The 2016-17 Budget identifies 9 pillars through which the government aims to transform the rural economy, while boosting urban growth and development. The FM also stressed that India remained resilient in the face of the global economic crisis.
There is no denying the fact that the moment the new year comes around, lots of people suddenly wake up and realise that they haven’t got their tax saving investments in order and they now have to face the prospect of having to pay a hefty sum in the form of tax. Here are some investments to help you save on your taxes.
Making calculations to figure out how you can save on taxes is not everyone’s cup of tea. You need to effectively plan and invest in order to do this and things could get a little confusing. As an individual tax payer you can save on taxes, through different kinds of investments. Here’s a quick and easy guide to help you get things under control.
When you sell property in India and make a profit on it, you need to pay a capital gains tax on the profit. Here’s an article which will help you learn about ways to save on capital gain tax on your property sale.
Paying Income Tax on time is mandatory for all employed individuals in India. While we all are aware of this, not many of us may have a clear picture of the various deductions available under the different sections of the Income Tax Act. Also, not everyone is aware of what and how much an individual can invest under each section. We’re here to help solve the mystery.
Buying a house with Home Loan financing is common practice these days. Not only does it provide you with funds to buy your house, it also helps you saves on your Income Tax. If you are planning to apply for a Home Loan to buy a new house, here’s some information on the tax benefits you are eligible for.
You might have invested in property, shares, Mutual Funds, or gold in the past and might have probably considered selling these investments as well, at some point. Did you know that the income you gain after selling any of these assets is taxable? Read this article to know about capital gains and how you can save on your tax.
Are you wondering how to save tax this year? Are you confused about what you can give as investment proofs to your employer? Submitting investment proofs to your employer for tax saving can help you save money. Read this handy guide and we’ll tell you why investment proofs are important, what you can submit as proof and even what you can do if you don’t submit proofs to your employer.
You decided to tip the waiter generously for great service. Then you see the bill and you’re baffled – it’s a bit more than expected. The culprit? Service taxes, service charges and more. Now you’re in a fix. Should even tip the waiter? Forget about tipping generously! We often tip because we feel obligated and also because we don’t want to feel guilty. It’s the right thing to do, isn’t it? Wrong!
Receiving a notice from the Income Tax Department can make you feel anxious and paranoid. The IT department sends out a notice for many reasons, but if you are clean with nothing to hide, you don’t need to worry! If you receive a notice from the IT department for any reason, stay calm. And then follow these list of instructions on how you must deal with the notice.