Businesses can maximise their financial strategy by paying attention to a few important tax tips. Finally, consult a tax expert. Considering the intricacies of tax legislation, investing in the services of a trained accountant or tax advisor can be prudent. They can guarantee tax law compliance, optimise deductions, and offer tailored assistance. To sum up, …
Form 16 is an important document you might encounter when you start working or during tax season. In simple terms, it’s like a report card your employer gives you about your earnings and the taxes they’ve deducted. Let’s break down what Form 16 means, how it works, the perks it offers, and the different types …
Tax planning means tax savings to receive maximum benefits under the tax policies. With the right approach to reduce tax liabilities, you can enjoy the maximum benefits under the provisions mentioned in the law. It attempts to make a well-rounded approach to your tax decisions in a financial year and aims for benefits for taxpayers …
We already know filing an ITR for income tax return is a prerequisite for individuals eligible under the income tax slab. However, there can be other more benefits than recording your income & expense in the government portal that the taxpayers get. Filing an ITR gives impeccable tax deductions for some individuals, which ultimately make …
How do I File an ITR File? A Comprehensive Guide! Read More »
When you’re paying tax in India, you may come across two interrelated terms “AIS” & “Form 26AS” respectively. In this regard, AIS serves the taxpayers a wholesome view of tax deductions, but Form 26AS gives the view of partial or high-value TCS transactions. Here, we’ll explore the significant differences between AIS & Form 26AS. What …
When you sell an equity fund, you have to pay equity tax to the government. This process often involves some criteria, upon which tax is levied upon an individual. According to the new tax regime, your tax depends on your holding period and annual income put together. So, to understand your tax deductions you have …
What Are Your Equity Tax Collection in the New Tax Policy? Read More »
In a recent viral video statement by shark tank judge Ashneer Grover has triggered on the internet slamming the government’s tax policy. He believes the tax policy of the government to be too much asymmetrical with the earnings of the taxpayers. Grover, the previously serving CEO of Bharatpe, referred to the government tax policy as …
“Taxpayers Are Doing Charity in the Country?” – Ashneer Grover Read More »
As the new financial year begins, it is important to be aware of the income tax regime you are selecting as an employee. The old regime provides various exemptions and deductions while the new regime offers a low tax rate without any exemptions and deductions. All employees who want to opt for the old regime …
Income Tax Regime Selection: Why You Must Act Now to Preserve Deductions and Exemptions Read More »
Recently, the government of India in its union budget in February 2023 has introduced various process to encourage people to save money and invest to improve the country’s economy. However, there was one such scheme that was exclusively for women. The Mahila Samman Savings Certificate (MSSC) is a fixed income scheme offered by the Indian …
Mahila Samman Savings Certificate: A Scheme for Financial Empowerment of Women Read More »
When it comes to mutual fund investment, it has been a consistent option for investments due to higher returns by potential buyers. Even though, understanding the concept of tax implications associated with mutual fund investments is critical in order to make well-informed judgments when investing in mutual funds. This article describes the many forms of …
