Mutual fund is useful way for saving and generation of income. If you are investing, you like to know rules for tax on mutual funds. Tax on mutual funds:
Tarannum Khatri is Chartered Accountant of India and Founder of Taxmasala.in. She is currently practicing in taxation field. Besides practice, she loves music and reading great minds..You connect with her on FB by clicking button on right side.
TDS u/s 194C (TDS on contractor) While paying to contractor, you should remember provision for TDS on contractor u/s 194C of income tax act. The provision guides to deduct TDS
Wealth tax is levied on properties which are not used by owners. Wealth tax should be paid annually. Wealth tax calculation is based on valuation rules of assets in wealth
Wealth tax is direct tax which is collected on properties held. There are taxable assets and Similarly wealth tax exemption is also available for many assets. In this article, I