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Personal Finance

Deduction of Interest on Housing Loan in case of co-ownership

June 26, 2021May 12, 2021 CA. Kalpesh Karia
Deduction of Interest on Housing Loan in case of co-ownership. Section 24 and section 80 C deduction as per Income Tax Act
Deduction of Interest on Housing Loan in case of co-ownership : IF home loan is taken for the purpose of purchase, construction, repair, renewal or reconstruction, interest there on is allowed on accrual Read more [...]
Categories Finance, Income Tax, Personal Finance, Tax Planning Tags House Property, Personal Finance 2 Comments

Section 80TTA & 80TTB-How to earn tax free interest

May 1, 2021May 1, 2021 CA. Kalpesh Karia
Section 80TTA & 80TTB

It is very heart breaking when we are not able to get full return on our investment. Yes, we are discussing about earning interest income. This article will provide information regarding How to earn tax Read more […]

Categories Finance, Income Tax, Personal Finance, Tax Planning Tags Deductions, Personal Finance Leave a comment

How to do Money Management?

April 27, 2021April 26, 2021 CA. Kalpesh Karia
How to do Money Management

Background – How to do Money Management: The first step in Financial Planning is Money Management. You should know how to do money management and record each rupee earned and spent . What is your Read more […]

Categories Money Management, Personal Finance Tags Financial Planning, Personal Finance 1 Comment

How to Claim Deduction in respect of Health Insurance Premium

May 17, 2021January 5, 2021 CA. Kalpesh Karia

Background – Deduction in respect of health insurance premium: Post covid scenario, People are buying health insurance policy. You may have also purchased health insurance policy for the first Read more […]

Categories Income Tax, Personal Finance, Tax Planning Tags Deductions, Income Tax Return, Personal Finance Leave a comment

What is Time Value of Money (TVM)

March 1, 2021June 18, 2017 CA. Kalpesh Karia
What is Time Value of Money

What is Time Value of Money . Background: We may have heard  from our parents, teachers and elders since our childhood that “Respect time as time is money”. We may be considering this as a good piece Read more […]

Categories Finance, Introduction to Financial Planning, Personal Finance Tags Corporate Finance, Financial Planning, Personal Finance 1 Comment

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

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 […]

Categories Finance, Income Tax, Tax Planning Tags Deductions, Personal Finance Leave a comment
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