A loan against property is an excellent example of a mortgage loan other than home loans, home construction loans, loans against land, etc. Is mortgage loan interest tax deductible in India? Both home loans and loans against properties offer tax exemptions. The Indian Government has introduced various schemes and the Income Tax Act for the benefit of every loan borrower. Must Read : Where Can … Continue reading Is Mortgage Loan Interest Tax Deductible in India? Check out to know how
Businesses with an annual turnover of more than Rs. 40 Lakh and Rs. 20 Lakh for north-eastern and hilly states have to file GST mandatorily. They have to obtain a GSTIN, a 15-digit alphanumeric code required for filing returns. There are various goods and service tax forms that taxpayers have to fill depending on their income. Entities with an annual turnover of up to Rs. … Continue reading What is GST Tax Returns Filing In India?
The Goods and Services Tax (GST) came into effect back in 1st July 2017 although the reform for a new taxation system began in 1958. GST’s rollout got delayed due to multiple changes of power within the central government. There were various GST advantages and disadvantages when it was finally implemented that divided the general public’s opinion of this new tax regime. One of the … Continue reading Here are Top Pros and Cons Of GST Tax In India