Digital Certificate

What is Digital Certificate? A Digital Signature Certificate (DSC) is a secure digital key that certifies the identity of the holder, issued by a Certifying Authority (CA). It typically contains your identity (name, email, country, APNIC account name and your public key). Digital Certificates use Public Key Infrastructure meaning data that has been digitally signed or encrypted by a private key can only be decrypted by its corresponding...

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Mutual Funds

  Invest in mutual funds starting as low as ₹500   We do the research for you and offer only the best equity funds in India   Equity funds offer high returns at lower risk compared to stock market   Suggested investment horizon of 5 years to reap the market-beating returns of these funds   Equity funds invest in shares of companies based on market value. Invest in large, mid or small cap funds based on your...

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Services Supplied to Nepal and Bhutan: GST Applicable or Not?

When services are supplied to Nepal or Bhutan, all of the above conditions can be satisfied, except the condition ‘The payment for the service has been received by the supplier in convertible foreign exchange’. In Nepal and Bhutan, there can be scenarios where the payment for the service is received in Indian Rupees. In such cases, will supply of the service to Nepal or Bhutan under GST be considered as export and hence, be zero rated, or will...

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Penalty on late filing of ITR and other tax changes effective from 1st April 2018

Taxpayers who do not file their income tax returns (ITRs) on time will have to shell out a penalty of up to Rs10,000, but from the 2018-19 Assessment Year (AY). “In order to ensure that return is filed within due date, it is proposed to insert a new section 234F in the Act (I-T Act) to provide that a fee for delay in furnishing of return shall be levied for assessment year 2018-19 and onwards in a case where the return is not filed within...

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Know about Sahaj (ITR-1) – Income Tax Return filing

Recently, the Central Board of Direct Taxes (CBDT) notified the launch and use of new income tax return filing forms, named as Sahaj for the fiscal year of 2017-18. This is by far the easiest single page form to have ever been launched for IT return filing purposes. This form is aptly named as Sahaj (ITR 1), which has been introduced for individual assessees with an annual income for this financial year of about INR 50 Lakhs subject to...

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Tax Deduction on LIC Premium u/s 80C of the I T Act.

Life Insurance Plans are very popular as a tool to get deduction u/s 80C of the I T Act. 1. The investment in life insurance can be deducted up to Rs 1,50,000. It a common perception that Premium Paid all Life Insurance Policies qualifies for deduction under section 80C of the Income Tax Act,1961 and full premium amount qualifies for deduction under section 80C . Apart from several other items provided under section 80C, a taxpayer, being...

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Union Budget - 2018

Budget 2018 : Key Highlights Individuals and salaried class Personal income tax slab rates remains the same. Introduction of Standard deduction of Rs 40,000 for the salaried class (replacing the transport allowance and the miscellaneous medical Reimbursement). ...

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