Finance
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Finance
How to safeguard your investments from market fluctuations?
How to safeguard your investments from market fluctuations? The YEAR 2020 – The year of most difficult times for masses-economically and financially! Jobs were in danger, Real Estate market crashed… FD rates lowered… and expenses […]
Income Tax
Budget 2020 Expectations : “Populist” or “Mixed Bag” ?
Budget 2020 Expectations : “Populist” or “Mixed Bag” ? The Financial Year 2019-20 saw many Budget announcements by the FM. Starting with Interim Budget in February 2019, then Union Budget in July 2019 till last […]
Income Tax
Change effective 1st Sep: 5% TDS on “Net Receipts” from Life Insurance Policy
5% TDS on Net Receipts from Life Insurance Policy Budget 2019 has brought in some important amendments. One of them is the amendment of Sec 194DA providing that TDS applicable on “income” from incurance company […]
Income Tax
Consequences of non-filing of ITR on the due date
Consequences of non-filing of ITR on the due date Generally, 31st July is the due date to file tax returns of certain taxpayers. Considering the COVID-19 pandemic the due date has been extended to 31st […]
Income Tax
TDS on cash withdrawal – Some Unanswered Questions
TDS on cash withdrawal – Some Unanswered Questions In the Union Budget 2019, the FM mentioned some measures for promoting less cash economy. One of the important provisions among them is the withholding tax on […]
Income Tax
TDS on cash withdrawals – Invalid provision? Fair?? or double taxation??
TDS on cash withdrawals – Invalid provision? Fair?? or double taxation?? Union Budget 2019, in order to encourage cashless transactions; imposed Tax Deducted at Source (TDS) at 2% on the withdrawal of cash from bank […]
Income Tax
Union Budget 2019 : Highlights
Union Budget 2019 Budget Highlights: What is changing for FY 19-20? On 5th July 2019 for the first time in India, a woman Finance Minister Ms. Nirmala Sitharaman presented the Budget. This budget will be […]
Income Tax
Deduction for interest on deposits in a Savings Account
Deduction for interest on deposits in a savings account Deduction u/s 80TTA & 80TTB Sec 80TTA: Deduction in respect of “ interest on deposits in a savings account” Income Tax Act, 1961 provides a deduction […]
Income Tax
Some FAQs related to filing of Income Tax Return
Some FAQs related to the filing of Income Tax Return 31st July is the deadline to file the ITR for most of the tax-payers including salaried people. The filing Income Tax Return (ITR) has been […]