GST Penalties and Appeals in India
All Under GST, the return can be filed both online and offline. Under this new tax reform, there is common e-return for Central Goods & Service Tax (CGST), State Goods & Service Tax (SGST), Integrated Goods & service Tax (IGST) and Additional tax. Under GST, a registered taxpayer shall file GST return at the GST […]
20 Easy Ways to Save Income Tax in India
People are always on the lookout for opportunities to save income tax. No one likes to miss out on options that can save them money paid as tax. Different people prefer different ways of doing so. This year the tax filing deadline for salaried individuals is 31st July 2021. But if all your calculations and documents […]
Best ways to save Tax – ELSS Funds
Equity-linked savings schemes (ELSS) are tax-saving financial instruments and offer tax benefits under section 80C of the Income Tax (IT) Act. Such funds invest a majority of the corpus in equities to deliver capital appreciation. Quick check: Check who you are really borrowing from: our directory of RBI-registered lenders lists each NBFC’s registration, loan apps […]
GST Refund
Refund under GST is the process of reversal of taxes paid by the taxpayer, for one or the other reason. You can claim a refund of the tax that you paid if you are eligible for it, by filing a refund return form under GST. Taxpayers & Tax Practitioners struggle around this provision of the GST […]
What Homebuyers want from Budget 2022?
Finance Minister Nirmala Sitharaman is set to present her fourth straight Union Budget on February 1, 2022. The Finance Minister will present financial statements and tax proposals for the fiscal year 2022-23 (April 2022 to March 2023) on Tuesday. Will the Union Budget favour homebuyers? Is it the right time to enter the property market? Taking cognisance of […]
Loan for Self-Employed with ITR: Eligibility & Documents
How lenders use your ITR to size a loan if you’re self-employed: eligibility, documents, presumptive income example and 2026 tips under the new tax Act.
Best ways to save Tax – NPS
Quick check: Check who you are really borrowing from: our directory of RBI-registered lenders lists each NBFC’s registration, loan apps and complaint contacts. Also see APR vs interest rate: what loan apps really cost. For example, see our pages on Komac Investments & Finance and G.S. Leasing & Finance. National Pension System National Pension System […]
All about Property Tax
Quick check: Check any lender’s RBI registration before you sign: our directory of RBI-registered lenders lists each NBFC’s registration details, regional office and complaint contacts. For example, see our pages on Akara Capital Advisors and Piramal Finance. What Is Property Tax? Property Tax, also sometimes known as House Tax, is the tax imposed on real […]
5 Tax Saving Hacks
If you invest in stocks and equity funds, you must have earned healthy returns in the past few years. But while the going has been good on the investment front, there is bad news flowing from the tax department. In the past few years, the tax monster has spread its tentacles and started moving into […]
Will VPF be a good choice for Retirement Saving?
VPF is a voluntary increase in the contribution towards PF, with no matching contribution from the employer. Since the amount is deducted even before the salary is paid, it is a disciplined way to invest. The investment earns a fixed interest each year, as declared by the government. The contributions are also eligible for deduction […]