From the time you were born, your parents have been your support system. They bore the responsibility of bringing you up, giving you a good lifestyle and ensure you get quality education to secure your…
What is section 80C and section 10D for…
There are various options available for making investment. But as a taxpayer, we always try to find an option that helps to save our taxes and at the same time gives our family financial cover.…
Can I deduct tax for parents medical insurance?
Yes, you can. Health insurance premiums for senior citizens are always on the higher side. Insurance companies may also be disinclined towards providing medical insurance for those who are old or suffer from pre-existing ailments.…
How much tax do I have to pay…
When it comes to income tax rates, India may not be on the top of the list. That honor goes to many European countries such as Germany, Austria, Belgium, and Denmark where taxes can go…
ELSS and tax savings: does it make sense…
An Equity Linked Savings Scheme (ELSS) is basically a scheme wherein the amount invested in the units of the fund is invested in the equity shares of the companies. It is the only mutual fund…
How much taxes can you save on home…
You can save taxes upwards of 1.5 lakhs on multiple aspects of the home loan- like the principal, the interest if it is under affordable housing, and on the registration and stamp duty under the…
What is ITR 1, ITR 2, ITR 3…
ITR 1, ITR 2, ITR 3 and ITR 4 are among the different Income Tax Return (ITR) forms in which taxpayers file reports on their income received and the tax applicable to the income tax…
Fake Universities: UGC releases the new 2020 list
The UGC has released its most recent list this October (2020) of the list of fake institutions claiming to be universities. These institutions are spread over many states with the maximum in Delhi and Uttar…
What are the types of Unit Linked life…
ULIP or Unit Linked Insurance Plan is a type of insurance, which combines the benefits of protection and investment in a single plan. In a ULIP small amount of the premium goes to secure life…