Budget of 1991 – Era of Globalization, Privatization and Liberalization Ex-Prime Minister Manmohan Singh is regarded as one of the key economists under the leadership of then Prime Minister […]
Who is a Non Resident Indian (NRI)? Income Tax doesn’t directly define NRI. Section 6 contains criteria to consider Resident in India and provides that anyone who doesn’t fulfil this […]
Section 10(10) of the Income Tax Act, defines Gratuity as a payment made to an employee either at the time of retirement or leaving from job. However, it is given […]
I can’t change the direction of the wind, but I can adjust my sails to always reach my destination. ~ Jimmy Dean Tax planning since ages has been left to year […]
On August 3, 2016 Rajya Sabha passed the much awaited 122nd Constitutional Amendment to turn Goods and Services Tax (GST) Bill into law and replace different state and local taxes […]
Salaried people have been claiming the tax benefits to save their hard earned money. These provisions include saving tax on house rent (HRA), travelling (LTA) and interest paid on housing […]
Time and again technology has played a major factor in reducing human effort and paper work. Lot of human efforts had been saved when filing Income Tax returns was done […]