What is Micro Insurance

What is Micro Insurance Presently India is a country of opportunities, being second largest populated country in the world and continuously growing.  A number of start-ups are raising due to

GST on Sale of Used Goods!

The implications of tax on sale of used assets is one of the most complex things faced by an assessee. However, under GST, Government has tried to simplify the said

Money

Tax Saving Bonds Vs Tax-Free Bonds: Best tax saving options for you to invest right now

With one the interest accrued is completely free from tax, whereas with the other you can enjoy tax benefits on the principal amount. Taxpayers are vigorously looking for investment options

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Company Law

Landmark change in Incorporating a Company

As we all know, on 6th February, 2020 Ministry of Corporate Affairs (MCA) has introduced a new process of incorporation of Company via notifying Companies (Incorporation) Amendment Rules, 2020. As stated in

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Money

PPF Vs ELSS: Which should you choose for better returns and tax saving?

PPF Vs ELSS: Which should you choose for better returns and tax saving? Investment schemes like PPF and ELSS are investors’ favourite for varied reasons. However, which of the two

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Income Tax

No tax benefits on rent paid, home loan: Should you buy a house or stay on rent in new tax regime?

The tax benefits on HRA are great relief to salaried people who stay on rented accommodation as in certain cases the entire HRA, which varies from 40-50 per cent of

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Income Tax

Vivad Se Vishwas – A lifetime opportunity to settle litigation(s)

INTRODUCTION The Finance Minister Ms. Nirmala Sitharaman during her maiden budget, presented on 1st February, 2020, declared an amnesty scheme namely ‘Vivad Se Vishwas – A Dispute Resolution Scheme 2020′ (hereinafter referred

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Money

Public Provident Fund: You will be denied Section 80C tax benefit unless you do this

After 15-years, when the PPF account matures make sure to submit Form 4 if you wish to extend the account in a block of 5-years and avail Section 80C tax

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Finance

How currency movements can affect your financial goals

How currency movements can affect your financial goals There are several are several risks that you need to consider before investing your funds in various instruments. One aspect that is

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Money

Mutual Funds: Shift to growth option for tax-efficient returns

As dividend will be taxable at the marginal slab rate in the hands of investors from April, mutual fund investors in the higher tax bracket should shift to growth option

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Income Tax

Have outstanding tax payable? Opportunity to save interest, penalty till March end

Have outstanding tax payable? Opportunity to save interest, penalty till March end In order to reduce litigation in indirect taxes, Finance Minister Nirmala Sitharaman in her Budget Speech on 1

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Income Tax

Budget 2020: Tax Highlights for NRIs and Indian Residents

Tax Highlights for NRIs and Indian Residents AMENDMENTS FOR NON-RESIDENT INDIANS 1. Modification of Residency Provisions Tax Residency Period for Indian Residents and Person of Indian Origin reduced from 182

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