Wishfin Blog

Specific new provisions were implemented in the 2021 Finance Bill related to TCS and TDS. According to the new provisions, TDS and TCS are to be collected and subtracted at high rates for individuals who haven’t filed their income tax returns for...

When you relocate from one residential property to another, the motive is not to earn income from selling your old house but to find a suitable and comfortable base. It could be financially challenging if you are accountable for paying income tax...

The 17(5) section of the 2017 CGST Act, also called blocked credits, is a noteworthy provision for all taxpayers under the Goods and Services Tax. It mentions a list of expenses on which you can claim an Input Tax Credit, but business organisations...

A payback period calculator aids you in finding out the time taken to recover the investment you make in a project. A shorter payback tenure is preferred in contrast to longer payback tenure. Hence, calculating the period with the help of the...

In the world of taxation, businesses and individuals come across scenarios wherein their expenses and losses exceed their income, resulting in a poor balance or loss for the financial year. Set-off and carry-forward of losses are two mechanisms...

Giving tax on your salary definitely feels heart wrenching. Understanding your pain, the government and your employer can help you feel good about everything. The employer can recognise your efforts, and the government encompasses it into Section...

SGX Nifty, also called the Singapore Nifty, is a derivative product that allows investors to speculate or hedge their positions on the direction of the Indian stock market. It derives its name from the "Nifty 50," the flagship stock index of the...

BPL, or Below Poverty Line, is an economic classification used to pick out individuals or households living in poverty and limited access to necessary requirements. The below poverty line classification varies from country to country and is...

Have you ever encountered a Book Identification Number or BIN view? It is a financial term that illustrates the importance of submitting tax after the relevant deductions. Submitting tax deducted at source is compulsory with the help of bank...

A cheque bounce case is a violation under Section 138 of the 1881 Negotiable Instruments Act, punishable with a penalty which can expand to twice the cheque amount or imprisonment of two years or both. When you present a cheque to a banking...