Finance Archives - Page 5 of 6 Finance Friend

Deduction of Interest on Loan taken for Higher Education

January 11, 2023June 18, 2016 CA. Kalpesh Karia

Deduction of Interest on loan taken for Higher education is probably very less known benefit provided by Income Tax Department. Now a days cost of higher education is soaring . Students take loan with Read more […]

Deduction of Interest on deposits in Saving Accounts

June 17, 2016February 28, 2014 CA. Kalpesh Karia

Deduction of Interest on deposits in Saving Accounts. While filing Income Tax return for FY 2013-14, you may be wondering whether to include saving account interest in Gross Total Income. Can I get Read more […]

Why Should I buy term insurance?

May 17, 2021December 27, 2013 CA. Kalpesh Karia

Background – Term Insurance : If an Insurance agent approaches you and want to explain you about term insurance. What will be the first question that comes to your mind when you think about Read more […]

How to take benefit of credit card balance transfer

October 22, 2013August 16, 2012 CA. Kalpesh Karia

Credit Card is such a tempting facility provided by bank that generally person use it without considering repaying capacity or sometime there could be genuine situation where no other source of finance Read more [...]

Practical aspects of Letter of credit

July 26, 2022June 28, 2012 CA. Kalpesh Karia

Background: In the corporate world , you might have heard the word "Letter of credit or LC" . LC is really wide subject. I have try to cover Practical aspects of Letter of credit. Trust me this Read more [...]

Pre construction period Interest on housing Loan

November 23, 2013June 23, 2012 CA. Kalpesh Karia

As per section 24 of Income tax Act, 1961, Interest on borrowed capital is allowable as a deduction if capital is borrowed for the purpose of purchase, construction,repair, renewal or reconstruction of Read more [...]