Articles by CMA Poornima Madhava

NPS Exit Rules & Pension Calculation Explained

Posted by CMA Poornima Madhava 25 May 2021 2033 Views

Understand NPS withdrawal rules for Tier 1 & Tier 2 accounts, including normal, premature, and partial exits. Learn about pension calculation and if NPS is right for you.

NPS Part 3: Opening Account & Tax Benefits

Posted by CMA Poornima Madhava 22 May 2021 1654 Views

Discover how to open an NPS account online or offline and explore the significant tax benefits available under the Income Tax Act for Tier 1 contributions.

NPS Investment Choices: Active vs Auto

Posted by CMA Poornima Madhava 22 May 2021 2376 Views

Explore National Pension System (NPS) investment options. Learn about Active Choice and Auto Choice for asset allocation to grow your retirement savings.

National Pension System (NPS) Explained: Part 1

Posted by CMA Poornima Madhava 22 May 2021 2963 Views

Discover the National Pension System (NPS) in Part 1. Learn what NPS is, who can invest, and its key features for retirement savings.

TDS on Interest other than Interest on Securities 194A

Posted by CMA Poornima Madhava 23 July 2015 17000 Views

Any person (not being an individual/HUF*), responsible for paying to a resident any income by way of interest other than interest on securities, is responsible to deduct tax at source and deposit the same to the Government Treasury within the time st

Manufacture under Central Excise Act

Posted by CMA Poornima Madhava 08 July 2015 23198 Views

The term manufacture refers to a process involving the conversion of an input into a completely different output.As per section 2(f) of Central Excise Act, 1944 (CEA), manufacture includes any process: Incidental or ancillary to the completion of a m

Types of duties under customs

Posted by CMA Poornima Madhava 11 June 2015 119102 Views

Various duties under Customs can be levied on almost all imports whereas only few goods are subject to export duty. Let us understand different types of duties under Customs Law for the purpose of import of goods.Let us study each of the above in det

TDS on Rent u/s 194I

Posted by CMA Poornima Madhava 27 May 2015 106373 Views

What is tax deduction at source?Persons responsible for making payment of income (rent), are responsible to deduct tax at source and deposit the same to the Government Treasury within the time stipulated.The recipient of the income (though s/he gets

Taxation of gifts by an Individual/HUF

Posted by CMA Poornima Madhava 15 May 2015 28232 Views

As per section 56(2)(vii) of Income Tax Act, gifts received by an individual or a hindu undivided family in the form of money or property (without consideration or with inadequate consideration) is taxable as income under the head Income from Other S

Return of Income

Posted by CMA Poornima Madhava 02 May 2015 31810 Views

Who has to submit return of income? Taxpayer Section under which return to be filed Minimum income to attract the provisions of filing return of income Company or firm 139(1) Any income/loss