Tax Deduction at Source (TDS) rates for the Fiscal Year 2023-24 & Assessment Year 2024-25: Tax Deduction at Source i.e. TDS came into existence with an objective to collect income tax at the point of origin of income by the Government of India (GOI). As per the norm, a person (deductor or payer) who is […]
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Significance of Seventh Pay Commission for your financial planning: The Seventh Pay Commission, implemented by the government with effect from 1 January 2016, will have multifaceted repercussions on the country’s economic front. On one hand, the Seventh Pay Commission will enhance the annual fiscal expenditure of the government by an amount of Rs. 1.02 lakh crore,
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Here is a list of 10 leading Monthly Income Investment choice in India: It’s always a great feeling when you are financially Free and don’t have to worry about your monthly expenses. When investing for monthly income, all of us would love to have our principal intact and at the same time get high and
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All you need to know about Income Declaration Scheme 2016: If you have undisclosed income then here is a golden opportunity to come out clean. The Income Declaration Scheme (IDS) 2016, which came into effect on 1st June 2016, helps you to legalise your unaccounted money by paying tax, surcharge & penalty, all totalling up to
Income Declaration Scheme 2016: Revised deadline to pay taxes on your black money Read More »
A guide to FATCA & CRS Compliance: Click here to be a part of myMoneySage Elite an exclusive community to the elite and discerning who want to maximize their wealth by leveraging the power of unbiased advice In the recent times, while interacting with your banks, mutual fund houses or any other financial institutions, they might
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All about Capital Gains on House Property: Capital gains are the gains/ profit earned on transfer or sale of assets. In the article below, I will take you through the capital gains on housing property, how is the short-term and long-term capital gain calculated, applicable tax rates on the sale of property and how you
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Here is why a Health Insurance Policy is essential for you: A report released by the World Health Organization on non-communicable diseases (NCD) (commonly known as lifestyle diseases) paints a depressing picture of India. 26 percent of Indians aged between 30 and 70 could die from one of the four major non-communicable diseases – diabetes,
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A guide to Initial Public Offering (IPO): India’s primary market has started on a high note this year, as a dozen companies have already raised more than Rs. 8000 crores through IPO till June 2016 and few more are expected to raise another Rs. 6000 crores in the next few months. If you are a retail investor who
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A guide to long-term and short-term Capital Gains Tax: Mr. Anil Gupta bought a property in the year 2013 and sold the same after 30 months as he was making decent gains on the investment, little did he realize that his gains were subject to short-term capital gains tax. If he had sold the property after completion
““`Capital Gains Tax – The long and short of it Read More »
Asset Allocation Strategies and the factors that influence Asset Allocation: More often people talk about investment planning to meet their financial goals. However, investment planning not just involves identifying financial goals and outlining an investment plan; there is another important component which if ignored can prove fatal to investment portfolio i.e. Asset Allocation. Click here
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