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Have would a self-employed person operate his tax? Self-employment has several advantages to offer. Few deductions are available for savings and self employed expenses for those who are salaried, and the government denies a sizeable portion of their pay. However when compared to salary or rental incomes, self-employment income has enormous…

Smart taxpayers file and pay taxes on time and know various ways to save money on taxes. The Indian government offers several tax exemption and deduction policies to help people save taxes. However, only a few people know about it. For example, many people claim income tax deductions for home…

Do you know the importance of filing Income Tax Return (ITR) on time? Reasons you need to file ITR on time offers numerous benefits; including reducing the likelihood of errors, avoiding late filing penalties and ensuring faster tax refunds. In addition, early filing gives taxpayers more time to correct errors…

A crucial step in India's firm winding-up procedure is the appointment of a liquidator. The task of allocating the company's assets to its creditors and shareholders is delegated to a liquidator. However, situations can occur when a corporate liquidator needs to be fired and replaced. This note explores the legal…

Many individual or person considers purchasing a home to be a significant milestone in India. However, becoming a homeowner in India, and especially for first-time buyers, can be challenging. In the enthusiasm and excitement of purchasing a property, most people usually make common mistakes that can hamper their budget or…

A successful alternative with the potential for expansion and wealth building is a stock investment. But, calculating long-term capital gains (LTCG) could take some time. This article gives a good knowledge and awareness on the computation of LTCG. Let's look at long-term capital gains calculation methods! Contents: LTCG or Long-Term…

Life is unpredictable, and one of the most important significance of future planning is ensuring the financial security of your loved ones in case of any uncertain event. This is where life insurance plays an important role. Life insurance is a contract between an individual and an insurance company, where…

The concept of Tax Planning is an important aspect of personal financial management for a country like India. It is crucial to explore the benefits of tax-saving options applicable in the country. Individuals can reduce their tax liabilities with the appropriate investment choice but it also aims to build a…

It is a Saying that “There is nothing certain except Death and Taxes” After the completion of Financial Year 2022- 2023, now taxpayers are looking ahead to plan to save their taxes in the next coming financial year, that is in Financial Year 2023- 2024. For this Income Tax Planning…

Managing finances across borders can be both rewarding and complex. For Non-Resident Indians (NRIs), maintaining a connection with their home country while living abroad often involves holding bank accounts in India. Two popular options available for NRIs are the Non-Residential External (NRE) account and the Non-Residential Ordinary (NRO) account. In…