It is an unfortunate for those people who tend to have primary goal to save taxes without knowing their financial needs about what it means to them other than the money they save in doing so. For the past 5 years, Noida-based Mr. Amit Shah aged 35 years has been paying taxes and using Maslow’s […]
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Category: Tax Planning
Evaluation of Real income from Fixed Deposits!
We keep getting easy free advice a lot about fixed income instrument from our family, friends, relatives and neighbours etc. Indian investors are happy to stay with comfortable investing their savings in safer and getting fixed percentage investment avenues such as bank fixed deposits (FDs) despite rising in the cost of living and increasing demands […]
How can reap the tax-free interest from NSC?
‘Old is gold’, this adage is very much true about the National Saving Certificate (NSC) which has been a favorite investment option for every conservative investors, even from a tax-saving point of view. Though, it has been losing its shine in compare with other investment options available like PPF, ELSS, and unit-linked insurance plans, this […]
Know your rights while Claiming Tax Refund & Interest
You must have filed your income tax return while considering the amount of tax deducted at source from your recipients or the advance tax-paid by yourself on his estimated incomes after claiming all deductions and exemptions. Whilst, you may become entitled to claim refund of income tax, if such tax deducted or paid exceeds the […]
It’s time to Cross-check to avoid Income Tax Scrutiny and dreadful notice!
Are you biting relaxed to file your income tax return on or before due date? i.e. 31St July, thanks to talk of taxing season has been over. But it’s time to rethink and cross-check you were filed income tax return such as did you choose right ITR form, had you added all the income and […]
Insights of Budget 2014: What is in your Pocket?
The nuisance of much-awaited maiden Modi-Union Budget -2014 has ultimately unveiled, though the finance minister has not stepped any major announcements, he however tried to give some respite to the individual taxpayers, investors and aam adami. He has made a slew of measures in personal finance, banking sector, education, power and other more areas. While […]
Abroad Investments of NRIs on returning to India
After having worked abroad Ajay(name changed) as an NRI (non-resident Indian) is, now planning to return back to his homeland. Increasing employment opportunities and improving standard of living in India, are one of the primary reasons choosing to return to India and intending continue to hold his foreign earnings overseas and gradually want to bring […]
Selling a property? Enjoy Capital Gain without pain!
We tend to purchase a property as an investment for selling purpose with the aim of gaining from capital appreciation which almost always gives good returns except in times of severe economic adverse conditions, when it’s temporarily affected. But good returns always attract a hefty tax outgo which could dilute the gain in our hand. […]