Fixed deposits basically mean putting a certain amount of money for a fixed period. You can earn interest on the principal sum throughout the tenure on a cumulative basis. The interest earned gets added to the principal amount after every specific interval.
We have always discussed in length about the capital gains and its taxability. But, how many of us have noticed that Computation of capital gain and its taxability is different for listed shares and unlisted shares?
Mutual funds give access to portfolios of shares, bonds, and other securities to small and individual investors which are managed by professionals.
On 10th August 2022 Notification No. 94/2022 was issued notifying the New Rule 17AA for books of accounts and other documents to be kept and maintained by Trusts and other various Institutions.
The notification released by the Government states that from 1st October, 2022 any citizen who is or has been a taxpayer shall not be eligible to join the Atal Pension Yojana.
Under the income tax and other Direct Tax laws, tax refunds arise in those cases where the amount of tax paid by a person (or paid on his/her behalf) is greater than the amount on which he/she is properly chargeable. When you file the return of your income, you can avail tax refund.
Income Tax Act 1961 (Gift of Equity Shares)
Tax Compliance Tracker for the m/o August, 2022
Political parties play a key role in democracies as they contest elections, form governments and policies and are responsible for providing Government and for the improvement of the lives of the common man.
It is a well-established fact that a person cannot transfer to another person more than he has or a person cannot transfer to another person what he does not has at the time of transfer.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English