Tax Benefits On Self Employment In India

India has a well developed tax structure, wherein the authority is clearly segregated the Central and State Governments and Local bodies. Central government has the authority to levy taxes on income. Self employment tax (SET) is the tax primarily levied upon individuals who work for themselves – self-employed people i.e., the people engaged in business or commercial activity of some …

Read More »

What Is A Tariff?

A tariff is a tax levied on imports or exports or you can say tariff is a tax imposed on imported goods. The word is derived from the Arabic word taārif, meaning ‘fees to be paid’. It adds to the cost of imported goods and is one of several trade policies that a country can enact. Every country has separate …

Read More »

An Overview Of Private Equity Investments & Funds

Private Equity in finance, is an asset class consisting of equity securities that are not publicly traded on a stock exchange. Here investors make investments directly into private companies or conduct buyouts of public companies that result in a delisting of public equity. Capital for private equity is raised from very wealthy individuals and institutional investors who commit large sums …

Read More »

Indian Budget 2011 Highlights

Finance Minister has started presenting his sixth Budget in the Lok Sabha. The Highlights of the federal budget 2011 are follows:- Highlights Service tax to cover hotel accommodation above Rs 1,000 per day, A/C restaurants serving liquor. Air-conditioned hospitals with more than 25 beds come under service tax regime. More services to will come into service tax net. Ship owners …

Read More »

Difference Between Copyright, Trademark & Patent

Some people confuse between patents, copyrights and trademarks. These are three main types of intellectual property protections which have some similarities among each other, but each type is used for a specific type of work and serve different purpose. Copyright Copyright is a form of protection provided to the authors for there original work. It includes Literature, dramatic, musical, artistic …

Read More »

What Is Wash Trading In Stock Market?

Wash Trading is an illegal form of stock manipulation in which an investor simultaneously sells and buys shares in order to artificially increase trading volume and thus the stock price. It is an unethical practice designed to make it appear that a purchase and sale has occurred even though no change in ownership occurred. It is considered to be highly …

Read More »

DTC : Direct Tax Code

The DTC is direct tax code, it  is said to replace the existing Income Tax Act, 1961. The Government had announced its intention to introduce a revised and simplified Income tax Bill. If approved, the DTC shall come into force from April 1, 2012, and shall be applicable for the financial year 2012-13. The new tax code would be a vast …

Read More »

High Risk Life Insurance Policy

High-risk life insurance is a type of life insurance coverage that provides benefits to individuals who do not qualify for other types of life insurance plans. It especially provide coverage to people in apparently dangerous occupations which includes careers like flying instructors, racing car drivers and salvage divers etc.. It takes into account also those who have existing illnesses that …

Read More »

Tips & Techniques For Tax Savings In India

Money Saving Tips

Are you looking for some useful tips & online resources which can help you to save your hard earned money. There are different ways to save your tax and save a lot of money. There are lots of financial schemes available in India which provides you guaranteed returns, high interest rates, tax savings under various sections of Indian Income Tax …

Read More »

How Term Insurance Is Better Than Permanent/Whole Life Insurance?

Before taking life insurance its better to understand the difference between term insurance and other types of policies. Term insurance is the original form of insurance which is also known as term life insurance. Term insurance is a type of life insurance policy that provides coverage for a specified period of time. It only provides coverage against death and do …

Read More »

What Are The Advantages & Disadvantages Of Triple Net Lease?

A triple net lease is a type of commercial leasing agreement on the property in which the lessee has agreed to pays taxes, insurance, and maintenance in addition to the rent. The lessee has to pay the net amount of  three types of costs ‘Net Real Estates Taxes’, ‘Net Building Insurance’ and ‘Net Common Area Maintenance’ which how this term …

Read More »

Check Your Form 26AS For TDS & TCS Tax Credit

Form 26AS is a consolidated tax statement that each Pan card holder can view at ITR e-Filling website. To view the tax statement, assessee needs to register on ITR e-filling website with there Pan card number and can view Tax Credit Statement(Form 26AS). It is an annual Tax statement regularly updated by income tax department. It allows tax payers to …

Read More »

What Is An Ad Valorem Tax?

Ad Valorem, term is derived from the Latin word, meaning “according to value”. An Ad Valorem denotes a tax, duty, fee or commission that is calculated as a percentage of the sales price or value. An Ad Valorem tax is a tax based on the assessed value of real estate or personal property or a specific item. In other words …

Read More »

Who Are Actuaries?

An actuary is a business professional who basically deals with the financial impact of risk and uncertainties. Actuaries provide expert assessments and advice of financial security systems, with a focus on their complexity. Actuaries assess risk with there knowledge of statistics, finance actuary, finanand business and help create policies for businesses and clients that minimize the cost of that risk. …

Read More »

DIN : A Unique Number For Taxation Purpose

The Income Tax (IT) department has come up with an additional identification number i.e DIN for tax payers after PAN Card. DIN is Document Identification Number, it is an another identification number that income tax department has introduced for tax payers. The DIN has been introduced through the guidelines issues by the Central Board of Direct Taxes (CBDT). Income tax …

Read More »