Saturday, July 25, 2020

Income Tax Returns (ITRs)

Income Tax Returns (ITRs) Total 7 ITRs are notified by the Income Tax Department, which are applicable for different assessee and for their specified income.    One has to identify, which ITR form is suitable for filing his/her Income Tax Return. ITR may be different...
Share:

Saturday, July 18, 2020

House purchaser: Do not forget to file Form 26QB

House purchaser: Do not forget to file Form 26QB This article is for who purchase any property* (immovable viz, House) for more than or equal to Rs. 50 lakh. Suppose, -Mr A purchase a house (or any other immovable property) from Mr. B, -Sale price is fixed as Rs. 50 Lakh (or more than 50 Lakh, say Rs. 2.50 crore), -Mr. A will make the payment of Rs. 50 Lakh (or more than Rs....
Share:

Saturday, June 20, 2020

Tuesday, March 3, 2020

5 Golden tips to increase your CIBIL Credit Score

5 Golden tips to increase your CIBIL Credit Score First, understand - what is CIBIL & Credit Score. TransUnion CIBIL Limited is Credit Information Company; that takes information from Banks and Financial Institutions (FIs) on Monthly basis and; prepares Credit Information Report...
Share:

Saturday, February 22, 2020

Thursday, February 20, 2020

Taxation of Gift

Taxation of Gift  Gift and Income Tax in India As a general rule, Gift exceeding Rs. 50,000/-  is taxable under - Income from other sources. Now, what Income Tax Act says about the Gifts:- - If you are an Individual OR Hindu Undivided Family (HUF); - You have received any Gift (as...
Share:

Wednesday, February 5, 2020

What is NIFTY 50 and How it is calculated?

What is NIFTY 50 and How it is calculated? - National Stock Exchange Fifty (NIFTY 50). - NIFTY 50 is an equity benchmark index which was introduced by National      Stock Exchange (NSE). - NIFTY 50 index is 50 well diversified company’s stock that reflect the overall   ...
Share: