by Vidya Kumar | Mar 3, 2023 | financial planning, taxation, Uncategorized, Vidya Kumar
Income tax is levied on individuals, HUFs, partnership firms, LLPs, and corporations as per Income Tax Act. If an individual’s income exceeds the minimum threshold limit, they are subject to a slab system of taxation. Here is a comparison of the tax slabs of the old...
by Vidya Kumar | Feb 8, 2020 | Budget 2020, taxation, Vidya Kumar
Summary: Finance Minister, Nirmala Sitharaman presented the Union Budget 2020on the 1st of February, 2020. The main talking points that affect the common man are around changes in the income tax rates, taxation rules for NRIs and scrapping of Dividend Distribution...
by Vidya Kumar | Oct 30, 2019 | Capital Gains, taxation
Summary: Capital gains earned on sale of house property can be classified as short-term or long-term capital gains. Short-term capital gains are taxed as per the income tax slab rate and long-term capital gains are taxed at 20% after indexation. There are provisions...
by Vidya Kumar | Apr 24, 2019 | taxation, Vidya Kumar
Executive Summary: There are some changes to the ITR forms. You have to be aware of these before filing your returns for FY 2018-19. The deadline to file income tax returns is looming around the corner. We need to file our taxes before that. There are some changes in...
by Vidya Kumar | Apr 9, 2019 | taxation, Vidya Kumar
Vidya Kumar
by Vidya Kumar | Feb 28, 2019 | taxation, Vidya Kumar
Filing of Income Tax returns even if there is no income to be taxed is useful as it is a proof of income and documentation. It allows to carry forward capital losses, claim tax refund and increase one’s chances of getting a high value loan or insurance cover....
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