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 are very… Read More

Factors to consider before taking Personal Loan Balance Transfer

There may be times when you find lucrative offers on a Personal Loan but you already have an existing personal loan. In that case, you can transfer your personal loan… Read More

How to apply for IEC code for Import and Export of goods?

An IEC Code is a 10-digit code Importer Exporter Code, issued by the Director General of Foreign Trade (DGFT), which is mandatory for every organisation who does or intends to… Read More

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How to file Income Tax Return (ITR) after Death of Taxpayer?

If a person dies during the year, and has earned some income during that year, it is necessary to file income tax returns even after his death. As per the… Read More

Always check the Claim Settlement Ratio before buying Life Insurance

Once you have decided that you wish to opt for a life insurance policy, the biggest confusion is – Which is the best Life Insurance Company? There are many insurance… Read More

All about GST Compensation Cess

GST Compensation Cess is an additional cess levied on certain notified goods in addition to GST applicable on it. GST Compensation Cess also known as GST Cess was introduced to… Read More

GST e-Way Bill: Validity, Applicability, Rules & Procedure

E-Way Bill is an electronically generated document which is required to be generated for the movement of goods of more Rs. 50,000 from one place to another anywhere in India… Read More

Assigning a nominee does Not Guarantee Inheritance

If you have ever opened a bank account or applied for an insurance policy, you must have filled out a form where you would have noticed that they ask you… Read More

Why you should always check Equity Research Report before buying any Stock?

Investing in Stock Markets is always interesting. The stock prices move up and down and give you a lot of opportunities to make money. However, everyone does not make money… Read More

Small dealers and Composition Scheme : Right from the pages of GST Law

“Composition means componere, meaning “put together”. One of the  feature of Indirect Tax laws is that in order to provide a comfort to assessee from complying with the requirement of… Read More

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Should you purchase Capital Gain Bonds of NHAI & REC to save Tax?

The Gains that arise on the sale of a Long Term Capital Asset are known as Long Term Capital Gains and Capital Gains Tax is levied on such gains. However… Read More

0% Tax on Dividends received from Indian Company/ Mutual Fund

The dividends received from any Indian Company upto Rs. 10 Lakhs are tax free in the hands of the investors under Section 10(34). Moreover, any income received in respect of… Read More

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Section 54, 54EC, 54F: Exemption from Long Term Capital Gains Tax

At the time of sale of any Long Term Capital Asset, the Gains are usually very large and are taxed @ 20%. The Resultant Figure to be paid as Tax… Read More

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Computation of Short Term & Long Term Capital Gain Tax on Property

At the time of Sale of any Real Estate Property, Tax is liable to be paid on the Gains earned on the sale of the Real Estate Property. Such Gains… Read More

Tax Implications of Dividend Stripping (with Examples)

Dividend stripping is the practice of buying a share/mutual fund units, just before the declaration of dividend and then selling it off right after the receipt of dividend, when the… Read More