We love discounts, freebies, and gift hampers.  Yes or No? Earlier, we were looking forward to a Discount sale which used to happen on certain occasions or annually. Gone are those days thanks to online portals/platforms. You can browse 24/7, 365 days, and find discounts on each and every product. …

YouTube, Facebook, Instagram, or any other media content gives us a lot of knowledge. For some people, maybe enlightenment! It is, indeed, helpful. Having said that, I find a few disadvantages also. If you are a singer, dancer, actor, or artist, by watching hundreds of videos on social media, you …

Are you an Employee contributing to the Employee Provident Fund (EPF) or General Provident Fund (GPF)? Then you must know the recent changes in the Tax Rules which are applicable from 1st April 2021. Good news – First – For now, there is no change in the tax rules concerning …

Benami is a familiar term. We, the middle-class Indians are born cursing politicians and bureaucrats who own Benami properties, isn’t it? It’s time to know more about Mr. Benamidar, the different shades of Benami Transactions as per The Prohibition of Benami Property Transactions Act! Benami covers both movable and immovable …

RoDTEP stands for Remission of Duties and Taxes on Exported Products. It is a benefit scheme for exporters. Are you an exporter of Goods from India? If YES, are you in the pharmaceuticals, chemical, steel, or textile industries? If you are an exporter (around 8555 tariff items), but not in …

Mr. Ramakrishna aged 52 years, expired in June this year due to Covid. He is survived by his wife, 2 kids (one of them is over 18 years), and aged parents. He has left an Insurance Policy of Rs.2 Crores, Bank Deposits worth Rs.75 Lakhs, Mutual Funds and Shares worth …

A unicorn is a startup private company that has a valuation of over $1 Billion. In Indian rupees (at Rs.74/USD), a valuation of over Rs.7400 Crores. There are more than 700 unicorns across the globe and as of date, India has 52 unicorns. I was curious to know the meaning …

This is a rudimentary question, but most frequently tossed to us by the taxpayers. Here is the answer to all such queries. What is Income Tax Return (ITR)? Income Tax Return (ITR) is a document wherein any person informs the Government about his total income during the previous year (1st …

Mr. Shah wins Rs.1 Crore in KBC TV Show; Anchor cuts the cheque or says the amount is instantly transferred to his bank account (to promote digital pay)! Mr. Rahim wins a Car through a lucky draw from a leading Appliances distributor; you see his pic with the car in …

Certain taxpayers have lost their life due to Covid-19. Employers and well-wishers of such taxpayers extended financial assistance to their family members so that they could cope with the difficulties faced due to the sudden loss of the earning member of their family. Here is a case – One of …