• Team Antworks
• Loan .

Loans can bail you out during an emergency, and if you manage your finances well, they don’t have to be a burden over a period of time. In fact, you can even get tax benefits from certain loans. Home Loans A Home Loan is one of the biggest loan liabilities that a person can avail. … Continue reading “3 Loans That Can Give You Great Tax Benefits”

• Team Antworks

According to RBI guidelines, savings bank account holders in metropolitan cities are allowed only three transactions from the ATMs of other banks and five from the same bank in a month. For any ATM transaction above the stipulated limit, a transaction fee of a maximum of Rs. 22 is charged to the account holder. The … Continue reading “ATM Usage And You”

• Team Antworks

All taxable income under this head is calculated according to the accounting method the assessee follows viz. accrual or cash basis. The exceptions to this are a dividend and interest income i.e. whatever the accounting method, assessees will have to declare and pay tax on dividend and interest earned during the previous year. The nature … Continue reading “Calculate Income Tax on Income from Other Sources”

• Team Antworks

Himachal Pradesh VAT Rates: VAT is charged differently for different types of products. Schedule A – Part 1: Goods that fall under this section are taxable at 1%. Schedule A – Part 1A: Goods that fall under this section are taxable at 2%. Schedule A – Part 2: Goods that fall under this section are taxable at 4%. … Continue reading “Himachal Pradesh VAT”

• Team Antworks

The term TDS is most commonly used in case of an employer-employee relationship. The employer, while paying salary to the employee on a monthly basis, deducts TDS based on the income tax rate applicable to the employee. The TDS on all payments needs to be deducted at specified rates, unless otherwise exempted. Payment of interest on investments, payments to … Continue reading “How To Claim Your TDS Refund”