The notorious Inheritance Tax was a crude mechanism solely aimed for the asset transfer from the dead to the eligible living to let down the disparity of injustice and inequality amongst families or government. In India it was applied by the British on 1953 while it was withdrawn by the Rajiv Gandhi Government on 1985. …
What is Inheritance Tax in India ? Example, Works and Benefits Read More »
The two main ways that governments raise money to pay for public goods and services are through direct and indirect taxes. Although they both aim to fund the government, they are very different in terms of how they are used, how often they occur, and how they affect the economy. Direct taxes are imposed directly …
We already know filing an ITR for income tax return is a prerequisite for individuals eligible under the income tax slab. However, there can be other more benefits than recording your income & expense in the government portal that the taxpayers get. Filing an ITR gives impeccable tax deductions for some individuals, which ultimately make …
How do I File an ITR File? A Comprehensive Guide! Read More »
It’s assumed that you haven’t been handling your taxes properly if you believe you’ve been paying a significant portion of your income in taxes. There are various strategies for lowering your tax burden that offer tax deductions and other benefits. Section 80C, Section 80CCC, and Section 80CCD deductions are some of the most practical strategies …
