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Friday 18 January 2019
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Tax Changes: 2018

Here’s a look at how 2018 was for your taxes: TAX ON EQUITY: On the direct tax front, this year’s budget brought in a lot of changes....

NPS goes EEE

  The government granted NPS exempt, exempt and exempt or EEE status, which means that like PPF (public provident fund) or EPF...

What is HUF?

A Hindu Undivided Family, as its name suggests, is a joint family which is seen as a separate entity from that of the individual members in...

Myths about Personal Finance

Here are 5 common myths and how to deal with it: MYTH 1: FINANCIAL PLANNING IS NOT FOR ME Reality: Whether you have a lot of money or very...

Budget 2018: Takeaways

Income Tax Slab rates have not been changed. Introduction of Standard Deduction of Rs.40,000. This replaces medical reimbursement and...

Budget 2018: How LTCG tax on equities comes back

The Union Budget has introduced the much-talked about LTCG on sale of listed securities on gains of over Rs. 1 lakh at the rate of 10%...

Section 80D, 80CCD explained

Section 80D: Deduction for premium paid for Medical Insurance Deduction is available up to Rs. 25,000 to a taxpayer for insurance of self,...

The ITAT order on EPF interest

Tax laws provide that interest credited to an Employee Provident Fund account after an individual ceases to be in employment is taxable in...

Capital Gains Account Scheme explained

Mr. Goregaonkar has sold his ancestral house for Rs.20 lakh. He has booked a new apartment which is due for possession within the two...

Who is Your Relative?

Under the income-tax laws, income tax is payable on any sum of money, movable property or immovable property received by an individual...