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Balwant Jain

Life insurance and income tax laws

Income Tax - Indian income tax laws provide for certain tax benefits in respect of life insurance premium paid on life insurance policies as well as for money received from insurance companies in respect of such insurance policies. Let us discuss these provisions. Tax benefit in respect of premium paid for life insurance policies As per Section 80C [&...

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Taxation of gold and gold products

Income Tax - Profit on sale of your gold is taxable as Capital Gains unless you are a dealer in gold and jewellery in which case it becomes taxable as Business Income...

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Are you looking to buy a house, buy it during this festive season to reap more benefits?

Income Tax - Festive season generally coincides with developers and banks offering many beneficial schemes for home buyer. So if you are anyway planning to buy a house, this festive season is best time to go for it. In addition to the regular tax benefits which you anyway get on home loans under the tax laws, you can […]...

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Income tax Timelines related with house property

Income Tax - The income tax laws provide various benefits in respect of house property be it for home loan or for claiming exemption for capital gains by investing in a residential house. If one is not aware of these timelines, one may just miss the tax benefits available under the tax laws. Let us discuss. Eligibility to […]...

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Finer points of income tax laws affecting personal taxation

Income Tax - Article discusses Provisions applicable in respect of Life insurance health insurance premium, Provision for deductions for home loan, Different holding periods for qualifying as long term capital asset and for indexation and Provisions of capital gains on listed shares. There are certain provisions under the income tax laws which general...

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Recent Posts in "Balwant Jain"

Life insurance and income tax laws

Indian income tax laws provide for certain tax benefits in respect of life insurance premium paid on life insurance policies as well as for money received from insurance companies in respect of such insurance policies. Let us discuss these provisions. Tax benefit in respect of premium paid for life insurance policies As per Section 80C [&...

Read More
Posted Under: Corporate Law |

Taxation of gold and gold products

Profit on sale of your gold is taxable as Capital Gains unless you are a dealer in gold and jewellery in which case it becomes taxable as Business Income...

Read More
Posted Under: Corporate Law |

Are you looking to buy a house, buy it during this festive season to reap more benefits?

Festive season generally coincides with developers and banks offering many beneficial schemes for home buyer. So if you are anyway planning to buy a house, this festive season is best time to go for it. In addition to the regular tax benefits which you anyway get on home loans under the tax laws, you can […]...

Read More
Posted Under: Corporate Law |

Income tax Timelines related with house property

The income tax laws provide various benefits in respect of house property be it for home loan or for claiming exemption for capital gains by investing in a residential house. If one is not aware of these timelines, one may just miss the tax benefits available under the tax laws. Let us discuss. Eligibility to […]...

Read More
Posted Under: Corporate Law |

Finer points of income tax laws affecting personal taxation

Article discusses Provisions applicable in respect of Life insurance health insurance premium, Provision for deductions for home loan, Different holding periods for qualifying as long term capital asset and for indexation and Provisions of capital gains on listed shares. There are certain provisions under the income tax laws which general...

Read More

Income Tax benefits available for education

Education has potential to improve quality of life of individuals in geometric progression velocity. The government also provides certain reliefs to the tax payers in this respect.  Let us discuss the benefits available under the income tax laws in India in connection with education. Deduction under Section 80 C for expenses on full time...

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Posted Under: Corporate Law |

Opt for a safe and stable product to diversify your debt component

We have all heard about the saying ‘Don’t put all your eggs in one basket’. This stresses on importance of diversification. Diversification is the most important part of your investment journey. Majority of investors generally diversify their investments across two main asset class: Equity and Debt. Of late investing in debt...

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Posted Under: Corporate Law |

Investing in mutual funds? Avoid these mistakes

Sharp correction of March 2020 and subsequent quicker recovery has attracted many investors to equity market. Majority of them are investing through mutual funds. I wish to warn these new investors against the mistakes which novice commit while investing in equity mutual schemes. Let us discuss some of the major mistakes. Making investmen...

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How to reduce volatility risk while getting better returns in equity investing?

Volatility is a double edged sword. The recent crash of March 2020 and subsequent faster recovery has amplified this fact. Those who had taken the risk of investing during the crash are now reaping the benefits. However, the reality is that the risk of volatility deters many individuals with low risk appetite from investing into […...

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Disclosure of Assets in the Income Tax Return (ITR)

Why the requirement to disclose the assets owned by you in the ITR In order to detect the cases of disproportionate increase in the assets as compared to known source of income, the government has mandated individual tax payers to disclose certain assets in their ITR. Let us discuss. To whom this requirement applies? The […]...

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