Success Stories of CACracker’s – CA, CS, CMA Inspirational & Motivational: Chartered Accountant is one of the best professional courses in India and its a great honor to be a Chartered Accountant (CA). CA examinations are really not easy exams. It is one of the toughest examinations. Same as CA, CWA and CS exams are […]
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How To Pass CA, CS, CMA Exams in 1st Attempt Easily Dec 2017
Passing the professional exams like CA, CS, CMA in the 1st attempt is very hard these days. The students who appear for the exams like this have to prepare with smart planning. I am here sharing some tips on How to pass CA CPT, IPCC, Final, CS, CMA Examination easily in the first attempt itself. […]
What is House Rent Allowance? Calculation, Exemption Rules
Updates and details for What is House Rent Allowance? Calculation, Exemption Rules: House Rent Allowance: HRA or the House Rent Allowance is an amount paid by employers to employees as a part of their salaries. It provides employees with tax benefits for what they pay towards accommodations every year. The decision of how much HRA needs […]
Income from House Property: Taxes, Deductions
Updates and details for Income from House Property: Taxes, Deductions: Rental income from a property being building or land appurtenant thereto of which the taxpayer is the owner is charged to tax under the head ‘Income from house property’. This is taxed in the hands of the owner of the property. The appurtenant lands may be in the […]
Residential Status and Tax Incidence
Updates and details for Residential Status and Tax Incidence: Residential status is determined on the basis of the physical presence of an individual in India during the relevant FY and the last 10 FYs. Basic conditions: An individual may qualify as a resident of India if he satisfies any one of the following basic conditions. Stay in India […]
What is Public Provident Fund? Interest Rate, Eligibility, Advantages
Updates and details for What is Public Provident Fund? Interest Rate, Eligibility, Advantages: The Public Provident Fund is a savings-cum-tax-saving instrument in India which was introduced by the National Savings Institute of the Ministry of Finance in 1968. The aim of the scheme is to assemble small savings by offering an investment with reasonable returns combined […]
What is Capital Gains Tax? – CGT Rates in India
Updates and details for What is Capital Gains Tax? – CGT in India: A capital gains tax is a type of tax levied on capital gains, profits an investor realizes when he sells a capital asset for a price that is higher than the purchase price. Capital gains taxes are only triggered when an asset is […]
Demand Draft – How to make/cancel DD? Bank Charges for DD
Updates and details for Demand Draft – How to make/cancel DD? Bank Charges for DD: A Demand Draft which is also known as DD is a method used by an individual for making a transfer payment from one bank account to another. Demand Drafts is different from normal checks in that they do not require signatures […]
What is Professional Tax? Gujarat Professional Tax Slab Rate
Updates and details for What is Professional Tax? Gujarat Professional Tax Slab Rate: Professional Tax is the tax levied by the various State Governments of India on salaried individuals working in government or non-government entities, or in practice of any profession, such as CAs, Lawyers, Doctors, etc. or carry out some form of business, are required […]
Form 12B in India – Previous Employer Salary Details
Updates and details for Form 12B in India – Previous Employer Salary Details: In this article, I have given the information about Form 12B and also the required details for Form 12B. So, just scroll down and read the article. Form 12B: Form 12b is an income tax form that needs to be provided according […]