Introduction A white paper is the first document researchers should read to better understand a core concept or idea. A whitepaper is a persuasive, authoritative, […]
Category: Tax Planning
Tax Planning
Money Purchase Pension Plans – Definition, Pros & Cons, Termination, Disclosure
Introduction Money Purchase Pension Plans are the retirement plans provided by the employers to the employees, where some amount of the salary is transferred into […]
Indian Government Revenue
Introduction Government revenue is the money that is received by the government in form of taxes, other fees, fines, and other nontaxable sources. Indian government […]
Taxes Collected by Central Government – Definition, Types
Introduction In India, taxes are collected by the central and state government as per the Constitution of India. Tax is a source of income for […]
80ccc Pension Plan
Introduction Section 80CCC provides tax deductions on buying a new policy or continuing a policy that pays a pension. Applicable for taxpayers who have deposited […]
Capital Gains Tax on Inherited Property
Capital gains tax on inherited property arises when the receiver of such property sells it. On receiving an inherited property, no capital gains tax applies […]
Capital Gains Exemption
Profits arising from the transfer of capital assets like equity shares, immovable property, etc., are known as capital gains. There are two types of capital […]
Alternative Minimum Tax in India
The government charges alternative minimum tax (AMT) in India at 18.5% + 15% surcharge + 4% health and education cess. The alternative minimum tax is […]
Short-Term Capital Gains Tax on Shares
Capital gains are profits arising out of the transfer of capital assets like securities, units of mutual funds, immovable property, precious stones, goodwill, etc. Gains […]
44AD of the Income Tax Act – Definitions, Importance, uses
Section 44AD of the income tax act is about a presumptive taxation scheme. As per the income tax act, a person carrying out a business […]