Tax Deduction for Interest paid on Car Loan

The Interest paid on some types of Loans is allowed to be claimed as an Expense under the Income Tax Act. However, all types of interests are not allowed to… Read More

TDS and GST on Advertisement through Google Adwords

GST @ 18% is levied and TDS @ 2% is deductible on the Google Adwords advertisement expense. It is important to note here that some publishers are advertising through the… Read More

ULIP vs Mutual Fund: Feature Comparison

There has been a debate on whether a unit-linked insurance plan is better than a mutual fund for decades. Now, after the LTCG tax, the insurance companies are highlighting that… Read More

Questions To Be Asked Before Buying Term Insurance

Insurance policies and plans are more than an investment for an individual. They are a symbol of assurance that their loved ones will be well taken care of in the… Read More

1 out of 5 people staying in Urban Areas forced to borrow to cover Hospitalisation Costs reveals study

The costs of medical treatment and hospitalisation costs have been increasing at a very fast pace. They have been increasing at such a fast pace that a lot of people… Read More

TDS on Contractor

Comprehensive Guide on TDS on GST @ 2% (with Examples)

TDS @ 2% is required to be deducted on payment made to the supplier of taxable goods or services of both where the value of such supply under a contract… Read More

Rights of Daughter in Father’s property if he dies without Will

Daughter’s right in her parents property has always been debatable. Earlier, the law prohibited the daughters from inheriting the property of the parents. It was only the sons who were… Read More

How is Home Loan EMI Calculated?

Home Loans have now become an integral part of our lives. The land rates have become so expensive that it is very difficult for any person to purchase real estate… Read More

tax-income-vacant-land

How is Tax levied on Rent from Vacant Land?

Many a times people earn income by letting out their vacant land. It could be monthly rental income or a one time income by letting it out for an event… Read More

MSME-Classification

The new classification of MSME on the basis of Turnover

The classification of MSME for both goods and services organisation is done on the basis of the turnover and is as follows:- Classification Turnover Micro Enterprise Upto Rs. 5 Crores… Read More

Tax on Guaranteed Income Plan

Guaranteed Income Plan is a type of savings plan cum insurance plan that promises guaranteed annual income after a fixed period. It is non-linked, non-participating endowment plan where the policyholder… Read More

current-account-bank

Difference between Savings Account and Current Account

The two most common bank accounts are savings account and current account. These two are the most widely used accounts, and often banks offer variety of features in these accounts… Read More

How I stay updated with the latest Tax Laws and you can too

The day I qualified my CA Exams, I was on 7th heaven and very confident that clients would soon start coming to engage me for my services and there would… Read More

prepayment-home-loan

5 Things to know about Home Construction Loans

Do you dream of owning a piece of land in a scenic part of the countryside? A land over which you can build your dream house to use as you… Read More

What is a child plan? How it works?

A child plan is a tailor-made investment cum insurance option to meet the financial needs of a child. In a child plan, there are two components– insurance and investment. The… Read More

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