10 Day – 10 Month – 10 Year Impact of Currency Ban (Part-2)

10 Month Impact

It’s been 14 days since the Prime Minister had announced the ban of Rs.500 and Rs.1000 notes. The day announcement was made, I heard a lot of people saying that people will definitely find loopholes and save their money. Unfortunately all their dreams were shattered to bypass the system as the government did just stop there. Everyday there’s a new announcement which curbs the so called “new bypass ways” of the people to save their black money. As I said I’ll be sharing my views on what would be the impact of currency ban in 10 Days -10 Months – 10 Years; so here are my views on currency ban impact in next 10 months. Continue reading

10 Day – 10 Month – 10 Year Impact of Currency Ban (Part 1)

10 Day Impact

The Rs.500 and Rs.1000 currency ban has become a talk of the town. Whether it’s offices or homes or dinner tables or hangouts with friends; everywhere people are just talking about this ban, what will happen next and are debating on this move of the Modi government. So in this article I’ll be throwing light on what will be the impact of this bold move in next 10 days. Continue reading

Pay taxes on purchases or services you avail – Section 206C

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Black money is deep rooted in our economy and for years government has been coming up with new ways and means to identify people’s undisclosed incomes. A recent amendment proposed in Section 206C in Finance Bill 2016 which is now an income tax provision has grown concerns for people who have not been disclosing their actual incomes.

This week I’ll throw some light on this new provision wherein the government made it clear that if you will not disclose your actual income we will not let you spend your undisclosed income without our notice. Continue reading

Are you submitting correct investment declaration to your employers?

March and the tax savings hassles just got over and you promised yourself that next year would not be same and you would do all the tax saving investments ahead of time. When I talk about the tax savings hassles it’s not just about choosing the investments but also falling short of money to make the investments as you near the month end and we all know the month end story.

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