New investors are often interested in purchasing a company's stock but are not very sure about the steps to be taken for profitabl deal.These four characteristics should serve as helpful guidelines in your search for a good investment. alwayts kep in mind the following questions before deciding on the purchase of the share : 1. What is the price of the entire company? When … [Read more...]
529 Plans:concept
With the rise in college education expenses , more and more parents are trying to offset some of the cost by putting money aside to help pay for their child’s education. In 1996 the 529 plans were created to provide some tax benefits for those who are trying to save money for higher education. How a 529 Plan Works? 529 plans are state-sponsored , but the underlying … [Read more...]
Ways to Reduce Your Tax Liability By 20%
Ways to Reduce Your Tax Liability By 20% Tax rebate under Section 88 is available to an individual and HUF. The following are the investment schemes which qualify for deductions from tax payable at a flat rate of 20% of the contributions made. The aggregate contribution to all these schemes qualifying for deduction is subject to a ceiling of Rs. 60,000. Contribution or … [Read more...]
Various Income Tax Saving Schemes
Government have provided with some of the schem,es by which tax can be saved legally, plus these schemes are all the more beneficial to the individual itself. Some of these shemes are listed below: National Savings Certificates (NSC) National Saving Schemes (NSC) is one of the popular Income Tax Saving schemes which is available throughout the year. It can be operated … [Read more...]
VAT- Value Added Tax
VAT, also popularly known as goods and services tax (GST) is an indirect tax that is levied according to the value added at different production stages. Value Added Tax (VAT) is a general consumption tax assessed on the value added to goods and services. It is a general tax that applies, in principle, to all commercial activities involving the production and distribution of … [Read more...]