How to determine Residential Status for Income Tax purpose

Residential Status of a taxpayer is very much important for income tax purpose. Before the computation of the tax liability of a taxpayer, his/her residential status must be decided for that financial year. A person may have different residential status in a different year. Again, such person may have different residential status in different countries … Read moreHow to determine Residential Status for Income Tax purpose

ELSS a tax saving investment for a good return

ELSS or Equity Linked Savings Scheme is a very well-known investment option for investors. It is an eligible investment for the purpose of deduction under section 80C. You can avail the benefit of deduction when you have certain tax saving investments. It may be your life insurance or maybe PPF or 5 Years fixed deposit … Read moreELSS a tax saving investment for a good return

Importance of Interest Income for Income Tax Computation

When we are talking about the computation of income tax our main discussion is about income from salary or profit from the business. And there is no surprise for that. These two heads are the main source of generating income for maximum people. According to the Income Tax Act, there are 5 heads of income … Read moreImportance of Interest Income for Income Tax Computation

how to invest in ppf account for tax benefit and maintain it properly

Public Provident Fund (PPF) is one of the good investment options in India. Every time when anybody asks me “I have not enough money. How can I start my Investment”, my answer is “Start with PPF Account”. I think it is one of the favorite savings and investment options to many investors. However, it has … Read morehow to invest in ppf account for tax benefit and maintain it properly

how to invest your money to earn a good return in India

So, are you happy with your investment choice? Do you think your investment decisions are the best for the improvement of your financial health? Do you start your investment? If your answer is NO, then you are in the correct place. My friend, by the end of this article, you will know the best option … Read morehow to invest your money to earn a good return in India

Documents required for GST Registration

Whenever any client comes for GST registration, they throw me a common question “What documents are required for GST registration”? Proper documentation is a very important matter for GST registration. Your application for GST Registration may be rejected by the concerned Officer due to non-availability of valid documents. Ok, it’s true that before rejection, the … Read moreDocuments required for GST Registration

Don’t forget to save your money and invest it in proper way

Can you ever imagine that you wok up in the morning and find yourself without money? It’s horrible right? In today’s world, you can’t live without money. Every day in every moment the money is most needed for you (It does not mean that money is everything). Yes, there is another side which you can’t … Read moreDon’t forget to save your money and invest it in proper way