5 Best GST Invoicing Software in India
GST billing India is now mandatory for all businesses. Business comes with its own paperwork and other formalities. Now, let me ask you this, How do you run your business …
Taxation
Hindu Undivided Family (HUF) Rules and Tax Rebate
What is HUF (Hindu Undivided Family)? A “Hindu Undivided Family” is a separate legal entity as per the Income Tax Act. HUF can be formed by Jains, Sikhs, and Buddhists …
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7.75% RBI Bonds (GOI Bonds) Features and Taxability
For the Quarter April to June 2020, the Government has reduced interest rates of almost all of its small savings schemes. PPF (Public Provident Fund) interest rate reduced to 7.10% …
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7.75% RBI Bonds (GOI Bonds) Features and Taxability
For the Quarter April to June 2020, the Government has reduced interest rates of almost all of its small savings schemes. PPF (Public Provident Fund) interest rate reduced to 7.10% …
7.75% RBI Bonds (GOI Bonds) Features and Taxability Read More »
Best Credit Card for Online Shopping in India
With the increasing penetration of the internet facility across the country, daily routine items such as grocery, bakery, cosmetics, etc. to the luxury items such as laptops, high-end cameras, TV, …
Difference Between Income Tax Deductions, Exemptions and Rebate
Income Tax Deductions vs Exemptions vs Rebate Income tax of India requires income to be classified into five different heads viz: Income from Salary, Income from House Property, Income from …
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Is Stock Dividend Taxable Income in India
Taxability of Share Dividend Income in India What is a Dividend? A Dividend means any sum received by a shareholder in proportion to this shareholding in the company out of …
New Income Tax Slab and Tax Rebate/Credit under section 87A
Interim Budget 2019 which came in February 2019 had given lots of tax sops thus there was no such expectation related to relaxation of income tax slab, tax rates or …
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Tax Exemption on Life Insurance Policy under Section 10(10D)
Section 10(10D): Tax Exemption on Maturity Amount of Life Insurance Policy As per Section 10(10D) of the Income Tax Act, 1961, any sum received under a Life Insurance Policy, including the sum …
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Elaborating Tax Treatment of Composite Rent
Meaning of Composite Rent Composite rent means when the landlord or owner of a property receives rent in respect of building let out including: (1) Other assets as for example …