Form 10-IE To Select New or Old Tax Regime U/s 115 BAC For F.Y.2020-21

As per Budget 2020, taxpayers were given an opportunity (option) to choose between the old and new tax regime. In the new tax regime, taxpayers have an opportunity (option) to … Read More

Benefits of U/s 80GG with Automated Income Tax All in One for the Govt & Non-Govt Employees for the F.Y.2020-21 with New and Old Tax Regime U/s 115 BAC.

Section 80GG is an uncommon arrangement under Chapter VI-A of the Income Tax Act, 1961, which gives tax respite to the individuals who don’t benefit house rent stipend. To get … Read More

Retirement & Income Strategies – Sources of Retirement Income

[ad_1] One’s retirement income may come from many different sources, including: CDs and Savings, Non-Qualified Annuities, Investments and Mutual Funds or Qualified Plans (401(k), IRA, 403(b), etc.) Qualified plans offer … Read More

Punjab chooses Option-1 to meet the GST implementation shortfall

[ad_1] 26 States and all Union Territories with Legislative Assembly have favoured Option-1 Punjab will get Rs.8,359 Crores through special borrowing window to meet the GST implementation shortfall Permission to … Read More

6 Cliches About Mutual Funds You Should Avoid

[ad_1] I clearly remember that when I started this blog 10 years back (2009) – regular questions were “what is Mutual Funds or SIP”. But a lot has changed in … Read More

How To Report Self-Employment Income At Tax Time

[ad_1] It makes no difference whether you do occasional jobs or work full-time as an independent contractor; current tax laws require that you report this income at tax time. Cash … Read More

Should A Senior Citizen Invest In Pradhan Mantri Vaya Vandana Yojana

[ad_1] Pradhan Mantri Vaya Vandana Yojana (PMVVY) was launched a few years back to provide an avenue of income for senior citizens in the country.  It expired in March 2020 … Read More

CBIC instructions on Standard Operating Procedure (SOP) for verification of taxpayers granted deemed registration

[ad_1] 1. With effect from 21.08.2020, rule 9 of the Central Goods and Services Tax Rules, 2017 (hereinafter referred to as the CGST Rules) provide that in cases where Aadhaar … Read More

Tax Vs GAAP – What Small Business Owners Should Know

[ad_1] Small business owner should understand the following before they decide to maintain their accounting records on the income tax basis or based on generally accepted accounting principles (“GAAP”). GAAP … Read More

6 Undeniable Reasons People Hate Financial Planning

[ad_1] Budget, emergency fund, insurance, tax – these are words that we would rather stay away from.  We like making money but find financial planning quite exhaustive. We try to … Read More

error: Content is protected !!