List of Tax Saving Tax Planning Articles

The Indian Tax structure is complex, which is difficult for a common man to comprehend. Many times in absence of proper information and lack of awareness individuals neglect their tax formalities altogether.

One of the first documents that we are supposed to check when filing tax returns is the Form 26AS. This is automatically uploaded by the Income Tax department into your secured PAN access area in the e-filing website. Form 26AS is not only an important document but also one of the most authentic records of how much tax has been deposited by your deductor into the government account.

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.

This is a common problem when you use the right form but make mistakes in filling up the form or omit important items. However, you don't need to worry as the tax department gives you the option to rectify your error under section 154. The process is quite simple, Just log in to the e-filing portal and under the rectification tab, choose the order/intimation to be rectified and the assessment year.

According to the Indian Stamp Act, 1899, the Central Government levies stamp duty on the exchange of instruments, where an instrument is defined as any document by which any right or liability is created, or is purported to be created, transferred, limited, extended, extinguished or recorded.

The dynamic landscape of the digital era is gradually replacing traditional tax payment methods with superior alternatives. One notable innovation is the e-Pay tax online system. This groundbreaking technology not only streamlines and enhances accessibility in the process for both individuals and businesses, but it also ushers in an age of unprecedented convenience. Benefits of Paying Tax Online Some of the benefits of paying tax […]

What is Advance Tax Late Payment Interest? Advance tax is also referred to as the pay-as-you-earn tax system that necessitates taxpayers to remit taxes beforehand in installments on specified dates designated by the tax authorities. Familiarizing oneself with these dates and ensuring timely payments is crucial. Any individual or business liable to pay taxes exceeding Rs.10,000 in a fiscal year must comply with advance tax […]

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.

You may have rummaged Google in an attempt to find the right answer, all for nought. The amount of income tax to be paid depends solely on how much you earn and your total taxable income.

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

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. […]

Investing in equity not only helps you diversify your portfolio but also fetches high returns in the long term. Investing in equity also offers various tax exemptions and deductions which you can avail of on your stock market investments.

It is essential to know of the reliefs the Income Tax laws grant to assessees under the scanner to reduce the damages caused by such operations.

to risk appetite and return expectations, many aspects influence the decision to choose an appropriate avenue. Among the plethora of avenues for investments, Fixed Deposits (FDs) and the stock market stand out as popular choices. Let us consider FD vs stock market to determine which would be the right option for you. An Overview of Fixed Deposits FDs involve depositing a specific amount of money […]

Finance Bill is presented usually in the last week of February every year and this bill contains amendments in direct as well as indirect taxes. It is usually presented in the Parliament by the Finance Minister.