E-Invoicing under GST

The term “e-Invoicing” as used in the GST law refers to electronic invoicing. Similar to how a firm that has registered for GST utilises an e-way bill when moving products from one location to another. Similar to this, certain recognised GST-registered firms are required to produce an electronic invoice for B2B transactions. B2B invoices are […]

4 Situations Where Personal Loan Interest Tax May Be Deducted

Borrowers can obtain money for personal needs through the use of a personal loan as a financial instrument. A personal loan may be utilised for all of these reasons and more, including last-minute vacation needs, unforeseen financial difficulties, and wedding costs. A quick personal loan may be readily applied for online and has much less […]

9 Tips to Make Sure You File IT Returns Timely

The season for submitting returns for the AY 2020–21 has officially begun, as is common knowledge. Everyone is now prepared to file their income tax returns by the deadline. Many taxpayers are wishing for an extension of the deadline as the due day for filing tax returns draws near. It is not advisable to file […]

Income Tax Basics

Income tax is a type of tax that the central government charges on the income earned during a financial year by the individuals and businesses. Taxes are sources of revenue for the government. Government utilizes this revenue for developing infrastructure, providing healthcare, education, subsidy to the farmer/ agriculture sector and in other government welfare schemes. […]

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. Why ELSS Mutual is Funds the Best Tax-Saving Option? Investing in ELSS mutual funds comes with the dual benefit of […]

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 […]

Best ways to save Tax – NPS

National Pension System National Pension System (NPS) is a low cost, tax-efficient and flexible retirement savings scheme launched by the government of India. It is one of the saving schemes where you can invest money monthly or through a systematic saving plan during your working life to get an adequate retirement income. All Indian citizens […]

All about Property Tax

What Is Property Tax? Property Tax, also sometimes known as House Tax, is the tax imposed on real estate owners by the municipal authorities like panchayat, municipality or Municipal Corporation. It is used for maintenance and upkeep of the local civic amenities of the area, like roads, sewage system, lighting, parks, and other infrastructure facilities. […]

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 […]