Tax Planning

Tax Saving Through Mutual Fund

Finance - It is always better to plan your taxes in advance so that you can achieve the twin goal of maximizing wealth through investment and tax saving at once. Many a time, in an effort to save taxes at the last moment we end up buying such tax-saving instruments which are not useful in the long […]...

Read More

How to plan your tax-saving investments for the year

Finance - As citizens of India, we are also consumers of the country’s public infrastructure and facilities. When we want these facilities and infrastructure to improve, it is also our duty and responsibility to contribute towards building and maintaining it. Paying income tax and filing income tax returns is one way of doing that....

Read More

How NRIs can avoid Double Taxation?

Finance - To avoid paying tax on same income twice, one can use the provisions of the Double Taxation Avoidance Agreement (DTAA), a tax treaty India has signed with many countries....

Read More

Guide to Submit Investment proof to your Employer

Finance - The Financial Year end is round the corner, and shortly, all employees are required to submit the investment proofs for the year 2017-18. Since the Income tax department made it very clear to all employers to verify the geniuses of each claim made by the employee (circular 1/2017), the document verification will be more stringent [&hellip...

Read More

Advance Tax Provisions, Payment Challan, e-payment Utility & Examples

Finance - As per section 208, every person whose estimated tax liability for the year is Rs. 10,000 or more, shall pay his tax in advance, in the form of advance tax. In this part you can gain knowledge on various provisions relating to payment of advance tax by a taxpayer....

Read More

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

Finance - 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

Finance - 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"

Tax Saving Through Mutual Fund

It is always better to plan your taxes in advance so that you can achieve the twin goal of maximizing wealth through investment and tax saving at once. Many a time, in an effort to save taxes at the last moment we end up buying such tax-saving instruments which are not useful in the long […]...

Read More
Posted Under: Income Tax |

How to plan your tax-saving investments for the year

As citizens of India, we are also consumers of the country’s public infrastructure and facilities. When we want these facilities and infrastructure to improve, it is also our duty and responsibility to contribute towards building and maintaining it. Paying income tax and filing income tax returns is one way of doing that....

Read More
Posted Under: Income Tax |

How NRIs can avoid Double Taxation?

To avoid paying tax on same income twice, one can use the provisions of the Double Taxation Avoidance Agreement (DTAA), a tax treaty India has signed with many countries....

Read More
Posted Under: Income Tax |

Guide to Submit Investment proof to your Employer

The Financial Year end is round the corner, and shortly, all employees are required to submit the investment proofs for the year 2017-18. Since the Income tax department made it very clear to all employers to verify the geniuses of each claim made by the employee (circular 1/2017), the document verification will be more stringent [&hellip...

Read More
Posted Under: Income Tax | ,

Advance Tax Provisions, Payment Challan, e-payment Utility & Examples

As per section 208, every person whose estimated tax liability for the year is Rs. 10,000 or more, shall pay his tax in advance, in the form of advance tax. In this part you can gain knowledge on various provisions relating to payment of advance tax by a taxpayer....

Read More
Posted Under: Income Tax | ,

Tax Benefits Available to Senior Citizens

A person becomes senior citizen under Income Tax Act in any year after attaining the age of 60 even for one day. Once he attains 60 years, his status as senior citizen in that financial year, gives him some relief .There are not many income tax exemptions available for senior citizens. ...

Read More

What a salary structure should include, how we can reduce our salary tax liability

How to reduce your tax liability under salary head for AY 2018-19 Major sub heads of salary income and how we can reduce our taxable income portion: What a salary structure should be...? How can reduce our tax liability, if I am salaried person.? Here I am providing the answer of above question. I hope this article will help you in your t...

Read More
Posted Under: Income Tax |

Deduction u/s. 80C for tuition / school / education fees

Deduction for tuition fees u/s. 80c of the Income Tax Act 1961 is available to Individual Assessee and is not available to HUF. Maximum Child: Deduction under this section is available for tuition fees paid on two children’s education. If Assessee have more then two children then he can claim tuition fees paid of only two children’s. ...

Read More
Posted Under: Income Tax | ,

Deduction under section 80C and Tax Planning

Section 80C replaced the existing Section 88 with more or less the same investment mix available in Section 88. The new section 80C has become effective w.e.f. 1st April, 2006. Even the section 80CCC on pension scheme contributions was merged with the above 80C. However, this new section has allowed a major change in the method of prov...

Read More
Posted Under: Income Tax | ,

What every investor needs to know about Capital Gains Account Scheme?

Mr Chaudhury has just sold his old ancestral house for a lump sum consideration of Rs. 20,00,000. He has now set his eyes on a new apartment which is due for possession within the next two years. Mr. Chaudhury is in a dilemma, he is aware that the amount he has received is a Capital Gain in his hands and is liable to tax. His intention is...

Read More
Posted Under: Income Tax |
Page 1 of 712345...Last »

Browse All Categories

CA, CS, CMA (3,570)
Company Law (3,565)
Custom Duty (6,736)
DGFT (3,536)
Excise Duty (4,060)
Fema / RBI (3,324)
Finance (3,550)
Income Tax (25,860)
SEBI (2,781)
Service Tax (3,296)

Search Posts by Date

January 2018
M T W T F S S
« Dec    
1234567
891011121314
15161718192021
22232425262728
293031