Category: Blogs
-
Budget 2022: What Taxpayers can Expect from the Upcoming Budget
The budget session of 2022 is on the horizon. We’re gearing up for a fantastic year in terms of the economy. The Hon’ble Finance Minister Nirmala Sitharaman will announce the Budget 2022 after just a few weeks. And because of the COVID-19 epidemic, people have high expectations from the budget this year. Here are a…
-
Rebate Under Section 87-A and Income Tax On Gains From Shares: Here’s Everything You Need To Know
Section 87A of the Income-Tax Act allows you to claim a maximum rebate of up to Rs12,500. The total tax becomes NIL if the income in a financial year is equal to or under 5 Lakhs. However, if there are gains from shares in that FY, the rebate given under this section may not be…
-
How Can the DTAA Provide Benefits to NRIs in India On Double Taxation?
The residential status of an individual is critical in determining the way how his or her income will be taxed in India for that year. It is common to see non-resident Indians (NRIs) and persons of Indian origin (PIOs) carefully planning their stay in India for the specified year so that their income does not…
-
What Is The Annual Information Statement
Annual Information Statement is a record of all financial transactions done by you during the financial year. Details that can be seen on your AIS Salary paid to you Dividend received Interest from the savings account, recurring deposits, FDs, debentures, etc Interest from Income tax refund Sale and purchase of equity shares, bonds, mutual funds,…