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Showing posts from November, 2017

How to Show Personal Tour as Business Travel and Claim Expenses in India

In India, any person who earns above the base tax slab from his business or profession is legally obliged to pay Income Tax as in the rate, in which slab he falls, notified by the Government of India in a financial year. However, the Income Tax Act 1961 allows professionals and businessmen to deduct expenses incurred while performing profession or business in the financial year from the net income in the same period. Cost of travelings for the purpose of business and profession is one of the major areas where you can save your hard earned money from paying Tax.

In this article, you will learn which all travels are counted as business travel and how to mention business travel cost in your Income Tax Return and claim Tax exemption.

Why Should We Include Business Travel Expenses in IT Return?
Income Tax Act allows any person to deduct the amount he spent on travels he made in order to perform his business and profession. Here profession means a work done by a person in order to make a li…

Simplest Method to Link Aadhaar With PAN & Solve Any Error

The government of India has made it mandatory for everyone to link their PAN cards with Aadhaar card numbers issued to them. If you have not yet linked your PAN card with Aadhaar card number issued to you, you will not be able to file Income Tax Return. Why does our Government force everyone to connect Aadhaar and PAN cards? It is a revolutionary step taken by the Government of India and Income Tax department to stop people from acquiring multiple PAN cards for the purpose of Tax evasion. Since there is no biometric information collected while applying for a PAN, it is possible to obtain more than one PAN card and use it without the Tax department's detection.

As biometric information is collected while registering for Aadhaar, it is impossible to have more than one Aadhaar card with a person. Any extra PAN cards with a person will be deleted automatically as they wouldn't be linked to Aadhaar number.

In this article let us check different methods to link a PAN card with Aad…

Comparison - Kerala Vs Gujarat Development Models

In contemporary India, while considering development, Kerala and Gujarat are two leading states. I have been watching a lot of heated arguments from different corners about the comparison of the different model of development adopted in these two Indian states. Some say the Kerala Model of Development outshines Gujarat Model of Development while others argue the opposite. Not only the common people but also the world famous economists are taking part in this debate. It is a very interesting discussion, and it includes the overall economic conditions, GDP, investments attracted, number industries present, healthcare, wealth generation, literacy, etc.

I am not going to press my views on whether development in Gujarat or Kerala is better on this article but I will share statistical data published by Government agencies and reputable NGOs. Once you have completed the reading, you won't face any issues to decide the winner. I leave the judgment of whether the Kerala Development Model …

How to Use Section 80CCD For Tax Exemption of Extra 50000 Rupees

If you are looking for a way to reduce your tax burden, Government of India announced a way to claim the tax deduction for an extra 50000 rupees from your taxable income. So far the exemption anyone could claim by using the Income Tax Act section 80C and 80CCC combined was 150000 in a financial year. Now under Income Tax Act section 80CCD(1b), you can claim Income exemption for addition 50000 Indian Rupees. All you have to do is to invest 50000 rupees to National Pension Scheme (NPS) and show it under section 80CCD once the combined investment limit under Sections 80C and 80CCC are exhausted at the amount of 150000 rupees in a financial year. This extra 50000 rupees tax exemption can be claimed by anyone in any tax slabs.

How to Claim Tax Exemption Under Section 80CCD Though there are some confusions remain in how to take benefit from Section 80CCD in Indian Income Tax Act, by carefully planned investments you can take full benefits of Tax exemption allowed by Section 80CCD. While co…

Setup & Troubleshoot FASTtelco Wireless Router and Compare With Other ISPs

FASTtelco is one of the leading Internet Service Providers in Kuwait. They provide high-speed ADSL broadband service to both business and residential users. This tutorial explains how to configure FASTtelco ADSL modem by yourself without the assistance from any experts and troubleshoot both Internet and wireless connection issues with FASTtelco router. Next part of this guide explains how to check FASTtelco Internet usage and pending bill payment by login to FASTtelco payment account and comparing the monthly data charges of various Fast telco broadband plans with competitors monthly charges.

How to Setup FASTtelco ADSL Modem To install any modem/router with FASTtelco ADSL broadband connection, follow the instructions below.
Connect FASTtelco Modem with Computer
Make sure the LAN port of FASTtelco modem/router is connected to Ethernet port of Computer using an ethernet cable. Modem WAN port should be connected to Phone cable.

Login to FASTtelco Modem Setup Page
If you don't know the…

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