There are three main asset classes that these schemes often invest in: equities, debt, and gold
There has been a significant rise in the number of Indians betting online in recent years.
It is universally true that any simple tax system leads to better compliance and the government must strive for it on both direct and indirect taxes.
A tax return should be filed in the Assessment Year, which is the year after the end of a financial year
Investors must bear in mind an implied guarantee by a state government will not allow its municipal corporation to default on its debt obligations
Employer-provided concessionary loans have tax implications as a perquisite
Section 80DDB entitles taxpayers to a deduction for medical expenses incurred in treating particular conditions or disorders
HUFs are governed by Hindu law and founded by a married couple or joint family members
It is recommended that you establish a sizable emergency fund that can cover up to 12 months of family needs
Section 80C of the Income Tax Act 1961 allows for a deduction of up to Rs 1,50,000 on specific investments