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Category: Must Knows

Home » Must Knows » Page 62

City Transport
By Dhwani MeharchandaniJanuary 23, 2024

Trivandrum Metro: Project details and status

The vibrant capital city of Kerala, Thiruvananthapuram, or Trivandrum has experienced significant growth in both population and economic activities. However, this progress has brought forth challenges, particularly in the domain of urban transportation infrastructure. … READ FULL STORY

Taxation
By Sunita MishraJanuary 23, 2024

Section 194J: Fees for professional or technical services

Those paying money for professional and technical services have been entrusted with the responsibility to deduct tax at source under income tax laws in India. The provisions made in this regard are explained under … READ FULL STORY

Taxation
By Anuradha RamamirthamJanuary 23, 2024

Kolhapur property tax defaulters to get up to 50% waiver on fine

January 23, 2024: The Kolhapur Municipal Corporation (KMC) will be offering a 30-50% waiver on fines that have been imposed on property tax defaulters for current and previous years, mentions a ToI report. Over … READ FULL STORY

Must Knows
By Anuradha RamamirthamJanuary 23, 2024

Nashik Property Tax: All you should know

Like other Indian cities, property owners in Nashik have the responsibility of paying the Nashik Property Tax on time. This money that is paid to the Nashik Municipal Corporation by homeowners in Nashik, helps … READ FULL STORY

Taxation
By Shimon OberoiJanuary 23, 2024

What is Section 234F of ITA? What is late fee penalty under this act?

The introduction of Section 234F of the Income Tax Act (ITA) on April 1, 2018, marked a significant shift in the taxation landscape, emphasising the importance of timely tax filing. This section underscores the … READ FULL STORY

Taxation
By Harini BalasubramanianJanuary 22, 2024

Difference between tax avoidance and tax evasion

In India, individuals and entities earning income above a threshold limit are required to pay income tax based on the applicable rates. Taxpayers look for several ways to save taxes. However, not paying the … READ FULL STORY

Taxation
By Harini BalasubramanianJanuary 22, 2024

Significance of Digital Signature Certificate in Income Tax

A Digital Signature Certificate (DSC) is a digital alternative to traditional signatures and ensures data safety. Moreover, DSC has a key role in income tax filing. For those who incur huge expenses, such as … READ FULL STORY

Home Loans
By Sunita MishraMarch 6, 2024

What is the floating rate of interest? How is it different from a fixed rate?

Unless home loan borrowers specify that they want to borrow their loan with a fixed rate of interest, banks in India, as a standard practice, link it to a floating rate of interest. What … READ FULL STORY

Infrastructure
By Shimon OberoiJanuary 23, 2024

All about Trivandrum International Airport: Runway, terminals

Thiruvananthapuram International Airport (IATA: TRV, ICAO: VOTV) is located in the capital city of Kerala, India. It has a rich history, dating back to its establishment in 1932, making it the first airport in … READ FULL STORY

Home Loans
By Sanskrati GuptaJanuary 22, 2024

Registered mortgage: A simple guide

Whenever you purchase a property or take out a loan on it, the bank can pay its debts by selling the property if you default on repayment. There are two kinds of mortgages. One … READ FULL STORY

Legal
By Anuradha RamamirthamJanuary 22, 2024

What is eviction?

The legal process of removing a tenant from a property by the landlord is called eviction. An owner can oust a tenant and protect his property if there is a valid reason.   Eviction … READ FULL STORY

Taxation
By Shimon OberoiJanuary 21, 2024

PAN vs TAN numbers

In the Indian financial landscape, PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) are two crucial identification numbers issued by the Income Tax Department. While both are alphanumeric codes, they … READ FULL STORY

Infrastructure
By Riddhi ChatterjiJanuary 19, 2024

Traveller’s guide to Trichy Airport

Tiruchirapalli International Airport, or Trichy Airport for short, is the third international airport of Tamil Nadu alongside Chennai and Coimbatore. With terminals for both passengers and cargo, this airport connects the state to several … READ FULL STORY

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