Category: Income Tax

Income Tax Slab Rates for 2018-19 & 2019-20 in India – Updated

Income Tax Slab Rates for 2018-19 & 2019-20 in India – Updated

Budget 2019 Update: There is no change in the Income Tax Slabs for the Financial Year 2019-20 and the Income Tax Slabs which were applicable for Financial Year 2018-19 would...

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Income Tax Returns revised after Demonetisation may come under Scrutiny

Income Tax Returns revised after Demonetisation may come under Scrutiny

On 8th Nov. 2016, the Indian Govt demonetised the Rs. 500 and Rs. 1000 notes in order to curb the flow of black money in the system. The Govt has...

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

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...

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

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...

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

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....

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SEIS Scheme – 5% Incentives by Govt to Service Exporters

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...

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

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...

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Income Tax Benefits of paying Insurance Premium in India

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...

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TDS on Property purchased on Loan – EMI Payments

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...

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Income Tax – Page 9 – Chartered Club