Tips about saving income tax and filing income tax returns on-time
Ways to get Maximum Income Tax Benefits from Home Loans u/s 80C, 24 and 80EE Many of us might not aware about the maximum benefits which can be available through home loans. You might be planning to buy your first house by taking home loan. One might be looking to buy a buy home loan for self-occupied property. There are […]
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Top 16 Best Tax Saving Investments in India for 2018-19 Another couple of months, we would start new year 2018 and tax payers are busy looking at best tax saving investment options to save income tax in 2018-2019 under section 80C and beyond. Smart investors would save tax by investing in best tax saving options and get higher returns too. […]
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Which Income Tax Return (ITR) Form should be used for A.Y.2017-2018? Last month, Income Tax of India has made some changes into Income Tax Return (ITR) Forms for A.Y. 2017-2018 (Financial year 2016-2017). Some of the forms are made simple now. Since the ITR deadline is 31-Jul, many of you are yet to file income tax returns. Which ITR Forms […]
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Gift Tax Rules 2017-2018 – Can we save and avoid Gift Tax? Gifts are a symbol of love and affection. Parents give gift to Son or Daughter. Parent in-laws give gifts to daughter in-law or son in-laws during marriage. Many of us break their head whether gift money is taxable in India or not. However one should know what gifts […]
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How to access Form 26AS – Tax Credit Statement? Form 26AS is an annual statement of a permanent account number (PAN) which has all the information about TDS, TCS, refunds etc. It states the amount of tax received by the government through various sources like business income, salary, bank FD’s etc. It is dispensed under rule 31AB of the income […]
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How to file Income Tax Returns (ITR) of previous years in India? Salaried people, business men, partnership firms and companies need to file income tax returns on the income / profits they earn. We need to file income tax returns every year by 31st July pertaining to previous financial year. However, some time we miss to file income tax returns […]
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Ways Salaried Individuals Can Save Income Tax in India Irrespective of the fact that whether it is your first job or you are an experienced professional, a certain portion of your salary may be deducted in the form of income tax. Moreover, the tax is levied not only on your basic salary, but other allowances that prominently reflect on your […]
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Top 14 Best Tax Saving Investment Options in India for 2017 We are ending 2016 now and tax payers are busy looking at best tax saving investment options to save income tax in 2017 under section 80C. If you can plan well, you can save income tax and also ensure you get higher returns. Which are the various best tax […]
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8 Facts about Cash Deposits of Rs 2.5 Lakhs – Tax and Penalty With Modi’s surgical strike on Black money, black money holders are finding various ways on how to convert such black money to white. Many are depositing cash in the bank on their family member and relatives' names. However, IT authorities have issued some guidelines that Cash Deposits […]
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How Black Money is being converted to White Money now? After demonitisation initiative and abolition of Rs 500 and Rs 1,000 notes by Central Government in India, there is a huge increase in search on google about how to convert black money to white money. Several experts are analyzing various ways on how black money can be converted to White […]
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