Finance Friend

How is Interest Calculated Under Section 234A ?

November 17, 2022 CA. Kalpesh Karia

https://financefriend.in/ Karia CA. Kalpesh

Yes, you have to pay Interest to the Government in case you don’t pay taxes on time and don’t file a return on time. If you are filing Income Tax Return (ITR) without professional help or using any software Read more […]

What is Presumptive Income under Income Tax ?

November 2, 2022 CA. Kalpesh Karia

https://financefriend.in/ Karia CA. Kalpesh

Presumptive Income means income defined as per presumptive rates under Indian Income Tax Act, 1961 . It means You don’t have to calculate business income under normal provision. Under normal provision, Read more […]

What is Digital Rupee or CBDC ?

January 11, 2023November 1, 2022 CA. Kalpesh Karia

https://financefriend.in/ Karia CA. Kalpesh

Digital Rupee or CBDC is digital currency issued by Reserve Bank of India (RBI). CBDC stands for Central Bank Digital Currency . As per press release on Oct 7th , 2022, RBI had announced that they will Read more […]

What is Startup ?

February 16, 2023October 11, 2022 CA. Kalpesh Karia

https://financefriend.in/ Karia CA. Kalpesh

Whether you are reading business news or watching business channels or in Linkedin, you are listening the word “Startup”. You may want to understand what is Startup? In this post we will try to understand Read more […]

What is Income Tax rates on Mutual Fund ?

October 10, 2022 CA. Kalpesh Karia

https://financefriend.in/ Karia CA. Kalpesh

Income tax is one of important aspects in dealing with mutual fund. Investor should aware regarding applicable income tax rates . Post tax return will be impacted by Income tax rate . For example long Read more […]

What is the Future of Income Tax in India ?

January 11, 2023September 14, 2022 CA. Kalpesh Karia

https://financefriend.in/ Karia CA. Kalpesh

Have you heard that only ~ 2 crore Indians are paying Income Tax in India ? As on date, 6.16 crores Tax payers have filed their returns for AY 2022-23 in Income portal out of population of 138 crore .Finance Read more […]