Tag archive for ‘tax’
Interim Budget 2019
By Paul Linus On Friday, February 1st, 2019
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No tax for income up to Rs 5 lakh: Interim Budget 2019

Finance Minister Piyush Goyal presented the Interim Budget on Friday terming it as “A Budget for everyone.” A tax rebate for individual taxpayers earning up to Rs 5 lakh was announced but with a catch. More...

Why Petrol, Diesel Prices Could Not Come Down Immediately
By Paul Linus On Monday, September 10th, 2018
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Why Petrol, Diesel Prices Could Not Come Down Immediately

The Narendra Modi government has ruled out any reduction in the retail prices of petrol and diesel in the country even after a wide protest by opposition on Monday calling ‘Bharat Bandh’ across India. It was More...

How To Save Tax By Gifting Within Family
By Paul Linus On Sunday, December 31st, 2017
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How To Save Tax By Gifting Within Family

By means of legal transferring the income as gift to their own family members, taxpayers can enjoy the tax exemption limit. If the income of a family is generated by single person, then the tax liability on the More...

Indian Demonetization Questionmarks Many Taxpayers Who Deposited Large Cash
By Paul Linus On Saturday, July 15th, 2017
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Indian Demonetization Questionmarks Many Taxpayers Who Deposited Large Cash

During the time of demonetization late last year in India the government claims to have uncovered 5.56 lakh such individuals whose income tax profile were inconsistent compared to cash deposits. Some 1.04 lakh other More...

Selling Old Gold Jewellery Attracts No GST- Finance Ministry
By Paul Linus On Thursday, July 13th, 2017
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Selling Old Gold Jewellery Attracts No GST: Finance Ministry

There is no GST on exchange jewellery, said Finance Ministry on Thursday as it is not the business of an individual. Releasing a statement the ministry added, “Even though the sale of old gold by an individual More...

At The Stroke Of Midnight India Launches New Tax Order - GST
By Paul Linus On Friday, June 30th, 2017
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At The Stroke Of Midnight India Launches New Tax Order – GST

Coined by Indian Prime Minister Narendra Modi as ‘Goods And Simple Tax’, the much debated and much awaited Goods and Services Tax (GST) was launched at midnight of 30th June and 1st July. Considered as the biggest More...

tax plan
By Paul Linus On Friday, May 5th, 2017
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Why Should You Start Your Tax Planning NOW?

My grandfather used to say, “Beta, make mistakes every time, but don’t make a mistake of making the same mistake again and again”. Now when the wave of ‘tax planning and investment form submission’ is More...

Understanding Money Back Plans- The Beginner's Guidebook
By Paul Linus On Tuesday, January 5th, 2016
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Understanding Money Back Plans- The Beginner’s Guidebook

Financial security is one of the significant life goals for which people work hard. Without ample amount of money, it is not possible to fulfill even your basic needs. A man has countlessresponsibilities like his More...