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Income Tax

How to claim a tax credit on the foreign income of a re...

How to claim a tax credit on the foreign income of a resident

Do you have some income you earned abroad in this financial year? You would have paid tax outside India on such foreign income. If you are an Indian reside...

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Income Tax

Income Tax on Digital, Physical and Paper Gold in India...

Income Tax on Digital, Physical and Paper Gold in India

The practice of investing in gold is fairly common. Depending on their financial objectives, people invest money in various types of gold. The earliest typ...

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Act Income Tax

Section 80GG of Income Tax Act and Deductions in Respec...

Section 80GG of Income Tax Act and Deductions in Respect of Rent Paid, Conditions & Eligibility

Section 80GG is a provision under Chapter VI-A of the Income Tax Act 1961. It provides tax reprieve to those who do not avail of house rent allowance. To b...

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Saving Schemes

Key Highlights in Transferring Your EPF Balance to NPS...

Key Highlights in Transferring Your EPF Balance to NPS

The Employees' Provident Fund Scheme (EPF) was first introduced in India in the year 1952. It is a retirement benefits scheme which requires both the emplo...

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GST

GSTR-5A: GST for Non-Resident OIDAR Service Providers...

GSTR-5A: GST for Non-Resident OIDAR Service Providers

In the era of globalization, trade is not bound by the national precincts. Technology has helped businesses to transverse the borders of their own country,...

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GST

Restaurants under the GST Composition Scheme

estaurants under the GST Composition Scheme

The GST composition plan is a method of paying taxes available to small enterprises. The composite scheme offers two key advantages over standard GST filin...

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GST

Margin scheme under G.S.T

Margin scheme under G.S.T

G.S.T. is levied on the transaction value, which refers to the price that is paid or due for goods and services. However, under this scheme, the G.S.T. is...

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Income Tax

When and How to Pay Income Tax on Fixed Deposit’s Int...

When and How to Pay Income Tax on Fixed Deposit’s Interest Income

Income Tax is that form of Direct Tax imposed by the government on the annual Income either generated by Individuals or business entities. A share is calcu...

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