Author: gargvipinca

How to file ITR for business person

A business person can file their Income Tax Return (ITR) by following the below steps: It is advisable to take the help of a professional or use an online tax filing platform to file ITR for a business, as the process can be complex and time-consuming. Additionally, it is important to keep accurate records of […]

What is time of supply in GST

In the Goods and Services Tax (GST) regime, the “time of supply” refers to the point in time when a supply of goods or services is considered to have taken place for the purpose of charging and paying GST. This is a critical aspect of the GST system as it determines when the GST liability […]

Equity Linked Saving Scheme Mutual Fund

Equity-Linked Saving Scheme (ELSS) is a type of mutual fund in India that invests primarily in equities or stocks and has a lock-in period of three years. ELSS is considered as one of the popular investment options for individuals looking to save taxes under Section 80C of the Indian Income Tax Act, as it allows […]

Deduction under section 80D

Section 80D of the Indian Income Tax Act allows individuals to claim tax deductions for expenses incurred on health insurance premium payments for themselves, their spouse, dependent children, and parents. The maximum deduction limit under Section 80D is: It is important to note that the deductions under Section 80D are over and above the overall […]

Deduction under section 80C

Section 80C of the Indian Income Tax Act allows individuals to claim tax deductions for specified investments and expenses up to a limit of INR 1.5 Lakhs in a financial year. Some of the common investments and expenses eligible for deductions under Section 80C include: It is important to note that the total deductions under […]

All about House rent allowances

House Rent Allowance (HRA) is a component of an individual’s salary that is used to offset the cost of renting a house. It is tax-free up to a certain limit under the Indian Income Tax Act. The following are key aspects of HRA: It is important to understand the tax implications of HRA and to […]


To choose the best mutual fund, consider the following factors: It’s important to do thorough research and to consult with a financial advisor before making any investment decisions. Additionally, regularly reviewing and adjusting your portfolio to ensure it still aligns with your goals and risk tolerance is also important.