Ajay is planning to sell his old flat in Punjab and wants to buy a new one in Mumbai. He purchased this flat in March 2014. Ajay is confused regarding the Capital Gains Tax on sale of property, because his friend was telling him that the entire profit on sale will be taxable as per…
When you repay your home loan before the completion of home loan tenure, it is called prepayment of home loan. You can make the prepayment in part or full. Normally, people decide to prepay the home loan when they have additional surplus. What is Part Prepayment of Home Loan? Let us see an example to…
How can I file my income tax return online and that too free. Here is a step by step guide to file your income tax return online. Introduction When a person exceeds the basic exemption limits, he files the income tax return.Income tax is not collected from the person whose Income is below limit as…
What is GST E-Way Bill? How to register and generate E-Way Bill from the portal? What are GST E-Way Bill rules and when are the rules applicable? How to login on portal and get the format of E-Way Bill? What is GST E-Way Bill ? E-Way bill is an electronic document which is required to…
What is GST on life insurance premium? What are GST rates on health, car, bike insurance premium? Insurance sector plays a vital role in the country and this industry is gradually going forward. The Government is also taking initiative to boost this industry. To boost this sector, it has also introduced many policies like Pradhan…
What does ELSS mean? Which are the best ELSS Funds in India for FY 2018-2019? Why do we call it Tax Saver Mutual Funds? What are the tax exemptions, we get under tax saving Mutual Funds? What are different types of options to choose while investing in tax saving best ELSS funds? We are again into another tax…
What is Form 15H and 15G? How can Form 15H help to save income tax for Senior Citizens and from where you can download it? How it is different from Form 15 G? Over the years, there will be times in your career graph, where there will be gaps. These gaps could signify simple breaks…
GST has been rolled out in India with effect from 01st July, 2017 Why is GST Important? Prior to GST, there was Excise Duty or VAT being levied on products and Service tax on services. There were significant number of litigations on what to be considered as merchandise and what to be considered as service…