List of Tax Saving Tax Planning Articles

Patta Chitta is a land ownership record kept by the Tamil Nadu government. Learn more about Patta Chitta and its importance in this quick guide by India Infoline.

Everyone wants to save more, and create a financially stable future that covers every expense even without a regular source of income.

Buying a house is one of the biggest financial decisions that you will make in your life. It is an overwhelming experience, both financially and emotionally. While buying a house, we need to identify the property, make down payment, apply for loan, sign the sale agreement, etc.

Taxpayers, facing time constraints, may initially file inaccurate or incomplete income tax returns. To address this, the Income Tax Act’s section 139(5) permits the filing of revised returns, enabling corrections and the inclusion of omitted information for accuracy. But many individuals are clueless about how to file a revised tax return. This blog will help you understand that in detail. What is a Revised Return? […]

Learn why tax planning is crucial for long-term investments. This guide explores tax-efficient strategies that can optimize returns and reduce liabilities over time.

The Savings Bank Account operates as a virtual piggy bank. You accrue interest, which then incurs taxation under the category of ‘Income from Other Sources.’ However, numerous individuals remain oblivious to this mandatory tax payment. Section 80TTA of the Income Tax Act from 1961 presents an opportunity – one can deduct up to Rs 10,000 on interest income earned specifically from a savings bank account. […]

Double taxation occurs when the same income gets taxed twice, either in two different countries or under two different tax regimes in the same country. This places an extra and unfair tax burden on taxpayers. However, India’s tax laws provide certain relief measures that you can avail to reduce the impact of double taxation on your finances. This article will discuss what double taxation relief […]

The Income Tax Act divides the income received by a person into five different heads. One of them is the income from house property that comprises the income earned by a person through the property(s) owned by him/her.

Tax planning is the most vital activity you can undertake to ensure a burden-free financial future.

An advance tax meaning is pay-as-you-earn plan, is simply paying tax obligations ahead of time at the end of a fiscal year. It is due when a person’s tax liability in a given fiscal year reaches Rs. 10,000. Notably, this type of tax is paid in the year that the revenue is created and is paid in instalments on due dates. Since it makes it […]

Taxes play a crucial role in a country's economic growth. Know the key differences between direct and indirect taxes, along with their benefits and drawbacks.

Taxes in India consume a considerable portion of your earnings. Without proper tax planning, this compulsory contribution can eat a large bite of your hard-earned money.

In the case of financial planning and tax-saving strategies, the Hindu Undivided Family (HUF) emerges as a powerful asset. Despite being often overlooked or misunderstood, the HUF presents numerous advantages for individuals aiming to streamline tax obligations while simultaneously safeguarding and overseeing family assets. This article will explore the HUF meaning, its operational mechanics, and the compelling reasons why it represents a prudent option for […]

The Indian law requires everyone who earns to pay income tax. The more you earn, the higher the tax. However, in the long term, paying higher taxes is attributed to lesser savings.

ITR-V stands for Income Tax Return“Verification™ Form. It is a one page document. ITR-V is received when you file your I-T return online”without using a digital signature. It is sent by the I-T Department.