Karan Batra

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Cost Inflation Index for 2019 and last 19 years: Updated

Cost Inflation Index (CII) is an Index which finds its utility in the income tax act at the time of computation of Long Term Capital Gains to be disclosed in… Read more

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Pass Percentage of CA Final May 2019

CA Final Results of May-June 2019 were announced on 13th Aug 2019. Post the declaration of May-June 2019 CA Final Results, the pass percentage and details of toppers were also… Read more

How to calculate your car insurance premium in 5 easy steps?

When you buy a car you must remember to insure it. But most people make the mistake of purchasing insurance based on recommendations made by their car dealer. Car manufacturers… Read more

What are the different types of Car Insurance Coverages?

As Indians, we have a knack for using protection shields whenever we bring home something new, for example a brand newcar. We believe in safeguarding our car by using kitchen… Read more

A guide to availing of Home Loans in a hassle-free manner

Owning a house is a dream for the majority of Indians. With the real estate rates sky-rocketing, the home loan industry has gained popularity. Almost every bank and non-banking financial… Read more

4 factors that affect home loan interest rates

A home loan is a loan product which is provided by a financial institution to the individuals who want to purchase a home, but they do not have the finances… Read more

5 advantages of a Home Loan EMI Calculator

Owning a home is one of the most appreciated marks of success in this world, and a home also provides security to the owner. But with the rising prices of… Read more

ITR-2

Who is required to file ITR? [Budget Amendments]

Amendment introduced in Budget 2019 In case of a person (other than company or firm) – ITR Filing in India is mandatory only if it is more than the minimum… Read more

TDS on Contractor

4 Sections for Deduction of TDS by Individuals – 194M, 194IB, 194IA, 195

As a general rule, TDS is only required to be deducted by those businesses/professionals whose books are audited under Section 44AB. However, to bring more people under the TDS net… Read more

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Tax Benefit on Home Loan: Section 24, 80EEA & 80C [Full List]

A very important criterion to be kept in mind while taking a Home Loan is the Tax Benefit on Home Loan. To explain the Tax Benefit on Home Loan, we… Read more

How to Plan your Investments to meet your Financial Goals?

The first thing which every financial planner will tell you is to clearly specify your Financial Goals. Because till the time you don’t have financial goals – you will never… Read more

20 Changes announced in Budget 2019 by Finance Minister

The following are the major changes announced in Finance (No. 2) Bill 2019 announced by FM Nirmala Sitharaman on 05th July 2019 Tax Rate reduced to 25% to companies having… Read more

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Surcharge on Income Tax (with Examples)

Surcharge is levied on Income Tax and is levied if Income is more than Rs. 50 Lakhs in case of Individuals and Rs. 1 Crores in case of Companies. The… Read more

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Income Tax Form 13 for Lower Deduction of TDS: Section 197

As per the provisions of the Income Tax Act, TDS/TCS is required to be deducted at the time of making any payment. This TDS is deducted by the person making… Read more

TDS on Contractor

TDS on Payment to Contractor under Section 194C (with Examples)

At the time of making any payment, TDS is required to be deducted by the person making the payment. The rate of TDS depends on the nature of payment made… Read more