In a historic move, the government of India passed the Goods and Services taxes bill on 1st July 2017. It replaced multiple existing taxes imposed by state and central governments. GST in India was needed for quite some time. The first announcement of the bill was made in the 2006-2007 budget by then Union Minister. …Read More GST and Its Impact: Is The Law Good, Better, or Best?
Section 80C and 80D of the Income Tax Act is a boon for many people. Under these sections of the Income Tax Act, you can claim tax benefits on the premium that you pay for life and medical insurance policies. However, one needs to consider the Goods and Service Tax (GST), and whether you can…Read More How GST Affects Your Insurance-Investment Plans