When navigating the intricate landscape of home loans, the CIBIL score emerges as a pivotal determinant of eligibility and loan conditions. A robust CIBIL score not only elevates your chances of securing a home loan but also plays a crucial role in dictating the interest rates extended to you. This analysis will delve into the … Continue reading Cracking the Financial Matrix of CIBIL Score for Home Loan
Category: Explanation
Understanding GSTR-3B
GSTR-3B is a monthly summary return filed by registered taxpayers under the Goods and Services Tax (GST) system in India. It provides a snapshot of the total tax liability and input tax credits (ITC) available for a particular month. While not as detailed as other returns, it is crucial for tax compliance. Components of GSTR-3B … Continue reading Understanding GSTR-3B
Navigating Section 87A—Maximizing Tax Rebates under Indian Tax Law
Despite surpassing the basic exemption threshold, you might still evade paying any income tax, courtesy of Section 87A of the Income-tax Act, 1961. This provision grants Indian residents a tax rebate under both the old and new tax regimes, contingent upon their total income remaining within the prescribed limits. For the fiscal year 2023-24 (assessment … Continue reading Navigating Section 87A—Maximizing Tax Rebates under Indian Tax Law
Unraveling India’s Food Inflation—An Expert Analysis
Despite early monsoon rains and forecasts of above-normal precipitation, India’s food prices, which constitute nearly half of the consumer price basket, continue to soar, keeping headline inflation above the Reserve Bank of India’s 4% target. This persistent inflationary pressure has stymied the potential for interest rate cuts. The delayed summer crop planting, attributed to a … Continue reading Unraveling India’s Food Inflation—An Expert Analysis