List of Tax Saving Tax Planning Articles

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? […]

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.

The government collects taxes in the form of income tax, direct taxes and indirect taxes. Direct taxes are paid to the government directly from the individual earning money. On the other hand, indirect taxes are the seller’s responsibility to deposit with the government.

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

Individuals often earn income from various sources worldwide. However, not all countries tax foreign income earned by their residents. If you’re an Indian resident with income sourced from abroad, you may wonder about India’s taxation policies concerning such earnings. The Indian tax system does indeed impose taxes on foreign income. This article aims to explore all about taxation of foreign source income in India. Determining […]

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.

A frequent question that arises in the mind of homeowners is who can claim tax benefits on a second home loan. As per banking laws, there are no restrictions on the number of home loans a person can take.

Income tax regulations for Non-Resident Indians (NRIs) present distinct differences compared to those applicable to resident Indians. NRIs are obligated to pay taxes on all income and capital gains earned within India’s jurisdiction. This taxability of non resident in India diverges from that for resident Indians, emphasizing the need for NRIs to comprehend their tax obligations regarding capital gains and income generated within India’s borders. […]

STT is levied on purchase or sale of securities that are listed on the Indian stock exchanges. This would include shares, derivatives, or equity-oriented mutual funds units,

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 […]

Paying taxes is an inevitable part of being a working-class citizen or entrepreneur/business owner.

The tax structure in India is a three-tier which includes the Central Government, State Governments and Local Authorities.

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 […]

The essential goal of earning money is eventually to let your money make more money! While there are numerous ways of multiplying one’s wealth, the traditional method that everyone turns to is the Stock Market! The equal-risk equal-gain opportunity stock trading markets offer, reels in investors from all corners.

As you may be aware, taxes are a vital component of any economy and have a big impact on a nation’s progress and development. This also applies to corporate tax, which is why it is so important for both individuals and business owners to understand how it operates in India. So, let’s discuss this corporate tax meaning in detail. What is Corporate Tax in India? […]