Medicinal inclusion (or) Mediclaim assurance is a
flat out need have for all. Considering the rate at which therapeutic costs are
rising, it is fundamental to have satisfactory remedial insurance
incorporation. The remedial development in India is growing at an immense rate,
for all intents and purposes 12% to 15% year on year. Henceforth, it is
essential to have an adequate prosperity spread, it is altogether progressively
critical for senior occupants.
Friday, 7 February 2020
Wednesday, 5 February 2020
Budget 2020 has made
the tax structure more complicated by adding three income tax slabs. The
removal of tax exemptions and deductions certainly makes compliance less
tedious, but avid tax planners who maximised their tax deductions will probably
pay more tax under the new tax regime. The budget 2020 has tried to put more
money in the hands of taxpayers by curtailing the incentives to save.
Saturday, 1 February 2020
As per the West Bengal Finance Department has changed the Pension Form Single Comprehensive Form in a new modified format vide Notification No. 416-F, Dated 09/08/2019. Some of the particulars added in this New Form, which will be more transparent. And also this Format will be required after 01/01/2016 as per the New 6th Pay Commission ( As per ROPA 2019)
Income Tax Return e-Filing
for AY 2019-20: For false claimants of HRA, other exemptions, it may turn out
to be nothing but inviting trouble.
To
save some extra tax, many taxpayers, in their Income Tax Return (ITR), show
that they are staying in rented accommodations by paying a monthly rent of
around Rs 8,300, and claim the tax benefits on House Rent Allowance (HRA) by
taking advantage of the Income Tax rule that there is no need to disclose
the PAN of one’s landlord for paying rent up to Rs 1 lakh per annum.
Friday, 31 January 2020
Did you
receive any advance salary or arrears of salary? If yes, you
might be worried about the tax implications of the same. Do I have to pay taxes
on the total amount? What about the tax calculations of the previous year and
so on? Taxpayers who have such questions in their mind, here is all that you
need to know.
Thursday, 30 January 2020
Buying a house is a dream for millions of people in
India. The government has provided various tax benefits to individuals to
encourage them to buy a house property under the ‘housing for all’ initiative.
One of the important things to note is that if the property is held jointly,
individuals can receive additional tax benefits for the same cost. Highlighted
below are the possible tax benefits if the house property is held jointly. A
house can be held jointly with anyone not necessarily a spouse or parent, but
it can also be with a relative, friend or even a business associate.
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