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Public Provident Fund (PPF) India, Interest, Benefit, Withdrawals, Deposit etc

 Though there is a hype of certain types of investments nowadays, some schemes launched by the government are still considered the best safety net for long-term investments. One of which is PPF (Public Provident Fund). Not only this investment plan makes you financially secure but also brings you lots of benefits with a decent interest rate. Want to know more about PPF? Read through!Public Provident Fund (PPF)Public Provident Fund is simply defined as Exempt, Exempt and Exempt (EEE) as it offers exceptional tax benefits to its subscribers under Section 80C.SEE DETAILS

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Tax-Benefits-On-Insurance-Policies
Income Tax Saving

 Life insurance is a very important component of your financial portfolio. It gives unparalleled protection in case of premature death. The sum assured promised under the plan takes care of financial responsibility in case of premature demise of the insured. Moreover, different types of life insurance plans fulfil different financial needs. If fulfilment of financial needs and insurance protection is not enough, life insurance also provides you tax benefits. In fact, when it comes to tax benefits, life insurance plans provide benefit both on the investment and also on theSEE DETAILS

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NRE-NRO-Accounts
Income Tax Saving

Non-resident Indians (NRI) comprises of non-residents under FEMA and non-Indian citizens of Indian Origin (PIO). Thus NRIs can have three types of bank accounts: Non-resident Ordinary (NRO) Non-resident External (NRE) Foreign Currency Non-Resident (FCNR) Opening an NRO account An NRI can open an NRO (Non-Resident Ordinary) bank account at any point of time or can also change his existing bank account into an NRO account. A citizen of any other country can open an NRO account during his stay in India. But citizens of Pakistan and Bangladesh require prior permissionSEE DETAILS

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Double Tax Avoidance Agreement (DTAA) Guide

  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 countriesSEE DETAILS

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Senior-Citizen-Saving-Scheme
Income Tax Saving

Contents :- What is the Senior Citizen Saving Scheme? Who is eligible to invest in this scheme? What is the investment limit under this scheme? What documents are required to open an account under the Senior Citizen Savings Scheme? Step-by-step process to open an account under the Senior Citizen Saving Scheme: How much interest is paid on the investments under this scheme? Maturity period and premature withdrawals Tax exemptions under this Scheme? Nomination facility under this Scheme? Other important information regarding the Senior Citizen Savings Scheme? As citizens, we haveSEE DETAILS

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How-To-Open-a-PPF-Account-in-SBI
Income Tax Saving

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

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save-income-tax
Income Tax Saving

Earning a 7-figure annual salary is a dream for many. A high salary promises an improved lifestyle, fulfilment of financial goals and, overall, a comfortable life. However, there is another aspect which a high salary brings in its wake – a high tax liability. You know that your tax liability increases as your income increases and so when you earn a high salary, you fall in the 30% tax slab and end up paying a high tax. Though there are tax-saving investments which help in bringing down your tax liability,SEE DETAILS

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Section 23(1)(c)
Blogs, Income Tax Help, Income Tax Learning, Income Tax Saving, Income Tax Updates, Latest News, News

Recently, Mr. Sachin Tendulkar got a favorable ruling from a tribunal over a tax disputed case on one of his vacant property. If you are also the owner of more than one house then you definitely need to read this !! Let’s have an overview of his case and find out how it may help you.Facts of the Case:Mr. Sachin had two properties in Pune, one in Treasure Park and another one in Sapphire Park in F.Y 12-13. Now, in the ITR of F.Y 12-13, only the Rental income fromSEE DETAILS

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Blogs, Income Tax Help, Income Tax Learning, Income Tax Saving

Are you filing income tax return for FY 2017-18?Then you surely are in a rush because the deadline is already on head i.e. 31st July, 2018.But as the wise one’s said, “Relax! Take a break & recharge yourself”.That’s why we are here, to recharge & introduce you with some common income tax breaks 2017 which will help in saving taxes.Many of us, in a hurry to file ITR, forget about various income tax benefits which we all are eligible for. But we just don’t know about them.So buckle-up your seat-belts,SEE DETAILS

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Blogs, Income Tax for Starters (Basics), Income Tax Help, Income Tax Learning, Income Tax Saving

Contents :- Section 80DD Deductions Section 80DDB Deductions Section 80U Deductions In today’s modern era, we spend a lot of money on health-care, be it for ourselves or our family. So does our Government by taking steps towards public welfare. And these steps are taken in the form of income tax deductions, new laws etc.  Whenever it comes to any social issue, lawmakers always try to provide more & more benefit to public. As a result, income tax laws provide various sections under which one can claim deduction of expenditureSEE DETAILS

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