Tax Benefit for Life Insurance Premium and Maturity Amt

Life Insurance Premium is a premium which is paid by a person for insuring the life of the person insured. In case any mis-happening happens to the life of the person insured, the life insurance company gives an amount for...

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Various Tax Benefits of Mutual Funds in India

A Mutual Fund is a fund which primarily collects money from the public and then invests the same in specified securities on behalf of its investors. Mutual Funds can broadly be categorised into 2 categories:- Equity Mutual Funds Debt Mutual...

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10 useful Income Tax Deductions for 2023-24

The Income Tax Act provides for various income tax deductions which can be claimed at the time of filing of income tax returns. The total taxable income (after reducing the income tax deductions that have been claimed) would be taxed...

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7 Types of Indirect Taxes in India and its Meaning

The taxes collected by the Indian Govt can broadly be defined into 2 categories – Direct and Indirect. The Direct Taxes are basically the taxes which are directly levied on the Income of an Individual. Some examples of Direct Taxes...

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post-ITR Filing & Tax Audit for Income from F&O Trading
ITR Filing & Tax Audit for Income from F&O Trading

Traders dealing in Futures & Options (F&O) usually enter into big transactions on a regular basis but the profit earned by them in such transactions is fairly small. As the volume and value of transactions is very high, the manner...

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ICAI Direct Entry Scheme for Graduates – CA CPT Exemption

ICAI introduced the Direct Entry Scheme with effect from 1st August 2012 and according to this scheme, students who have completed their Graduation with specified percentage of marks are exempted from appearing for CPT Exams and can directly appear for...

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CFA India: How to pursue CFA from India

This article on How to pursue CFA from India has been authored by Neha Sharma who herself is a Qualified Chartered Financial Analyst With the advent of Globalisation and easy flow of money the Demand for Finance Professionals has been...

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How to link Aadhaar Card with Income Tax Return (ITR)?

From Assessment Year 2015-16 onwards, the Income Tax Department has extended facility of verifying and signing the Income Tax Return through the Aadhaar Card. The taxpayer would be required to link his aadhaar card with his PAN No. on the...

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How to file an Income Tax Return (ITR)?

It’s that time of the year again when the common man is buzzed with the question of how to file an Income Tax Return (ITR). The Income Tax Returns can be filed either online on the Income Tax Website or...

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Income Tax efiling Online in 6 Simple Steps for Free

Income Tax efiling can be done online through the Income Tax Website without any cost in 2 different ways:- Income Tax efiling by downloading the ITR Java utility or the ITR Excel Utility and furnishing details in the excel utility...

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