Partnership with Anand Rathi Wealth Management

Our Partnership with Anand Rathi Wealth Management   We are happy to announce our partnership with Anand Rathi Wealth Management. The service offerings by both of our companies are very complementary and we will be at your side to support you in your journey to create Wealth. Anand Rathi Anand Rathi is a leading full […]

TDS on Sale of Property

Tax Advisor view – TDS on Sale of Property In July 2018, Shayna sold a property in Mumbai. Shayna is 26 years old and works as a freelancer consultant for Graphics Design. She did not know about payment of TDS on sale of Property at the time of sale. Also, even the buyer was unaware […]

CA Elections to WIRC Mumbai 2018

CA Elections to WIRC Mumbai 2018 Next Elections to the Council and Regional Councils are scheduled to be held on 7th and 8th December, 2018 in cities having 2500 or more members and on 8th December, 2018 in other cities/towns. The counting of votes for election to the Twenty Fourth Council from Western India Regional Constituency […]

Deduction for the rent paid

Deduction for the rent paid If you are a self employed person or a salaried person who does not receive HRA, you can still get deduction for the rent paid on the house. This deduction can be availed even if you are staying with your parents, however there are certain conditions attached that should be […]

Mutual Fund fees cut by SEBI

Mutual Fund fees cut by SEBI SEBI has cut mutual fund fees, which is very good news for small investors. This was one of the main news to emerge from the SEBI Board Meeting Press Release that was sent out earlier by the Regulator. While this is a Press Release of the Board Meeting and […]

Tax treatment of lump sum rent

Tax treatment of lump sum rent   One user asked me on Quora – What is the tax treatment of lump sum rent for 2 years received by me from the builder in lieu of temporary accommodation during the time of renovation? Is this a revenue receipt and chargeable to tax or a capital receipt? […]

Get a better deal for your life insurance

How to Get a better deal for your life insurance? Get a better deal for your life cover than your life insurance company’s surrender value. We buys policies, offering a better deal than the surrender value offered by life insurers. Additionally, we will continue to provide the benefit of a life cover to the policyholder. Contact […]

Foreign income of visiting NRI is not taxable: ITAT

Foreign income of visiting NRI is not taxable: ITAT Income-Tax Appellate Tribunal (ITAT) has recently upheld that the benefit of “extended stay” for determining the tax residential status is available to a citizen of India or a Person of Indian Origin (PIO) who visits the country during a particular year. The taxability of an individual […]

Undisclosed foreign assets need to worry

Those with undisclosed foreign assets have reason to worry as the income tax department has decided to tap data available with it and tally it with tax returns as it plans to tighten the screws on evaders. Over the last 18 months or so, officers have been tracking those who made large deposits in banks […]

Chartered Accountant Salary

Chartered Accountant Salary A Chartered Accountant Salary somewhat depends on the level of knowledge he / she possess, additional qualifications such as CS, CPA, CFA, etc and in some cases little bit of approach. It varies depending on the articleship done. Further, it also depends where do you get the job, whether in a CA […]