Tax Planning - Page 6

Tax planning as opposed to tax evasion has legal sanction

The Madras High Court has ruled that tax planning as opposed to tax evasion has legal sanction, and if a dealer plans his transactions in such a manner that he pays less tax, it is not open to the revenue to subject him to a conscience audit or moral assessment. The power to lift the veil has to be exercised with great care and caution. J...

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Posted Under: Income Tax |

Fund managers not willing to annouce dividend this year

Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II Money managers, who have historically used dividends as a ploy to lure investors to tax-saving stock funds, are shying away from payouts this year, as a savage share market decline limits distributable surplus. Only seven tax funds have announced divid...

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Posted Under: Income Tax |

LIC Jeevan Aastha seen a good bet, taxwise in Volatile Market

Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II It’s time to do your tax-saving investments with March 31 just a month-and-a-half away. Given the volatility in the market, investors are taking a cautious approach towards equity-linked savings schemes, say financial advisors. In these uncertain...

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Posted Under: Income Tax |

Salary Package For Employees – Tax-Planning Measures

As is well-known, income-tax is deducted at source in respect of income from ‘Salaries’. As the income of salaried tax-payers is fixed, they are more susceptible to inflationary pressures. Therefore, there have been progressive attempts in the past, to grant relief to salaried tax-payers. In order to subserve the aforesaid objective, ...

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Posted Under: Income Tax |
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