No Tax is levied on the amount deposited and withdrawn from the Provident Fund account.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, Exempted Interest and Exempt on Maturity. Although no tax is...
No Tax is levied on the amount deposited and withdrawn from the Provident Fund account.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, Exempted Interest and Exempt on Maturity. Although no tax is...
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 shares for the purpose of raising funds but without diluting...
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 to different audits? Since it is all related to tax...
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 after the employee has completed a specified no. of years...
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 Income Tax Act, income tax is to be paid, and...
“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 paying tax on value addition by maintaining detail of ‘inputs’...
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, such tax can be saved if this amount is invested...
The dividends received from any Indian Company upto Rs. 10 Lakhs are tax free in the hands of the investors under Section 10(34). However, the dividends received from any Mutual Fund Company are fully exempt without any maximum limit under...
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 share prices fall below the purchase price. This practice is...
The Constitution of India grants the power to the Union to raise revenue by levying cess. Article 270 of Constitution of India states that the Government can collect tax in the name of cess for generating revenue but it shall...