Tax Planning

7 Things to do before 31st March 2021

Income Tax - As we are approaching end of the financial year, there are certain tasks which we need to complete by 31st March 2021. Some of such task includes Submitting the details of salaries received from earlier employer, Submit the proof of expenses to your employer, Verifying quantum of deductions available from your bank records, Payment of [&h...

Read More

Tax Saving- An art of Investing

Income Tax - When the end of financial year is round the corner and the deadline of March 31 is hovering over the mind of individual taxpayers so that they can invest the minimum amount required to reduce their income tax liability by max possible amount....

Read More

Tax Planning & steps to take before 31st March 2021 – Capital gain tax perspective

Income Tax - My objective is to brief on existing capital gain tax structure on short term and long term transactions and to give 'To do list before March end' which helps to minimize the tax....

Read More

Ways to Save Income Tax In 2020-21

Income Tax - Paying taxes on one’s income is a legal and moral responsibility for every citizen. At the same time, some taxes might seem too steep and you may feel the need to reduce the tax burden. After all, you are being taxed from your income and would like to maximise your take-home salary/business income! Fortunately, the […]...

Read More

ETMONEY– Helping You Reduce your income tax and get financially fitter at the same time

Income Tax - Wealth isn’t created in a day, it takes time and all of it begins with saving money. Hence, it’s very crucial to pursue every effort for saving your hard-earned money and the steps you choose define your overall wealth portfolio. One way to save money is using tax-saving deductions for reducing the tax burden. Lesser […]...

Read More

DTC will not provide deduction for donation to relegious trust and may tax NGOs

Income Tax - Trusts and institutions carrying out charitable activities will face more stringent taxation regime when the new direct taxes code comes into play from April 1, 2011.The new Code will particularly hit non-governmental organisations (NGOs). All NGOs and charitable trusts registered with the Tax Department may be required to fork out 15 per...

Read More

Fund managers not willing to annouce dividend this year

Income Tax - 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 dividends in 2008/09, compared to 20 last year. The March quarter, which typically sees hecti...

Read More

S. 10(38) Sale of land through sale of shares by company holding only land is valid

M/s Bhoruka Engineering Inds. Ltd Vs The Deputy Commissioner of Income Tax (Karnatka High Court) - Bhoruka Steel Limited (BSL) was incorporated in the year 1969. The company became a sick industrial company within the meaning of SICA.It was proposed that 30 acres of land along with building and structure to be disposed of....

Read More

Supreme Court upheld Dividend-Stripping Law

CIT Vs. Walfort Share & Stock Brokers (Supreme Court of India) - Wallfort Shares & Stock Brokers, a Five Member Special Bench of the Tribunal (96 ITD 1 (Mum) (SB)) and the Bombay High Court (310 ITR 421 (Bom)) held that the ‘loss’ incurred by an assessee in ‘dividend-stripping’ transactions cannot be disallowed on the ground that it was ‘tax-planning‘...

Read More
Sorry No Post Found

Recent Posts in "Tax Planning"

7 Things to do before 31st March 2021

As we are approaching end of the financial year, there are certain tasks which we need to complete by 31st March 2021. Some of such task includes Submitting the details of salaries received from earlier employer, Submit the proof of expenses to your employer, Verifying quantum of deductions available from your bank records, Payment of [&h...

Read More
Posted Under: Income Tax |

Tax Saving- An art of Investing

When the end of financial year is round the corner and the deadline of March 31 is hovering over the mind of individual taxpayers so that they can invest the minimum amount required to reduce their income tax liability by max possible amount....

Read More
Posted Under: Income Tax |

Tax Planning & steps to take before 31st March 2021 – Capital gain tax perspective

My objective is to brief on existing capital gain tax structure on short term and long term transactions and to give 'To do list before March end' which helps to minimize the tax....

Read More
Posted Under: Income Tax | ,

Ways to Save Income Tax In 2020-21

Paying taxes on one’s income is a legal and moral responsibility for every citizen. At the same time, some taxes might seem too steep and you may feel the need to reduce the tax burden. After all, you are being taxed from your income and would like to maximise your take-home salary/business income! Fortunately, the […]...

Read More
Posted Under: Income Tax |

ETMONEY– Helping You Reduce your income tax and get financially fitter at the same time

Wealth isn’t created in a day, it takes time and all of it begins with saving money. Hence, it’s very crucial to pursue every effort for saving your hard-earned money and the steps you choose define your overall wealth portfolio. One way to save money is using tax-saving deductions for reducing the tax burden. Lesser […]...

Read More
Posted Under: Income Tax |

All about HUF and Its Taxability

Hindu undivided family has always been a contradictory topic. There have been many judgments passed and challenged. HUF is not defined under The Income Tax Act. But its taxability is covered under the Act. It is created by Hindu, Jains, Sikhs and Buddhists family. The group of individuals must share common roots. Forming an HUF […]...

Read More
Posted Under: Income Tax |

Comparison of Various Income Tax Saving Schemes 2021

Comparison of Various Saving Scheme  Article explains comparison of Various Saving Scheme for the purpose of Tax Planning & Investment Plan i.e. Very Simple analysis / summarized view of below mentioned schemes is as under:- 1) Sukanya Samriddhi Scheme 2) Pubilc Provident Fund 3) Kisan Vikas Patra 4) Senior Citizen Saving Scheme ...

Read More
Posted Under: Income Tax |

How Can Family Help You Save Taxes?

INTRODUCTION: ‘Families Are That Compass That Guide Us, Inspire Us and Comfort us When We Falter’ But additionally, as family members we can save money and grow together. Let’s dive into the article to understand how to take family route for saving taxes. WAYS OF PLANNING TAXES THROUGH FAMILY MEMBERS: IN CASE OF HOME LOAN: [...

Read More
Posted Under: Income Tax |

HUF: A Tax Planning Instrument

HUF can be used as an efficient tax saving tool that can be used to reduce taxes by proper Tax Planning. The notion of HUF Hindu undivided family) is particularly relevant In India since joint families exist in Indian culture where an individual’s income is also taxed as joint income. Income is charged on family […]...

Read More
Posted Under: Income Tax |

Tax Planning, Tax Evasion, Tax Avoidance & Tax Management

All about different terms under Income Tax Act, 1961 Tax Planning, Tax Evasion, Tax Avoidance & Tax Management Very Simple analysis of different terms under Income Tax Act, 1961 Tax Planning, Tax Evasion, Tax Avoidance & Tax Management is as under:- 1) Tax Planning Tax Planning means reducing tax liability by taking advantage of t...

Read More
Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (5,339)
Company Law (7,086)
Custom Duty (8,392)
DGFT (4,505)
Excise Duty (4,468)
Fema / RBI (4,613)
Finance (4,878)
Income Tax (36,519)
SEBI (3,894)
Service Tax (3,695)

Search Posts by Date

April 2021
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930