We all make investments to save our earnings, to meet future uncertainties, to save taxes, etc. But, do we save the entire corpus as guaranteed by financial instruments in terms of return. Well, the answer to this question is no, as because we got to pay taxes on the return generated. Frankly speaking, there are [...]

• 0 Comments

Selling your own house and the capital gain arising from it is treated in a different manner and has its own tax implications as per Income Tax Act. Many of us are unaware as to how it should be treated and finally we end up paying taxes on the gains which was previously exempted. As [...]

• 0 Comments

People all around are busy in looking after useful tools of investments to saves taxes. In between this, they forget few things and make some mistakes which can easily be avoided by remaining alert and cautious. 1) Consider all aspects before investing: It’s always wise to broaden the horizon and consider all the factors suiting [...]

• 0 Comments

The much awaited Indian Union Budget for 2012-13 fiscal year was tabled on parliament yesterday by the Finance minister Mr. Pranab Mukherjee.  Most of the tax paying citizens are more concerned about the announcement related to their tax slabs and it does make sense. All the pre-budget discussions and expectaions of tax exempt limit to be raised [...]

• 0 Comments

The Finance Minister has brought an unanticipated change in the Indian tax structure. The tax payers all over India would be engaged in investing in to various tax saving instruments. The last budget presented, brought a change in the tax structure. The Direct Tax Code might be implemented from this April, bringing an overall change [...]

• 0 Comments