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CBDT clarification on ULIP said no new rules in the notification – Business News India

of central government Budget In 2021, the Central Board of Direct Taxes (CBDT) has given a fresh clarification on the tax regime on Unit Linked Insurance Plans ie ULIPs. The department says that this new notification has been issued to remove the earlier ambiguities. So that taxpayers can get comprehensive information about this system. According …

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Income tax liability remains even after PPF, life insurance and home loan, then take double rebate on parent’s insurance

Generally, the common man saves income tax through savings scheme, Public Provident Fund (PPF), life insurance and home loan. If even after this the liability of income tax remains, then saving in tax by giving gifts to the parents.

Keep these things in mind while withdrawing from mutual funds, do not sell fearing a fall in the market

Mutual funds are a great option to start saving with a small amount. Along with this, it also gives the facility of investing in the stock market with low risk. But while withdrawing investment from it your financial goals and… .

Combined Home Loan: High tax savings but default in EMI can be a problem for both

It is easier to take a loan (Joint Home Loan) to buy a house together with the spouse or close relative of the family. It has many benefits with more tax savings, but any default in payment of EMI….

A good credit score is necessary to take a cheap and easy loan, but insurance will not be available if it is bad

A good credit score is very important to get cheap and easy loans. If it is less or worse then the bank can deny you the loan. But recently the Reserve Bank of India has recently…

Check income tax refund status like this, income tax department released Rs 1.50 lakh crore

The Income Tax Department has so far issued tax refunds worth Rs 1.50 lakh crore in the current financial year. The department gave this information on Wednesday. Out of this, 1.1 crore refunds amounting to Rs 21,323.55 crore are for assessment year 2021-22.

You still have a chance to file ITR, know how

There is no need to worry even if you have not been able to file Income Tax Return by 31st December 2021. You still have a chance under the amendment to the Finance Act, 2017. Late returns though….

Tax advice: In case of not taking health insurance for elderly parents, you will get the benefit of tax exemption

If you have not taken health insurance of elderly parents and make some annual expenditure on their medical facilities, then you can also get tax exemption by showing this expenditure in section 80-D of Income Tax. Income Tax Act….

itr e filing If your income is more than rs 250000 then definitely fill ITR or else you may have to bear the loss – Business News India

If your total annual income is more than 2.5 lakhs, then you must file income tax return by 31st December 2021, otherwise you may have to face many problems. CA Ajay Bagdia explains that not filing ITR by the stipulated date may not only result in penalty, you may have to bear many other losses. …

itr e filing If your income is more than rs 250000 then definitely fill ITR or else you may have to bear the loss – Business News India Read More »

ICICI Prudential Launches Passive Multi-Asset Fund; Invest in ETFs with Equity, Debt, Gold and International Passive Funds

ICICI Prudential Mutual Fund has launched ICICI Prudential Passive Multi-Asset Fund of Funds. The fund will invest in Equity, Debt, Gold and International Passive Funds as well as ETFs. Plan… .