List of Tax Saving Tax Planning Articles

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

Section 194C of the Income Tax Act covers tax deductions on payments to contractors and subcontractors for work contracts. Learn about Section 194C and the TDS rates.

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.

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.

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.

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

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 […]

Every income tax-paying individual must file an income tax return every year. However, some are exempt from filing tax returns or having a certain limit for which they do not need to pay taxes.

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,

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.

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. […]

‘What is windfall tax?’ is probably one of the most asked questions on the web. Some taxes are charged just once, one such tax that falls under capital gains tax is the windfall tax. Gains from the sale of a capital asset are commonly referred to as capital gains and are payable to capital gains tax. A capital asset is any kind of real estate, […]

Retirement: the twilight years of your life. Whether your retirement will be peaceful or not, depends on the bank balance you have managed to accumulate through your working life.

Professional tax is a popular term, especially among salaried individuals. The payslips and Form 16 issued to salaried individuals evidently mention the deduction of this tax.