IJT Team 
0 Views 40 Considered as one of the biggest tax reforms, the introduction and eventual implementation of the Goods and Services Tax in July 2017 has indeed been a game-changer. Promoted under the motto “One Nation, One Tax”, it aims to simplify the levying of indirect taxes imposed on goods and services by subsuming those … Read more Looking at 5 Benefits of GST Registration for Your Business
0 Views 6 Post pandemic, the preferences of homebuyers are changing. As the acceptance for work from home gone up, many people are exploring options outside the crowded cities. Consequently, the demand for plots and plotted developments have gone up, as some people are preferring standalone houses against apartments in societies. As per an Anarock … Read more EVALUATE THESE PROS AND CONS BEFORE BUYING A PLOT.
0 Views 11 Income tax return forms are tweaked almost every year to ease the process and improve compliance. If you are thinking of filing your income tax returns (ITR) now to avoid the last-minute rush, it’s a sensible thing to do. The last date for filing ITR has been extended to 31 December 2020. … Read more SIX CHANGES IN FY20 ITR FORMS THAT YOU SHOULD KNOW ABOUT.
0 Views 14 The country’s largest bank, the State Bank of India (SBI), is e-auctioning at least 1000 residential properties, belonging to borrowers who defaulted on their loans, starting 30 September through October. The properties to be auctioned included open plots, residential, industrial, and commercial units across the country. Bank property auctions, typically, generate huge … Read more THREE THINGS TO ASK BEFORE YOU BUY A HOUSE IN A BANK AUCTION.
0 Views 10 In the recent ongoing scrutiny assessments for financial year 2016-17, one of the main items of verification, particularly in cases of individual taxpayers, has been that of the source of cash deposited by taxpayers in their bank accounts. The rationale for this is the fact that large cash deposits were made during … Read more HOW YOU CAN PROVE SOURCE OF CASH DEPOSITS TO ESCAPE INCOME TAX SCRUTINY?
0 Views 8 You end up using your Permanent Account Number (PAN) often, but do you know why it’s issued by the tax department? PAN enables the department to identify all the transactions of a tax assessee, including income earned, tax deducted and paid, tax returns and other specified transactions. It is mandatory for individuals … Read more WHY DOES THE TAX DEPARTMENT ISSUE PAN FOR ALL TAXPAYERS?
0 Views 3 Most people have multiple loans. As a result, the equated monthly instalment (EMI) outgo accounts for a major portion of our monthly expenditure, especially for those who have a home loan. And still, few of us take out the time to understand how banks arrive at the EMI number. We tell you … Read more HOW BANKS CALCULATE YOUR HOME LOAN’S EQUATED MONTHLY INSTALMENT?
0 Views 3 Transmission is the process of transferring the assets held by an individual to their legal heirs in the event of their death. The treatment of different securities such as shares, bonds and debentures, units of mutual funds and others in a demat account will depend upon how the account was held. If … Read more HOW OWNERSHIP OF SECURITIES HELD IN DEMAT FORM IS TRANSMITTED AFTER ACCOUNT HOLDER DIES.
0 Views 3 If you’ve recently taken an Ola ride, you must’ve noticed the “ride insurance” option at just ₹2 at the time of booking, or if you bought a mobile phone through Flipkart, you may have had the option of buying a mobile insurance starting at just ₹99. These are only a few examples … Read more SHOULD YOU GO FOR THE ₹2 COVER THAT COMES WITH YOUR OLA RIDE?
0 Views 3 Imagine you are at a place where there is limited or no internet coverage, and you need to do some banking transactions urgently. If your number is registered for mobile banking services with your bank, you can carry out financial transactions by simply dialing *99# from any feature phone. What is it? … Read more YOU CAN TRANSFER FUNDS FROM YOUR PHONE WITHOUT INTERNET CONNECTION.
