Income Tax Exemption on Gifts from Parents & Relatives in India | 2017-18

Income Tax Exemption on Gifts from Parents & Relatives in India | 2017-18 Gifting somebody is a common norm followed since prehistoric ages. Till date, gifting is considered a healthy and courteous habit. It is a way of expressing your gratitude. In this article, we will talk about income tax which is applicable to these high priced … Continue reading “Income Tax Exemption on Gifts from Parents & Relatives in India | 2017-18”

GST could soon be in for the most comprehensive tweak since its launch

NEW DELHI: The all-powerful GST Council may consider lowering tax rates on a host of goods such as handmade furniture, plastic products and daily use items like shampoo, and simplify return filing rules in its meeting this week. The Council, headed by finance minister Arun Jaitley, is scheduled to meet on November 10 to consider lowering … Continue reading “GST could soon be in for the most comprehensive tweak since its launch”

NPS Joining Age Increased: 10 Things To Know About Latest NPS Rules

Pension regulator PFRDA (Pension Fund Regulatory and Development Authority) has increased the maximum age for joining NPS (National Pension Scheme) to 65, from 60 earlier. This will help more people get pension coverage. Opening of an NPS account has also been made easy. It can be done online. After the latest change, any Indian Citizen, … Continue reading “NPS Joining Age Increased: 10 Things To Know About Latest NPS Rules”

GST council meet Here’s what got cheaper and other major announcements

The GST council today announced major cuts in taxes of various items and announced various measures to support exporters and small businesses, three months after the new taxation system was launched. “It’s almost three months since GST roll out..returns have been filed for first two months as well. So it was a time to deliberate … Continue reading “GST council meet Here’s what got cheaper and other major announcements”