Income Tax And Estate Planning Services

June 25, 2021

Practical Examples With Questions & Answer For Understanding The Calculation Of Tax Deducted At Source (TDS)

Section 194Q is applicable to which buyers: – The section 194Q of TDS is applicable only to those buyers whose turnover, gross receipt or sales in the previous year was more than Rs.10 crores hence in the financial year ended on 31st March 2021, the buyers whose turnover was more than Rs.10 crore in that […]

View Blogs in English, Income Tax And Estate Planning Services
June 21, 2021

How To Prepare A Will For Transfer Of Assets To Beneficiaries In The Desired Manner?

🟥 A Will valid under the Indian Succession Act has to be made in respect of his/her Assets. 🟥 For the Will to be legally valid under the Indian Succession Act, it has to have all the essential elements of a valid Will as listed in the following points. 🟥 The Will has to be […]

View Blogs in English, Income Tax And Estate Planning Services
June 9, 2021

What Happens When A Person Dies Without A Will To His/Her Immovable & Movable Assets?

  🟨 It is important to note that if an individual dies without making a Will in respect of his/her Assets, the Indian Laws of inheritance would apply on such assets. 🟨 As per the Hindu Succession Act, 1956, when a Hindu, Sikh, Jain, & Buddhist individual dies without a Will, his assets are divided […]

Income Tax And Estate Planning Services
March 25, 2021

Last Date To Avail Tax Deduction Is 31st March 2021 For Financial Year 2020-21.

LAST DATE TO AVAIL TAX DEDUCTION IS 31ST MARCH 2021 FOR FINANCIAL YEAR 2020-21. ACT FAST TO AVAIL FOLLOWING DEDUCTIONS… ➡️ Invest in Mutual fund Equity Linked Savings Scheme (ELSS) for attractive returns along with obtaining deduction under Income Tax up to Rs.1.50 lakhs (80C). ➡️ Insure yourself and your family (spouse and children) through […]

Income Tax And Estate Planning Services
February 24, 2021

Important Changes In The Income Tax Act For Charitable Trusts

IMPORTANT CHANGES IN THE INCOME TAX ACT FOR CHARITABLE TRUSTS Following CHANGES have been PROPOSED IN THE FINANCE BILL 2021 (UNION BUDGET) FOR CHARITABLE TRUSTS EFFECTIVE FROM 1st APRIL, 2021. ➡️ Charitable Trusts accept donations as “Corpus Donations” which are not considered as an income and hence there is no obligation to spend (application of […]

Income Tax And Estate Planning Services
October 10, 2020

Practical Examples With Questions & Answer For Understanding The Calculation Of Tax Collected At Source (TCS)

On which amount TCS shall be collected? TCS is to be levied only on the amount above Rs. 50 lakhs i.e. if Rs. 60 lakhs is received from a single person during the financial year for sale of goods then TCS to be collected on amount of Rs. 10 Lakhs @ 0.075% (i.e. after deducting […]

Income Tax And Estate Planning Services
October 10, 2020

A Simplified Understanding Of The Provision Of Tax Collected At Source (TCS) Applicable From Dtd. 01/10/2020

The provisions of TCS are applicable in three types of transactions under the Income Tax Act. The provisions of TCS will apply to any amount paid, that means the percentage of TCS has to be added to the payment amount. Those who have paid the amount of TCS, can claim credit of TCS against payment […]

Income Tax And Estate Planning Services
June 25, 2020

Summary Of CBDT Notification Date June 24, 2020 Extending Various Due Dates Under Income Tax Act.

Summary of CBDT Notification date June 24, 2020 extending various due dates under Income tax Act. Type of compliance Original Due Date Revised Due Date as per Notification Original Income tax return for AY 2019-20 Non-Corporate Taxpayers July 31, 2019 Corporate Taxpayer – October 31, 2019 Tax payers subject to transfer pricing November 31, 2019 […]

Income Tax And Estate Planning Services
April 21, 2020

Guardianship Under Hindu Law

 View & Download Our Presentation PDF Do you have minor children in the family ? Understand the law relating to GUARDIANSHIP OF MINOR. There are specific provisions relating to Guardianship under law. Please find herewith a short presentation which gives a complete idea about the provisions who, how and when a person can act as […]

Income Tax And Estate Planning Services
April 13, 2020

Family Vault For Estate Planning

View our PDF FAMILY VAULT Comprehensive Financial Inventory to help individuals and families take charge for their financial information in the event of disability or death. What is the importance & role of a ‘FAMILY VAULT’? We know the importance of preparation of a WILL for legal transfer of assets to our successors. A ‘Family […]

Income Tax And Estate Planning Services
  • 1
  • 2
Recent Posts