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Tax penalties for late payment in COVID 2021 for FY2021-22

Paying your taxes on time will ensure that you do not have to pay the penalty. Penalties on late payment or non-payment of taxes can lead to severe retributions. The Government has offered some relaxation with regard to the payment of taxes in the wake of the pandemic.

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Find out what is included under COVID-19 travel insurance?

Wish to guard yourself against COVID-related expenses when travelling? Choose a plan that covers COVID-related medical expenses and is tailored to your needs.

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Best health insurance plans for coronavirus, COVID-19 covera…

You should consider getting a dedicated coronavirus health plan because it offers greater coverage than a standard health insurance policy.

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Donate to COVID-related funds and receive potential tax bene…

While the government and corporates are doing their bit in time of the current COVID-19 crisis, we as individuals too, need to play an active part in helping those around us. This article touches upon the aspect of Individual Social Responsibility (ISR) and how you can assist those around– in cash, kind or just your time. The article also helps visualise a framework you could use to create a long-term plan to support any future relief efforts. Your monetary assistance will not help everyone grow stronger together, you could also take advantage of tax breaks while donating to a host of charitable trusts and relief funds mentioned in the piece.

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Creating and executing a Will during the pandemic: A legal p…

Many innocent people lost their lives as a result of the COVID-19 pandemic. In many cases, family members of the deceased have had to not only cope with the loss of a loved one, but also face the hassle of running around to claim their assets. The pandemic thus brought to light the need for succession planning. This article will state what a will is, and explain what happens when a person dies without a will. It will also show (with an example) how to make a will.

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How did the real estate industry respond to the second wave…

The Covid-19 pandemic has battered many sectors of the economy. Real estate is no exception to this phenomenon. The Covid-19 has impacted the property rentals market negatively. Many people went back to their home towns affecting residential rentals adversely. Many businesses have asked people are working from home and some have closed down. It has led to increase in commercial property vacancy rates. However, surprisingly the sale of residential units has done well as many people have bought their own house. In this article, we analyse the impact of Covid-19 on sale of residential units and rentals of residential and commercial property.

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What you need to know about COVID-19 hospitalisation and dea…

If a family member has been hospitalised due to COVID-19, the entire family goes into panic mode. If a family member has died from COVID-19, the entire family is devastated. During this difficult time, we will guide you on how to handle insurance claims.

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How IRDA guidelines since the COVID-19 outbreak affect your…

Find out the insurance cover you must buy, and the one you can choose to buy, when purchasing a new vehicle.

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Fresh COVID relief of Rs 6.29 lakh crore announced by Financ…

The new economic relief package addresses the needs of sectors and areas that are most affected by the second wave of COVID-19.

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Are you in step with the new investment trends that are emer…

The pandemic and global economic uncertainty has thrown investment markets in a disarray. This article suggests considering a combination of traditional and alternative asset classes that have the potential to deliver exceptional returns in a bid to safeguard investor portfolio from volatility and diversify risk. It further talks about six investment choices that can help create a robust portfolio for the long-term and balance the risk-reward paradigm.

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