Articles, tagged with "income tax act", page 5

Why you don’t want to be your own contractor

This article was provided to you by EcoHomesReno.ca Some people may say "I can run my own project and save some money" or "they are doing a favour for a friend by looking after the project". The "favour" could be very costly, as most people have no ide... Read >
Author: ecohomes

Singapore Offshore Company

A Singapore offshore company provides several benefits to corporations and organisations all over the world. Some of the major advantages in having a Singapore offshore company are listed below. • Setting up a Singapore offshore company does not conv... Read >
Author: Lawrence Smith

Apt Source – A Service Provider For Micro Finance Institutions

Services : At Apt Source, the professional services of qualified and experienced legal professionals are available to help you comply with all statutory requirements. A wide range of services- from helping in the choice of the right legal entity, to fa... Read >
Author: Bala

Health Insurance: Your Key to a Safer and Happier Life

Health insurance has emerged as one of the most important forms of financial security in recent times. However, a number of people do not give it the importance it deserves. In most cases, people think about health insurance only when they or someone clos... Read >
Author: Fanatixpower

Choosing the Best Tax Mutual Funds for Savings

Tax mutual saving funds are those that provide tax benefits under the section 80C of the income tax act. Tax mutual fund assists in diversification of the investments and cannot be easily liquidated. One of the biggest advantages of these is that upon inv... Read >
Author: R Govindan

Utilize Your Money With Efficient Tax Planning Options

One of the prime concerns of the salaried and corporates is the taxation procedure. However, one cannot completely avoid this liability, through several deductions and exemption policies by the Indian Income Tax Act or the Section 80C or 80D can help you ... Read >
Author: Aditi

Loan special Home loan tax implications

Both the principal and the interest components of home loans offer attractive tax benefits Availing a home loan does not just make you the owner of a house, it also brings with it attractive tax benefits. Under section 80C of the Income Tax Act, i... Read >
Author: zameensapna

Life Insurance is Covered Under Tax Exemption - What About Vehicle?

Health insurance is covered to provide you compensation to your family incase you were to fall sick or die in a mishap or die naturally. It will also cover medical expenses, medication, operation or other hospital charges. It usually costs you more than e... Read >
Author: Arush Keerthi

EPCH makes its pre-Budget recommendations

In its pre-Budget recommendations, the Export Promotion Council for Handicrafts (EPCH) demanded a series of measures including service tax exemption for exporters, export promotion councils and other export bodies with a view to stimulate the handicrafts ... Read >
Author: David Parks

TAX DEDUCTION ON INTEREST MAKES HOME LOAN CHEAPER

Ashish Gupta outlines some of the conditions and provisions that make you eligible for a tax deduction on the home loan interest you pay Under the Income Tax Act, interest paid on a home loan is deductible from your total income, provided the conditions ... Read >
Author: zameensapna

HOME LOANS | Advantages of Joint Ownership

There are many advantages of taking a home loan in joint name. There are tax benefits, joint benefits etc. Tax benefit: If the owned property is being used for living, the annual value of the said property is deemed to be nil. Moreover, you could clai... Read >
Author: Deal4Loan

TAX DEDUCTION ON HRA — ASHISH GUPTA

Employees generally receive a house rent allowance (HRA) from their employers. This is a part of the salary package. HRA is given to meet the cost of a rented house taken by the employee for his or her stay. The Income Tax Act allows for deduction in re... Read >
Author: santoshbaranwal

GOT A SECOND HOME? KNOW YOUR TAX GAINS TOO

Shelter is one of the basic human needs and buying a house is generally every household's dream. These days, keeping in view the rise in income levels, households also look at the option of investing in more than one house property. People buy a second ... Read >
Author: santoshbaranwal

AVAIL TAX BENEFITS WITH JOINT OWNERSHIP

Tax benefits on home loans have turned out to be an important aspect of home buying. Here's how you can benefit from the same TAX BREAKS For self-occupied house property, the annual value of the house property is considered to be nil. Furthe... Read >
Author: Real estate

Conversion Of Existing Firms-Limited Liability Partnerships - Various Aspects

Parmod K. Bansal The entire world is gradually drifting towards one global market without any trade barriers between the countries. A small organi­zation led by few partners cannot think of growth on large scale without corporatising itself. Limited L... Read >
Author: Taxmannlaw

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