Category: Personal Finance

fdi-ap-L1
05
Aug

FDI In India on a Roll!

FDI means investment by non-resident entity/person resident outside India in the capital of an Indian company under Schedule 1 of Foreign Exchange Management Act (FEMA). Government has taken a number of historic FDI Policy reforms to open new sectors for foreign direct investment, increase the area of existing sectors and simplifying other conditions and provide ease of doing business in countr....

taxman
02
Aug

3 Ways to Stay Ahead of the Taxman

Everybody knows that you will have to face some difficulties whenever you want to deal with a Government Employee. But your difficulties can become even bigger if you are not ready with all the work completed from your side. If there is any mistake from your side, then you are definitely going to be in a lot of trouble. But, if you are prepared for everything, then you can be ahead of the Taxman. ....

Guide-26AS-6
29
Jul

Understanding the Form 26AS

Form 26AS is the annual tax statement of any PAN. This form contains all the tax related information like TDS, TCS & Refund that is associated with a Permanent Account Number. The form is used to know the amount of tax that has been received by the Government of India for a particular PAN. What details are contained in Form 26AS? The Form 26AS is issued by the government of India separatel....

1
27
Jun

Importance of Pan Card

Permanent Account Number (PAN) has become the most important identification proof for the purpose of financial transactions and tax department. As a proof of address and that you are a citizen of India, the issue of PAN is very essential for the individual. For anyperson, whose annual turnover is over Rs. 50,000/­, the issue of PAN card is essential. Whether it is for the IT return or issuing qua....

fpts
22
Jun

Financial Planning and Tax Savings

When one starts earning, the very next step is spending and managing one’s savings. When people start thinking about savings, the first thing that came to their mind is tax saving. Whether one is doing a job or is in business, everyone wants to save taxes. Indian Income Tax Act allows for some deductions which can be claimed to save tax at the time of filing of Income Tax Returns.All salarie....

blog1
19
Jun

5 Simple Points About the KrishiKalyanCess

What is the KrishiKalyanCess? The KrishiKalyanCess (KKC) is an indirect tax introduced by the Government of India for the development of the agrarian economy. Despite India being a largely agriculture-based economy, the condition of the Indian farmers is quite deplorable and has been accentuated by the large scale droughts in various parts of the country. Through the KKC, the government intends....

12
17
Jun

HOW WILL GST REVOLUTIONIZE THE INDIAN TAXATION SYSTEM

Taxation in India is a subject of great complexities and diversities with even many neighboring states in the country deploying their own unique tax structure and rates. The complexity of Indian taxation can easily be understood by the actions of the centralized income tax department which had to release simplified IT return forms with names such as Saral, Sahaj or Sugam to inform people that the....