At the 33rd GST council meeting held in late February 2019, input tax credit was recently removed in case of residential real estate transactions. The new lower GST rates for under construction residential property purchases are 1% GST in case of affordable housing residential transactions (from 8% earlier) and 5% GST in case of residential…
Credit cards can be a great addition to your wallet but only if used wisely. Reckless use of your credit can result in a debt spiral that can ruin your budget and eat into all your future income. However, credit card debt is not a life sentence. There are multiple ways how you can get…
As per the latest communication shared by the income tax department, eligible tax refunds will be only issued digitally. Further, tax refunds will be made only to the bank accounts which are linked with PAN. The new guidelines regarding the tax refunds will be effective from March 1, 2019. E-refund of income tax means…
Note: PAN cardholders now have to pay Rs. 1,000 to link their PAN with Aadhaar and the last date to link PAN with Aadhaar is 30th June 2023. The Central Board of Direct Taxation (CBDT) has reiterated that Aadhaar-PAN linkage is mandatory for tax filing and the deadline for linking is the 30th June 2021. This follows…
A credit card can prove to be really beneficial and useful tool if used responsibly. The security features that credit cards are decked with nowadays make them much more secure then carrying regular cash. Once you get a credit card and start making good use of it, the next question is whether you should get…
As per various media reports, the revenue department is set to put a mechanism soon to ensure that all eligible tax refunds are issued within 24 hours of time frame. Revenue secretary Ajay Bhushan Pandey has shared with the media that within 2 years of time, the income tax department, will start processing income…
