-beware-income-generated-in-india-is-taxable-here-123030200959_1.html Many deductions available to resident Indians are not available to NRIs While non-resident Indians (NRIs) live abroad, many of them retain strong connections
*****House rent allowance: Tax exemption can be claimed on rent paid to parents | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/hra-exemption-can-be-claimed-on-rent-paid-to-parents-submit-landlord-s-pan-123022701060_1.html Prepare an agreement, pay rent into their bank accounts, and ensure they pay tax on it Salaried individuals who opt for the old tax regime,
👍Health Insurance with Tax Benefits | The Financial Express
Clipped from: https://www.financialexpress.com/sponsored/health-insurance-with-tax-benefits/2993640/ These tax advantages are available if you acquire the coverage for yourself and your parents, dependent kids, and spouse. Please continue reading to
🙏🙏Tax Query: Applicability of presumptive taxation under Section 44ADA – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-applicability-of-presumptive-taxation-under-section-44ada/article66543603.ece How the provisions can be interpreted by an engineering professional after retirement If one opts for presumptive taxation scheme, one is required to
Term insurance: why short could be sweet – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/term-insurance-why-short-could-be-sweet/article66543563.ece Short term life cover and the situations where it might be useful For a niche audience, a short-term cover can sometimes be a
Mahila Samman Savings Certificate: Should you invest? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/mahila-samman-savings-certificate-should-you-invest/article66548763.ece The amount allowed for investment is not high enough, at just ₹2 lakh MSSC will have a tenor of two years and carry
👍👍👍How a new tax law has stumped Tata Trusts and top corporate donors | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/how-a-new-tax-law-has-stumped-tata-trusts-and-top-corporate-donors-123022300513_1.html?code=NTM4OTU9MTIzMDIyMzAwNTEz The Finance Bill proposes that if a charitable organisation donates to another charity then only 85 per cent of the donation will be
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