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
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
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
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
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
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