Yes, ELSS comes under 80C but if you haven't exhausted the limit, you can invest in ELSS, they are giving good returns. Also if you need any personal advice you may DM me
It's quite flexible as you can open savings and current account as well, but if you aren't engaged in high withdrawals, then i would recommend you that open savings a/c
Yes provided no higher amount of penalty due to prepayment. If you're able to save 5-6 lacs by payment of 1 lakh penalty then i must say go for it and also it won't impact your CIBIL score
DCB Bank: This bank provides interest rates of up to eight per cent on savings accounts, making it the top choice among private banks in terms of interest rates. The minimum balance requirement ranges from ₹2,500 to ₹5,000.
DCB Bank: This bank provides interest rates of up to eight per cent on savings accounts, making it the top choice among private banks in terms of interest rates. The minimum balance requirement ranges from ₹2,500 to ₹5,000.
Well done, quite exhaustive list. Covered various deductions of Chapter VI-A. HRA is quite ellborative, for which one should use HRA CALCULATOR in google.
Currently your tax is 45864/-.
Claim traveling or daily allowance.
Claim HRA u/s 10(13A)
Purchase EV, can get deduction upto 150000 of int on loan taken
Mediclaim insurance, 25000 for yourself and 25000 for parents ( if senior citizen then 50000)
If you do not have HRA component then claim...
Well instead of questioning here, go and talk to a CA, he'll tell you the exact scenario on thr basis of projected FSS or current FSS whether to register for GST or not because it's not a common business, it's a business where your client is govt, so no non compliance must be made
Also the penalty demanded can not be paid in cash under GST ACT, 2017. YOU'LL HAVE TO PAY BY CHALLAN & FROM CASH LEDGER OF YOUR GST PORTAL. NO GST OR INCOME TAX act ask you to pay the penalty or fee or late fee by cash... it's strictly prohibited.
Hello, being a CA final student, I've already worked with GST and GST department in UP, Kanpur. First of all no Assessing officer or other officers of GST enter your business premise without any prior notice. You must look to the notice served on your GST portal under service>>my notice tab. If...
The Income Tax Act, 1961.
As the name suggests, tax is collected on income we've earned not on the savings left after spending. Well, people think that tax should be charged on the net savings left and not on net income and condemn the current model of income tax, as already salaried individuals...
Being a CA student, we are made to work for 13-14 hrs and in return we get little pennies in form of stipend. Despite of small amount of savings, I've invested in buying physical gold which I would require anyway in marriage, sovereign gold bonds 2025, one time SIP investment so that i can avail...
Buying a house may toll on your mental and financial health but the long term benefits can't be ignored.
1. It gives you a sense of achievement and a security in your back head.
2. Even if you're laid off from a job, you have your own land or house to work upon. Suppose you can start a small...
Hello team, I am Ria Sachan, CA FINAL student ( qualified CA FINAL GROUP 1), I shall cater to great financial advice on Income tax, GST and portfolio management.
Hello everyone,
I am Ria Sachan, currently a CA FINAL student struggling with my burden of failures and thriving everyday to “restart".
I am considered as a rock to my family(my mother says so) because I've managed my family problems, CA studies, worst articleship experience single handedly...