7 tax provisions that are relevant to you beyond just Section 80C

19 Sep 2019
80 Views

Every year when the budget is presented, people wait for new announcements on income tax. A lower tax outgo doesn’t harm anyone. Either the government is expected to increase the income slab rate that is exempted from paying taxes or offer more tax deductions. The government allows several types .....

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Why Is In India's Auto Sector In A Slump?

19 september 2019
75 Views

What happens when one of the wheels of a vehicle comes off? It could lead to a catastrophic accident. If India is the vehicle, the automobile sector is one of the wheels. The Rs 4.8-lakh-crore auto industry employs 37 million people and single-handedly contributes 7.5 percent to the country’s GDP.....

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A handy list of documents you should keep ready when filing your ITR

19 Sep 2019
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With the deadline for ITR filing in 2019 extended by a month to August 31, you should have enough time to prepare all the income tax return documents for filing your returns. To avoid last minute glitches and delays, it’s advisable to prepare well before the extended deadline.

Whi.....

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Filing your income tax return? 5 things to know about Section 80C

19 Sep 2019
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As the end of the financial year draws near, taxpayers start preparing and worrying about income tax return filing for the particular assessment year. Though there is a large window of opportunity to file the returns, taxpayers wait until the last minute to make investment decisions and take tax .....

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What can the government's proposed stimulus package contain?

19 september 2019
80 Views

Why a stimulus package?

India started 2018-19 on a strong footing, clocking a growth rate of 8.2% in the first quarter. However, the economy gradually decelerated to 5.8% in the last quarter, ending FY19 with an overall growth.....

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India's falling wealth creation: What next?

19 Sep 2019
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Wealth refers to the basket of assets such as cash, land, property, gold, shares, and bonds. In any economy, wealth is created over time by investing in these assets with an expectation that the price will rise further in the future. This rise in price over a period of time leads to wealth creati.....

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India's Labour Law Reform: Where Are We And Where Do We Go Next?

19 Sep 2019
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It is an open secret that restrictive labour laws decrease the competitiveness of small Indian firms. Companies have to manoeuvre a labyrinth of 200 central and state labour laws to ensure compliance, with nearly one-fourth being central laws. High compliance cost has led companies to shift to ca.....

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5 Income sources you should not forget while filing your ITR

23 Oct 2019
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Filing income tax returns can be an intimidating and exhausting process. There are a plethora of sources and deductions to report and it is easy to get lost under reams of paperwork. In the midst of the chase to the deadline for ITR filing, sometimes you might omit declaration of certain incomes......

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Here are Five Reforms That The Indian Sector Could Use Right Now

23 Oct 2019
80 Views

Education is one of the most critical aspects of the development of an individual. It enhances one’s skills, knowledge, intelligence, and opens up many doors to gathering knowledge, analysing and rationalising. Having an education makes it easier to have an informed opinion, which in the larger p.....

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ITR Filing Mistakes

23 Oct 2019
80 Views

Filing Income Tax returns can be a tricky affair. One mistake in the declaration of income or deduction and you could end up with a notice from the income tax department. With the deadline extended to August 31st, you now have the time to go through the process patiently and with utmost care. Mak.....

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Direct Tax Reforms and Health Insurance Benefits: 7 Points you Need to Know

23 Oct 2019
80 Views

The government needs resources to pay its employees, fund welfare schemes and develop infrastructure. How does the government raise resources? There are several sources, but the primary source is direct and indirect taxes. Taxes that are levied directly on individuals or entities such as income t.....

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Filing your ITR and wondering where your taxes go? Here's a break-up

23 Oct 2019
80 Views

Money has become the accepted medium for the exchange of goods and services. We spend our hard-earned money to purchase products or experiences that we require or desire. One can always monitor the result of the money we spend. But a substantial portion of our earnings is taken away as taxes. Bei.....

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How Can the Government Revive the Investment Cycle

23 Oct 2019
80 Views

India was the sixth-largest economy in 2017, pushing France to the seventh spot. It was in striking distance of fifth-placed UK. In 2018, however, France and UK surged ahead, largely due to currency fluctuation, but also due to softening growth in India. The Indian economy has been battling a mar.....

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How Close is India to Its Solar Dream?

23 Oct 2019
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On October 2, 2016, India became the 62nd country to ratify the Paris Agreement. The agreement requires every ratifying member country to come up with a national plan to curb carbon emissions and rising temperatures. India has set a goal of generating 40% of its electricity from renewable energy .....

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ITR Filing Guide

23 Oct 2019
80 Views

With the ITR filing process going completely online, it is often preferred that we undertake the task ourselves. While delegating or outsourcing the task of computing our income tax to an accountant may seem tempting, even in doing so, we need to make sure we are accounting for all the sources of.....

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Importance Of Form 16A

23 Oct 2019
80 Views

Income tax filing is one of the most crucial financial tasks. Since it is an exercise undertaken each year, it is helpful to have a working knowledge of the forms and terms. One such key forms is the Form 16A.  Form 16/ 16A is the certificate of deduction of income tax at source and issued o.....

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Jio Fiber - Another Revolution in The Making for BFSI Industry

23 Oct 2019
80 Views

When it comes to broadband services, Indians prefer mobile broadband over fixed-line services. The total subscriber base for fixed-line broadband services in the country is only 18.42 million, according to the Telecom Regulatory Authority of India. To put things into perspective, 532 million peop.....

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Suffering from Overpopulation or Gaining from Demographic Dividend?

23 Oct 2019
80 Views

India has the largest section of the youth population in the world. By the year 2020, India will have a median age of 28, compared to 37 of the US and China, 45 of Western Europe, 49 of Japan. Such a dynamic shift in the nature of the workforce would inevitably stir the market, as it had with Chi.....

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What are Differential Voting Rights and How do They Affect Startups

23 Oct 2019
80 Views

India’s startup ecosystem has become a force to be reckoned with. The domestic technology landscape has gone a drastic change in the past few years with the country emerging to be the third fastest growing startup hub globally with over 4,200 startups creating more than 80,000 job opportunities.<.....

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What Happens if You Miss the Deadline for ITR Filing

23 Oct 2019
80 Views

Similar to the previous year, the government has extended the ITR filing deadline for 2019 as well. With a grace period of 1 month, taxpayers have until August 31 to file their tax returns instead of July 31. The obvious purpose of this extension is to allow more people to file their income tax r.....

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