Blogs

A long-term home loan is a mortgage with a loan term that is typically 15 to 30 years. The longer loan term means that you will have lower monthly payments.

Mutual Funds में निवेश करने वाले SIP को लंबी अवधि में सुरक्षित निवेश माना जा सकता है  यदि आप एक मजबूत निवेश रणनीति और मजबूत रिटर्न के ट्रैक रिकॉर्ड के साथ म्यूचुअल फंड चुनते हैं।

PPF a good tool for future retirement planning : A PPF account can be a good tool for long-term retirement planning as it offers several benefits that make it an attractive investment option.

GST replaces several indirect taxes, such as the VAT, service tax, and excise duty, and creates a single, unified tax system for the country.

To determine the applicability of Tax Audit as per the Income Tax Act, we should calculate Stock Turnover for such income.

Under Section 194IA of the Income Tax Act, a buyer is necessarily required to deduct a TDS at a rate of 1% of the sale of property.

Section 80D of the Income Tax Act provides income tax deductions related to the medical insurance premium paid for you and your family members. You can claim a tax deduction for the health insurance premium paid for yourself, your parents, children, and your spouse.

In computing the total income of an assessee, being an individual or a Hindu undivided family, there shall be deducted, in accordance with and subject to the provisions of this section, the whole of the amount paid or deposited in the previous year, being the aggregate of the sums referred to in sub-section (2), as does not exceed one hundred and fifty thousand rupees.

The tax on Provident Fund contributions above ₹ 2.5 lakh will be based on the income tax slabs you pay and taxed accordingly.

LTA : The exemption is available only on the actual travel costs, i.e., the employee's air, rail, or bus fare. The exemption is available only on the actual travel costs, i.e., the employee's air, rail, or bus fare. No expenses such as local conveyance, sightseeing, hotel accommodation, food, etc., are eligible for this exemption. The exemption is also limited to LTA provided by the employer.

Deductions from income from house property U/S 24 for Interest payments : the amount of deduction , under this clause shall not exceed two lakh rupees.

The term ‘audit’ refers to a check, review, verification, or inspection of a record, transaction, account, etc. A tax audit is the process of verification and inspection of the accounts of a taxpayer to confirm their adherence to the provisions of the Income Tax law.

Withdrawal deduction on home loan : 80EEA of the income tax act enables home buyers make up to Rs 1.50 lakh of their income in a year tax-free.

GST AUDIT : Every registered person whose turnover during a F.Y exceeded the prescribed limit of Rs. 2 crores, was required to get his accounts audited by a CA

A GST registration number is mandatory for any entity seeking to undertake the supply of goods and services across states