GST Rate on Real Estate – Under Construction & Completed Property There is a lot of confusion on GST rate on real estate, be it GST rate on under construction property or completed property. Let us see what were the taxes before GST and what are the current GST rate on real estate. GST Latest News…
Month: January 2021
Gift Tax Rate in India – Limits, Exemptions and Rules 2019-20
What are the limits of Gift Tax in India ? Do I need to pay gift tax in India? What are the Income Tax rules on gifts received? Do you have to pay income tax on gifts in 2019-2020 ? Receiving gifts is a habit from our childhood and we cherish those memories. But do you know…
House Rent Allowance Rules and Regulations – HRA 2020-21
(This post is being updated) If you go through the break-up of your CTC statement, you will find a term HRA, which stands for House Rent Allowance. It is paid to compensate the employee for the rent he is paying in the absence of a company quarter.So is “House Rent Allowance (HRA)” a taxable income for…
Retirement Asset Allocation – By Age or Goal or Risk Tolerance?
How should the retirement asset allocation be done – by age or by goal or by risk tolerance? Before jumping to the answer of this question, let’s first understand what asset allocation is all about. What Is Asset Allocation? Asset allocation basically means how much of your investments should be divided into equity and debt instruments….
LIC Jeevan Labh Review – Why Lot of People Ended Up Calculating Wrong Returns?
If you search “LIC Jeevan Labh review” on Google, a number of different results will pop up. You will find that every blogger has shown returns of 6%, 6.70% and even as high as 7%. But if you check the maturity value of LIC Jeevan Labh policy on LIC’s website, it shows entirely different picture. …
Best Investment Options For Senior Citizens In India 2021
Trust me, there is no such thing as “best investment options for Senior Citizens in India in 2020”. Let’s take an example of 2 Senior Citizen friends who have the same amount of corpus in their retirement kitty. The retirement corpus is around 1.4 Crores. Let us name them as Mr. Ram and Mr. Sham…