When a NRI invests in the stock market of India, he is subject to capital gain tax on the profit earned through trading done in India. There are two types of capital gains applicable in India: Short Term Capital Gains...
E-Way bill GST implementation: Are the businesses prepared for GST E-Way Bill? Read More
One might wonder about the reason of early implementation of E-Way Bill because initially the government had planned to introduce it from April 2018. But instead in the GST council meeting the E-way bill was re-visited and the rules for...
What is Take Home Salary and How to increase take home salary? Read More
Take home salary is the amount received by an employee after subtracting all the deductions from his package or CTC (Cost to Company). The formula for computing the take home salary is Take home salary= Basic Salary + Allowances – Deductions...
Tax on Property Transaction below Circle Rate: Sec 50C, Sec 56 Read More
This article highlights the income tax treatment on purchase/sale of a property below the Stamp Duty Value under Section 50C & Section 56(2)(x). Before the explaining the treatment, lets first understand the meaning of Stamp Duty Value. Circle Rate/ Stamp...
7 Special Tax benefits for Senior Citizens – Updated Read More
The Indian Income Tax Act gives certain tax benefits to Senior Citizens and also tries to ensure that income tax e-filing is a hassle free process. The complete list of all the tax benefits available to senior citizens is compiled...
Section 44AE: Tax on Income of Transporters – Updated Read More
Section 44AE, Section 44AD & Section 44ADA deal with Presumptive Taxation of Business. Section 44AE is applicable for Business of plying, hiring or leasing goods carriages whereas Section 44ADA is applicable for Professionals & Section 44AD is applicable for Other Businesses. The...
What is a Chit Fund? Should you invest in Chit Funds? Read More
A chit fund is a collective instrument tool where there are two participants, one is the organizer and the other is the member. There are various members who collectively come together and agree to pool-in a specified sum of money...
How Seasonal Businesses can use Flexi Loans to boost Revenue Read More
A seasonal business, like a Christmas decorations shop, a ski lodge, or even a tax preparation office, would have their revenue inflow only on a seasonal basis. Thus, they may find it difficult to meet their fixed costs during the...
How to start a company in the U.S. from India? (Step-by-step guide) Read More
Nowadays, many people are keen to set up a business in the United States. It builds more trust in international customers. Also, the facilitation of payments is much more easier. But the first question that arises in the mind of...
3 Features of Term Insurance Policy which makes Nominee’s Life Easier Read More
The purpose of a term insurance policy is simple, ‘to offer sufficient financial support to your loved ones when you are no longer there to ensure the same.’ But imagine if your nominees have to run from post to pillar...