Income Tax on Startups in India & Tax Incentives to Start-ups

Several incentives were announced by the Govt in Budget 2016 regarding the levy of Income Tax on Start-ups in India. These incentives were further enhanced in Budget 2017. All these… Read More

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Locate your Income Tax Ward No./ Circle/ Range/ AO Code online

The Jurisdiction of the Assessing Officer i.e. his Income Tax Ward/ Income Tax Circle/ Income Tax Range No/AO Code is required to be stated while filing the Income Tax Return… Read More

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Income Tax on Contract based Employee/Consultant

Many companies have now started hiring employees on contract basis. Such employees although work in the company premises and work as a normal employee but their legal status is not… Read More

Buying an Insurance

5 Tips to Choose the Best Health Insurance Policy in India

Times have been changing fast in every sector of life and economy, and healthcare is not an exception. The trends that we have seen somewhat sound like the following: There… Read More

Is a Personal Loan better than Credit Card for making Purchases

Life is full of uncertainties and you may not always have adequate savings to meet such emergencies. And in such cases where the savings are less but an expense is… Read More

tds-rent

TDS on Rent paid by Salaried, Businesses & Professionals – Updated

Budget 2017 and Budget 2019 have brought in certain amendments to the applicability of TDS on Rent and the rates at which TDS on Rent is to be deducted. Prior… Read More

Exam-Form

CA Final/ IPCC Exam Form May 2019: Application procedure

The Exam Forms for May 2019 Attempt would be available from 20th Feb 2019 and the last date for submitting the exam forms is 12th March 2019. Student desirous of… Read More

medical-reimbursement

What are the tax deductions available on Critical Ailments expenses?

A tax deduction is an overall benefit that comes complimentary with health insurance plans and medical expenses. There is a separate category that deals with specific critical ailments that involve… Read More

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Cost Inflation Index for 2016 and last 30 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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Tax Benefit on Home Loan: Section 24, 80EE & 80C

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

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Surcharge on Income Tax – Latest Rates

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

income-tax-slabs

Income Tax Slab Rates for 2018-19 & 2019-20 in India – Updated

Budget 2019 Update: There is no change in the Income Tax Slabs for the Financial Year 2019-20 and the Income Tax Slabs which were applicable for Financial Year 2018-19 would… Read More

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CA Final Result Nov 2018 to be announced on 23rd Jan

ICAI has announced that the CA Final Result of Nov 2018 would be announced on 23rd Jan 2019 at around 06:00 PM.  A List of Top 50 Rank Holders of… Read More

CPT-Results

CPT Result June 2017 declared on 18th July by ICAI

ICAI has declared that the CPT Result June 2017 on 18th July 2017. Students can check the CPT Result of June 2017 by submitting their 6 digit Roll No. on the following website icaiexam.icai.org ICAI… Read More

Service Charge in Restaurants is not mandatory – Govt

It is a practice restaurants use to extract the tip from you after you’re through with the dining. Many have been known to add a ‘service charge’ in the range… Read More