Articles by VIVEK MALAVE

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Old V/s New Tax Regime for FY 2020-21 - Choose Right Option?

  VIVEK MALAVE    27 April 2020 at 10:49

New section 115BAC is inserted in Income Tax Act by the Finance Act 2020 and it is applicable w.e.f 1st April 2020 and will be applicable on Individuals and HUFs for the assessment year 2021-22 and subsequent assessment years.Under this section taxpayers i.e Individuals and HUFs has an option to pay the tax on the basis of concessional slab rates subject to some conditions.



EMI Moratorium Facility Will Increase Cost of Loan?

  VIVEK MALAVE    20 April 2020 at 10:34

RBI announced 3 months EMI Moratorium on loans. However, deferring the payment of EMI will only lead to an increase in the cost of the loan.