Personal Finance Archives - Page 5 of 5 Finance Friend

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 […]

TDS on purchase of immovable property

February 14, 2014March 31, 2013 CA. Kalpesh Karia

TDS on purchase of immovable property IF your are planning to buy a immovable properties, you should be ready to deduct tax at source (TDS) @1% subject to certain conditions from 1st Jun, 2013. The 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 [...]

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 [...]

Effects of Jantri rates on Capital Gains

February 8, 2023June 18, 2012 CA. Kalpesh Karia

Section 50 C of Income Tax Act,1961 was inserted from Finance Act, 2002 w.e.f. 1st April, 2003 which states that While transferring any land or building or both if full sale value consideration is less Read more [...]