Khubchandani & Co. Chartered Accountants
Address : C-113, back side of syndicate properties, West Patel Nagar, New Delhi 110008 || Contact :+91 9711430728 || Email : [email protected]
Blogs
Impact of GST rates on your Household Budget; Who won, who lost?
Yes yes, GST rates are here! India has cleared the way for the biggest tax reform since independence in 1947. The main beneficiaries of the new goods and services tax, due to be rolled out on July 1, include steelmakers and some consumer goods. The food items which currently attracted an average of 12.5% tax under …
Tax Saving Investments | In Delhi
Investment Option For NRIs and Senior Citizens– Tax Saving Investments in which most of the deductions under section 80 are also available to NRIs. For FY 2016-17, a maximum deduction of up to Rs. 1,50,000 is allowed under section 80C from gross total income for an individual.
Know about deductions under Section 80G
Section 80G: Deduction for donations towards Social Causes The various donations specified in Section 80G are eligible for deduction up to either 100% or 50% with or without restriction as provided in Section 80G. Section 80G deduction not applicable in case donation is done in form of cash for the amount over Rs 10,000.
All you need to know about the government subsidy on home loan
When entire India was fearing Prime Minister Modi’s speech on December 31, expecting another bombshell after demonetization, PM Modi came up with announcement of government subsidy i.e. subsidized interest on home loan. The scheme is set to be implemented. ‘Roti, Kapda and Makaan’ has been the vision of past several governments. Not only the lower …
Aadhaar Mandatory For Tax Filing & PAN
CA In Delhi has repeatedly said in the past that the present govt is a determined hungry wolf, who won’t let you go without paying taxes. The wolf government has proposed another attacking move to get its food. The government has proposed to make Aadhaar Card Mandatory for filing Income Tax Return and Applying Permanent …
Steps On How To Start A Business?
“Yes, I can do it!” I can start a business. But, Steps On How To Start A Business? There is a fire within us to make a dent in the universe. We synonymously call it as passion, which can achieve anything. But, a passion without direction will lead us nowhere. It needs to be put …
Ticket To Send Money Abroad Form 15CA & Amp; 15CB-
The income of NRIs can be taxable, but how will the tax department keep a track of payments or Ticket to send money abroad made abroad? Form 15CA & 15CB is the answer! It is mandatory for anyone to file these forms before remitting payments abroad if certain conditions prevail.
International Payments
In CA In Delhi’s previous blog, we discussed what are Form 15CA & 15CB, and when do you need them. Form 15CA & 15CB are required to be filed before remitting any International Payments, payments outside India if certain conditions are prevailing.
Beware of Cash Transactions from April 1
Beware of Cash Transactions From April 1, 2017, be careful while accepting cash for more than Rs 2,00,000/- or pay 100% penalty for accepting it. Remember, it is the cash receiver who needs to pay the penalty and not the cash payer. It is a move towards eliminating cash transactions and shift towards cashless economy.