What is the Presumptive Taxation Scheme?
Wondering what the Presumptive Taxation Scheme is? It is actually a tax scheme where you need to presume your taxable income for the next year. Yes, you read that right – you will have to presume. Let’s understand this scheme in depth. This post will…
Sovereign Gold Bond: What are the Tax Implications on SGBs?
Understanding the tax implications of investing in Sovereign Gold Bonds (SGBs) is crucial for investors seeking to optimize their financial strategies. Introduced by the Government of India, SGBs provide a unique investment avenue with features that may have implications on taxation. This exploration delves into…
Why You Should Pay Your Federal Taxes With Your Credit Card
Once again, it’s that time of the year when tax season approaches, and if you’re similar to the majority of individuals, you likely feel apprehensive about the idea of writing a check to the government. However, what if I informed you that there’s an opportunity…
Equity Linked Saving Schemes (ELSS): Everything you need to know
Equity Linked Saving Schemes (ELSS) are a type of mutual fund investment that offer tax benefits to investors in India. They are designed to provide both capital appreciation and tax savings. ELSS funds invest a major portion of their corpus in equity and equity-related securities…
Relieve Interest Burden from Home Loans
It’s a dream come true for anyone to own their own home. The Indian government has always been willing to allow people to invest in a home. Therefore, under Section 80C, a house loan is entitled to a tax deduction. So when you buy a…