What is Income Tax Clearance Certificate and When is it issued?
Income Tax Clearance Certificate is a document issued by the Government of India validating that the person has duly paid all the taxes due and has no pending liability. When… Read more
How Joint Home Loan is Beneficial?
I am sure owning a dream home is on the bucket list of May. But with a fixed salary and increasing inflation it seems like a distant dream. Buying a… Read more
How safe are your Bank Lockers?
There are some valuables that we think are the safest in a bank locker. Most people have this opinion that your valuables are 100% safe when kept in a bank… Read more
Don’t liquidate your assets, get a Loan Against Securities
Many people park their money in deposits and securities for investment purpose. And in times of financial emergencies there are only two options available, to borrow funds or liquidate the… Read more
Is Tax levied on Sodexo Meal Coupons?
Yes, the free meal coupons like Sodexo are liable to tax. Our Income Tax law treats it as a free perquisite given by the employer to its employees and would… Read more
What is Personal Line of Credit and How it helps?
Personal Line of Credit is a form of borrowing just like personal loan, with added features. It is a mix of credit card and personal loan. It is a personal… Read more
Rules for withdrawal of money from Provident Fund Account
Once you have discontinued service under employment, there are two things that you can do with your Provident Fund Account, If you are taking up employment in another company then… Read more
Tax on PF Withdrawal (Explained with Charts)
No Tax is levied on the amount deposited and withdrawn from the Provident Fund account. This is because Provident Fund account comes under the EEE bracket i.e. Exempt on Investment… Read more
DVR: Issue Equity Shares without diluting your Control
Did you know, that there are equity shares that offer only dividends and an opportunity for price appreciation but without the voting rights. This means you get to issue equity… Read more
Difference between Statutory Audit, Tax Audit & GST Audit
Most enterprises are subject to various audits throughout their financial year. But one common question that arises in the mind of every such entrepreneur is that why are they subject… Read more
5 lesser known ways to secure your Debit Card
There has been a tremendous rise in the number of digital transactions in the recent past. And with digitalization comes the risk of security threats. Yes, I know you must… Read more
Full Service Broker vs Discount Broker: Which one is better for you?
Most people have this confusion regarding where to open a Demat Account. To help you answer this question, I’ll first explain on the types of Demat Accounts and then answer… Read more
What are ESOPs and Tax on Sale of ESOPs? (with Examples)
ESOP stands for Employees Stock Option Plan. As the name suggests, this is an option given to the employees to become the shareholders of the company. This option can be exercised… Read more
What does 2030 have in store for you financially?
If you revisit some of the old sci-fi movies like Metropolis or 12 Monkeys, you find that they take place around the year 2030. This was supposed to be an… Read more
TDS on Purchase of Property from NRI – Section 195
When purchasing a property from NRI – TDS is required to be deducted on Capital Gains and not on the Sale Price. The procedure, TDS Rate and Compliances to be… Read more