Tax on Another’s Income: Clubbing of Income
“You Earn You Pay” or “Pay as you Earn”, these are common lines we all regularly hear but it’s not the case always, many times you also need to pay …
Money Matters to Rethink at the Start of New Fiscal Year
We all spent a tremendous amount of time mugging in various investment schemes to cut our tax outgo at the end of the last fiscal year but it is not …
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How to Convert Form 26AS Text file to Excel File?
What is Form 26AS? Form 26AS is a consolidated Tax Credit Statement issued under rule 31 AB of Income Tax Rules of India to PAN Holders. It shows the amount …
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Minimum Alternate Tax (MAT): Concept, Calculation and Credit u/s 115JB
What is MAT – Minimum Alternate Tax? MAT stands for Minimum Alternate Tax, described as a direct tax that has to be paid by the companies that are enjoying tax …
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All about GST on Real Estate in India
Prior to 1st April 2019, 12% GST is levied on payments made towards the Ready-to-Move-in Flats or Under Construction Property where the completion certificate has not been issued at the time …