Category: Income Tax

Email id’s of 74,000 CA’s in India hacked by Legion Group – News Report

He is an 18-year-old somewhere in India. Or so, he says. And he is part of Legion, the hacker group that has got India’s attention after several high-profile email and Twitter hacks, and some extensive data dumps. On Wednesday evening,...

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Tax Planning: Top 7 ways to save Tax legally in 2018-19

The Indian Income Tax Act allows for certain deductions which can be claimed to save tax at the time of filing of Income Tax Return by all classes of Taxpayers (i.e. Salaried Individuals, Professionals, businessman etc). These deductions which help...

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MEIS Scheme: Govt incentives for Export of Goods – 2 to 5%

The Merchandise Export from India Scheme (MEIS Scheme) is a newly launched scheme launched as a part of the new Foreign Trade Policy and is applicable from 2015 to 2020. This new scheme replaces the 5 similar incentive schemes available...

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SEIS Scheme – 5% Incentives by Govt to Service Exporters

In order to encourage exports, the govt provides certain benefits to exporters. These benefits are provided to both Service Exporters as well as Exporters of Goods. In this article, we would mainly be discussing about the benefits available to Service...

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Equalisation Levy @ 6% on Digital Ads from 1st June 2016

The Digital Space has grown very rapidly in the past few years and is expected to grow substantially in the next few years. The biggest beneficiaries of this rapid growth in the Digital Space are companies earning through Digital Ads...

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Income Tax Benefits of paying Insurance Premium in India

There are several types of insurance policies which can be purchased by an individual however,  insurance policies are broadly be classified into two categories i.e. General Insurance Non-General Insurance In this article, we would be discussing the income tax benefits...

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TDS on Property purchased on Loan – EMI Payments

With effect from 1st June 2013, TDS is required to be deducted @ 1% on all payments made for purchase of property. This TDS is required to be deducted on purchase of all properties which are more than Rs. 50...

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Capital Gains Tax on sale of Bonus, Right & Split Shares

At the time of sale of shares, Capital Gains Tax is levied depending on the nature of the capital gains. If the Capital Gains are Long Term in Nature, tax on such gains would be levied @ 10% from Financial...

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5 ways to save Money while renewing Car Insurance

Car Insurance Policies are usually issued for a period of one year, after which they are to be renewed to continue the policy for another year. As car insurance is mandatory by law, it is essential for every car owner...

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10% Long Term Capital Gains Tax on Sale of Shares & MF: Budget 2018

Budget 2018 Update: 10% Long Term Capital Gains Tax on sale of Shares and Mutual Funds held for more than 1 year.  ———————————- Capital Gains Tax on sale of shares/mutual funds is levied based on the nature of the Capital...

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