How to save tax on long-term capital gains?
Long-term capital gains are chargeable to income tax @ 20%. There is no minimum exemption limit prescribed so the entire amount of capital gains will qualify
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What is Level Term Insurance?
One of the most common and basic forms of term life insurance available to customers are level term...
Read More...What are the three types of financial plans?
Finance planning is one of the most important but often neglected activities in a working...
Read More...Types of Allowances in India: Taxable and Non Taxable Allowance 2022-23
Any monetary benefit offered by the employer to its employees for meeting expenditures, over and...
Read More...What is a tax audit and to whom is it applicable?
The term ‘audit’ refers to a check, review, verification or inspection of a record, transaction, account etc. A tax audit is the process of verification and inspection of the accounts of a taxpayer to confirm their adherence to the provisions of the Income Tax law.
Read More...What are the tax implications of perquisites received from employers?
Perquisites are benefits distinct from wages and salaries that one receives due to employment. Section 17 of the Income Tax Act deals with perquisites.
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Different Types Of Life Insurance In India
Introduction: Life insurance is an essential financial tool that provides protection and financial...
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