Income Tax : Learn about the income tax benefits available to resident senior and very senior citizens, including higher exemption limits, dedu...
Income Tax : This article explains the advance tax provisions under the Income-tax Act, including liability thresholds, exemptions, and instalm...
Income Tax : The article outlines practical methods through which business owners and professionals can legally minimise their tax burden. It h...
Income Tax : HRA exemption and home loan deductions operate under separate sections of the Income Tax Act. Taxpayers may claim both under the o...
Income Tax : The revised content expands tax planning guidance for business setup by extending deduction analysis up to AY 2026-27 and Tax Year...
Income Tax : Trusts and institutions carrying out charitable activities will face more stringent taxation regime when the new direct taxes code...
Finance : Money managers, who have historically used dividends as a ploy to lure investors to tax-saving stock funds, are shying away from p...
Income Tax : Bhoruka Steel Limited (BSL) was incorporated in the year 1969. The company became a sick industrial company within the meaning of...
Income Tax : Wallfort Shares & Stock Brokers, a Five Member Special Bench of the Tribunal (96 ITD 1 (Mum) (SB)) and the Bombay High Court (310 ...
Explore effective tax planning strategies for individuals as the year-end approaches. Discover deductions under various sections like 80C, 80D, 80E, and more. Maximize savings and minimize tax liability.
Ever since income tax became a reality, people have been trying to find ways to reduce their tax liability. But with so many tax-deductible expenses and exemptions, it can be hard to know which deductions to use and which ones to leave out.
Learn how tax planning can help salaried employees save money on income tax. Discover deductions, exemptions, and allowances that can reduce your tax liability.
Unlock the potential of tax planning for house property with insights into Income Tax Act, 1961. Learn about deductions and exemptions for property owners, including municipal tax, standard deduction, and interest on loans. Explore benefits under different income heads, such as Capital Gains, and exemptions like Section 54 and 80C. Maximize your tax savings with expert guidance on legal aspects. Stay informed and reduce your tax burden effectively.
Explore the distinctions between financial planning and retirement planning, delving into instruments like NPS, PPF, EPF, APY, bank deposits, fixed deposits, and real estate. Learn how to secure a financially independent and comfortable life post-retirement.
Discover seven smart income tax planning tips to reduce your tax liabilities legally and effectively.
For the central government employees, the government was already contributing 14% of employees wages towards employee’s NPS account. Starting this FY, state government employees will receive a 14% contribution into their NPS account from their respective state governments.
The new financial year (FY) 2022-23 (i.e., April 1, 2022 to March 31, 2023) is finally here. Most of us leave our income-tax planning till the last minute. But it’s always better to start planning your taxes at the start of the year. Here’s a list of different tax provisions which would help in planning […]
The March ending of a financial year is not just important for CA’s in completing the income tax assignments for the previous financial year but also for taxpayers in order to invest in different instruments for tax saving purposes. However the perception has changed in recent times and now the taxpayers not only want to […]
It has been deeply engraved and rooted in the mind of general individuals that getting wealth and accumulating money is impossible and only lucky people can be rich. However, if one would speak to people who accumulated wealth, they would tell it is easier. Financial and tax consultant can acts as helping hands to the […]
