List of Tax Saving Tax Planning Articles

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.

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.

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.

This comprehensive guide explains everything you need to know about ELSS mutual funds, including tax benefits under 80C, lock-in period, risks, and investor suitability.

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.

It is very understandable that as a salaried employee, you would be frustrated whenever you hear about tax. As a result, by the majority of salaried individuals, tax is perceived as the evil of paychecks. With several jargon and constantly changing tax laws, we do not realize how much of our money is being eaten by taxes and how much we can save. That being […]

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

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 […]

Navigate tax planning in India with confidence. Learn strategies to save taxes legally, maximize deductions, and stay compliant with the latest laws.

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.

For the government, taxes are an essential source of revenue. On the other hand, double taxation happens when taxes are levied at different rates on the same income, which greatly raises the tax obligation. This may occur if the income source and the recipient are subject to taxes. However, it is essential to comprehend the idea and forms of double taxation in order to prevent […]

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.

Are you a resident Indian with a gross taxable income exceeding Rs250,00 yearly? Or do you own any movable or non-movable assets in this country? If yes, then you need to file your Income Tax Returns (or ITR) every year.

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.

Learn how to compute TDS on salary by following this comprehensive guide. To find out the precise Tax Deducted at Source (TDS) for your wage, familiarize yourself with the income tax slab rates, exemptions, and deductions.