Posts Tagged: tax havens

Your Money

National Pension Scheme (NPS): Easy Retirement Planning

Breezy air flowing through my hair and sweet orange juice in hand while vacationing in an exotic foreign location- that is my vision of a perfect retirement. 🍹 We all have something planned for what we would like to do in our retirement years. Many think of buying a gorgeous house, while others, like me, wish to explore the different corners of the world. Retirement for Indians typically begins at age 58 or 60 but can vary depending upon the goals of individuals.

Business

Cracking Shell Companies: Real or Fake?

Imagine this: An underworld where businesses only exist on paper, operate in secrecy, and play hide-and-seek with authorities. Welcome to the world of shell companies, where the real and the imagined frequently come together, puzzling even the most seasoned financial minds. This article's objective is to clarify the mystifying nature of shell companies by looking at What, Why and How.

Finance

Is Filing of Income Tax Return Compulsory?

The only reason you're "exempt" from filing an ITR is because you're not earning enough. Get better at your job.

Tax Club

How to save capital gain tax on sale of residential property?

Taxes are something that no one enjoys. But what if I told you that there are some simple ways to save money on taxes while selling your most valuable asset, your own 'house'? Yes, there are some exemptions available to you under the Income Tax Act that allow you to earn a tax break on the sale of your home.

Tax Club

Understanding Tax Havens

The story goes that the Swiss bankers had invented secret banks to protect the assets of Jews from the Nazis. But in reality, they were invented to protect the bankers from prosecution by other states. This was among the first instances of ‘safe havens’ for people with special monetary needs.

Startups

Income Tax Incentives for Startups in India

Who does not want to own a business? Well, everyone does. But the dynamics have changed. Owning a business no longer means opening a shop in a famous mall or at a popular marketplace. The way of doing business has been completely revamped in the 21st century, and this new way of business is Startups.

Tax Club

Do Olympic Athletes have to pay Taxes on Awards?

“...aur fir hum Gold jeetega, aur humara Jhanda lehrayega”

Finance

What is Gratuity? And how to calculate It?

The job market has witnessed a shift from being employer-oriented to employee-oriented. This means, previously, the employer had the upper hand in deciding all aspects of employment, including salary, work culture, perks, working hours etc. The employee had to give in.

Tax Club

In and Out of Excise Duty!

While seeing the news about petrol and diesel's skyrocketing prices, you may have heard about excise duty. Did you know that it still exists even after 3.5 years of the new GST regime?

Tax Club

What Budget 2021 Means For Taxpayers, Investors and Consumers?

The annual Union Budget is like packaged candy for a crying kid. And if it isn't very obvious, the wrapped candy is the expected budget reforms, and the crying kid is the economy. This year, the kid had been crying quite loudly, and while the entire nation was already hoping for candy, it was also expecting it to be bigger in size and sweeter in taste.

Tax Club

Penalties Charged for Late Filing of ITR

A lot of people seem to assume that filing tax returns is elective and therefore disperse it as unnecessary and burdensome. But a lot of individuals are not aware that this is not a very healthy perspective on tax-filing.

Finance

16 Important Deadlines for 2021

The world changed dramatically in 2020. We were hit by a rare disaster, the COVID-19 pandemic, which resulted in a substantial loss of human lives. And, to contain the spread of this contagion, the country had to go into the Great Lockdown. The result? There has been a magnificent collapse in the economic activities with lingering uncertainty about its revival.

Tax Club

New Tax Regime vs Old Tax Regime: Which Suits You More?

The Budget of 2020 brought quite a few changes to our tax system. The most prominent change was the introduction of the New Tax Regime. However, this New Tax System was optional. But, many taxpayers were still confused as to which system they should follow.

Tax Club

Understanding Short Term Capital Gain Tax

Holding capital assets as an investment has been a widespread practice for some time now. There is no doubt that capital assets are quite profitable investments. People keep buying and selling them to acquire that difference between the buying and selling price.

Tax Club

Long Term Capital Gain Tax: How can you save it?

Every person wishes to have a piece of property one day, which he could claim to be his own. But the process and the later obligations of owning a property isn’t as easy as dreaming to have one.

Mutual Funds

Everything you need to know about ELSS Mutual Funds

As a new investor in the market, it can become very hectic to find a long-term scheme that can generate wealth, give regular returns, with lower risk, and save taxes, all at the same time. There are various schemes in the market that offer regular returns; however, they are taxed accordingly.

Mutual Funds

Taxation of Mutual Funds and their Effect on Returns

Taxation on mutual funds might be complex for those investors who do not have any prior knowledge of the industry. And planning to invest in mutual fund schemes without knowing the taxation, might lead to a loss of your money in the form of tax.

News Platter

Is Leave Travel Allowance (LTA) worth claiming?

Shimla, Manali or Goa, where are you traveling for a vacation in the upcoming new year? What if I tell you that by traveling to your favourite destination you can save a lot of tax? Yes, this is true. Now you might be thinking, how is this possible? It is possible in a Leave Travel Allowance.

Posts Tagged: tax havens

National Pension Scheme (NPS): Easy Retirement Planning

Cracking Shell Companies: Real or Fake?

Is Filing of Income Tax Return Compulsory?

How to save capital gain tax on sale of residential property?

Understanding Tax Havens

Income Tax Incentives for Startups in India

Do Olympic Athletes have to pay Taxes on Awards?

What is Gratuity? And how to calculate It?

In and Out of Excise Duty!

What Budget 2021 Means For Taxpayers, Investors and Consumers?

Penalties Charged for Late Filing of ITR

16 Important Deadlines for 2021

New Tax Regime vs Old Tax Regime: Which Suits You More?

Understanding Short Term Capital Gain Tax

Long Term Capital Gain Tax: How can you save it?

Everything you need to know about ELSS Mutual Funds

Taxation of Mutual Funds and their Effect on Returns

Is Leave Travel Allowance (LTA) worth claiming?

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