Posts Tagged: tax

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Unusual Tax Cases in the World!

Have you ever wondered about some of the most unusual tax disputes in the world or the weirdest taxes that once existed? If not, then these cases and taxes will surely surprise you! One of the weirdest taxes that emerged in Ancient Rome was none other than Bachelor tax, yes you heard it right! This was broadly practiced in the year 1821 in Missouri in the USA. The bachelors had to pay a tax of $1 but it never became a law.

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.

Finance

NPS vs ELSS: Which one to prefer for tax savings?

How can I save tax? Is there an investment scheme that can help me save some tax money?

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.

Tax Club

Tax Shelters: Crime or Intelligence?

"The best things in life are free, but sooner or later, the government will find a way to tax them."

Tax Club

How to save Income Tax in India

Are you someone who loves Bollywood a lot? Do you also find Bollywood life glamorous? The life of celebrities always seems so exciting and full of glamour. Whether it comes to clothes, travel, or lifestyle, they are always ahead.

Tax Club

How to file income tax return online for salaried employee

Lockdown caused a serious problem to all our day to day activities. Even getting out to purchase some groceries instilled a feeling of entering into a war zone. But a few things blossomed despite all these shortcomings such as Netflix, Zoom and E-Filing.

Tax Club

Budget 2020: Which Tax Regime Should You Opt For?

The budget simply welcomed a series of thumbs up and relatively higher criticisms. It's high time you understand the new tax regime and what it has in store for you. Now just picture the Avengers in a different scenario. In the climax, the powerful infinity stones are held by Thanos.

Tax Club

Document Identification Number (DIN): Transparent and Accountable

The companies in India sell you the goods, earn their money, and pay the taxes. These taxes are paid to the government in two forms. The Direct tax that is income tax or corporate tax is levied on the income of the company. Other is the indirect tax now known well as the Goods and Service Tax or the GST and Customs duty.

Tax Club

Why should we move towards a Simpler Tax System?

Albert Einstein once said, “The hardest thing to understand in the world is the Income Tax”. Why is that, even the smartest brains are unable to comprehend the taxes?

Unusual Tax Cases in the World!

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?

NPS vs ELSS: Which one to prefer for tax savings?

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?

Tax Shelters: Crime or Intelligence?

How to save Income Tax in India

How to file income tax return online for salaried employee

Budget 2020: Which Tax Regime Should You Opt For?

Document Identification Number (DIN): Transparent and Accountable

Why should we move towards a Simpler Tax System?

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