Before the advent of Goods and Service tax (GST), we, consumers paid various kinds of taxes under different categories like direct taxes and indirect taxes. For better understanding and proper accounting, all the taxes were merged under one umbrella, known as GST. These taxes are levied upon good and services at every stage of the supply chain. The GST is classified into various types like CGST (Central Goods and Service tax which is levied by the centre), SGST (State Goods and Service tax which is charged by the state), andSEE DETAILS

House rents can become a real burden mainly in the metropolitan cities where getting a house on rent is difficult. Since the demand for the rented house is so high, the rent also getting skyrocketed with every passing day. However, if you are a salaried employee and receives HRA or you have your own home in the town, you may need not to worry. But, for those who have to rent a house but do not receive HRA (House Rent Allowance), it may hurt their monthly income. However, there isSEE DETAILS

When it comes to money, everyone wants to earn as much as possible, isn’t it? That is why you look for different investment avenues and wealth generation ideas both in India as well as abroad. In fact, foreign investments hold a particular attraction for most individuals. They try and invest their money in foreign countries which promise good return. But what about the tax implications on those returns? Do you know how and where your foreign returns would be taxed? Taxation of returns becomes a problem when two countries areSEE DETAILS

As citizens, we have tons of savings schemes at our disposal. The major agenda behind these schemes is to put us in a habit of saving for our future. Different types of savings are available for long-term and short term investments. The short-term savings scheme are rolled by the Government and are taken care of by the Indian Post offices. Currently, Post offices of India offer nine different savings scheme and Senior Citizen Savings Scheme is one of them. The main agenda behind this scheme is to make the retirementSEE DETAILS

What is Public Provident Fund? Public Provident Fund (PPF) is a long term investment scheme which is popular amongst the masses. This scheme was introduced by the Government of India to promote savings. It offers an attractive interest rate, high returns along with several safety features. You are eligible for tax exemption under Section 80C Of The Income Tax Act. You can save a maximum of Rs. 1.5 lakhs under PPF in one financial year. Apart from tax rebate, you also get the opportunity to extend the maturity of your PPFSEE DETAILS