Month: November 2020

Income Tax On EPF Withdrawal..

Dr. Viibhor Agarwal

Provident fund is an important part of retirement planning of any person. You can not only get deduction in income tax by investing in provident fund, but you can also secure the life after your retirement. Both Fixed Deposit and Provident Fund are investment options in which a common man invests the most in his life. Both these types of investments give you a fixed return, but both have the most important differential taxation. Because the interest received from fixed deposits is taxable, while the return from provident fund (PF)…

Income Tax On Share Trading Profit In India…..

Dr. Viibhor Agarwal

In India, it is very difficult for all those who trade in shares to calculate the income tax on the profits from trading in the stock market.Today, a lot of individuals are trading in shares. Some of these profits are made, while some are lost.But, you should be aware of income tax on share trading, whether you are benefiting from the stock market or loss. Because you may have to undergo an income tax audit even if there are many losses, which we will discuss further. In this article (income…

You Can Take Loan From Your LIC Policy….

Dr. Viibhor Agarwal

On the off chance that you need cash, you can take an individual advance. If you have a credit card, you can also spend on it. But you must know that the rate of interest on personal loans and credit cards is very high. Can also put you in big trouble. Your LIC policy can be useful in such times, The vast majority have a couple of strategies of LIC. In the event that I disclose to you that you can take an advance with your LIC strategy likewise, in…

MSME: Need a Loan, Then Apply Immediately

Dr. Viibhor Agarwal

The government is unlikely to extend the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS) from October 30 to the MSME (micro, small and medium enterprises) sector. However the loan amount so far passed under ECLGS is around 65 percent. That is, out of Rs 3 lakh crore, only 65 percent loan has been approved so far. Therefore, if you want to take a loan under ECLGS, then you must apply by October 30. The scheme aims to provide financial support to businesses. Among them, especially the MSME…