Overview: FDs are a popular choice for their safety and steady returns. But there’s a tax called TDS (Tax Deducted at Source) that you need to be aware of. This quick guide explains how TDS works with NRI FDs. Understanding TDS on NRI FD Interest TDS on NRI FD Interest refers to the tax deducted […]
Bonds offer investors a way to lend money to governments or companies in exchange for regular interest payments and the return on their initial investment at maturity. While bonds can be a valuable addition to any investment portfolio, it’s crucial to understand how taxes affect your earnings from them. Let’s dive into the world of […]
Navigating income tax regulations can often feel like deciphering a complex puzzle, especially for salaried individuals. Amidst the myriad of provisions, Section 17 of the Income Tax Act, 1961, stands out as a fundamental cornerstone. This section defines the scope of “salary” for tax purposes and lays the groundwork for understanding potential exemptions. Let’s delve […]
Navigating India’s tax system can be daunting, especially when understanding Income from Other Sources. This category encompasses various earnings that don’t neatly fit into predefined tax brackets like Salary, House Property, Business/Profession, or Capital Gains. In this guide, we’ll delve into the intricacies of Income from Other Sources, shedding light on its components, taxation intricacies, […]
The intricacies of the Indian Income Tax Act 1961 bring forth numerous provisions aimed at providing taxpayers with avenues to optimise their financial planning. Section 80EEA is one such provision introduced to furnish an extra deduction on home loan interest, specifically tailored for first-time homebuyers venturing into affordable housing. This in-depth guide aims to unravel […]
In the ever-evolving realm of finance, where economic landscapes fluctuate, it’s crucial to understand tools to aid tax optimisation. One such tool is the Cost Inflation Index (CII). In this comprehensive guide, we’ll unravel the CII’s intricacies, exploring its definition, calculation, purpose, and pivotal role in minimising tax liabilities for investors. What is the Cost […]
Fixed Deposits (FDs) are like safe harbors for your money, offering stability and guaranteed returns in India. But, there’s a hidden challenge: understanding and dealing with Tax Deducted at Source (TDS) on FD interest. In this straightforward guide, we’ll break down the complexity, helping you make the most of your FD returns while keeping tax […]
