Exclude travel allowance from your salary. This will reduce your taxable income. In addiiton to this you can invest upto Rs 100,000 either in Life Insurance, PPF, NSC, fixed deposit with bank and claim further further reduction, says Vikas Gandhi.
Car loan is not eligible for any tax exemption similar to that of house loan, says direct tax expert Vikas Gandhi.
Mortgage loan won't qualify for benefits under Income Tax, says tax expert Vikas Gandhi.
You cannnot take benefit for a home loan which has been taken in some other persons name, says tax expert Vikas M Gandhi.
'What should surprise BJP supporters is Modi's call for 'stability' at the manifesto launch, a theme that he and his team members had not touched ahead of the Lok Sabha polls in 2014 and 2019.' 'The last time the party called for 'stability at the Centre' was in 1998 and 1999,' recalls N Sathiya Moorthy.
This time Modi has no emotive message to take to the stump. Muscular nationalism doesn't work against the backdrop of China's successive inroads into Indian territory. Rising prices is a sore point that cuts across class and caste barriers; unprecedented levels of unemployment has the youth in a ferment. This has reduced the BJP campaign to a laundry list of recycled grievances and thinly veiled communal appeals, neither of which are working as well as they have in the past, argues Prem Panicker.
Amid strains in the Maharashtra Vikas Aghadi alliance over Rahul Gandhi's strident criticism of V D Savarkar, Nationalist Congress Party chief Sharad Pawar has stepped in to play the peacemaker by conveying the Shiv Sena's concerns on the issue to the Congress leadership.
'Hindutva will not win any elections. Hindutva as a political plank never works.'
The resolution noted that the Ram temple is a symbol of India's vision, philosophy and path. "Shri Ram temple has truly become a temple of national consciousness," it said and added that every Indian was happy to see the divine consecration of Lord Shri Ram.
NCP supremo Sharad Pawar had asked Rahul Gandhi to tone down the criticism of Savarkar and reminded the Congress leader that the real fight of the opposition parties was with Prime Minister Narendra Modi and the BJP.
'Not just Maharashtra, the Congress has not fielded even one Muslim candidate from Rajasthan, Chhattisgarh, Gujarat, Madhya Pradesh and Goa.'
On Tuesday, when trends indicated she was going to win her election, the four-time National Award winner said, 'Heartfelt gratitude to all the people of Mandi for this love and trust... This victory belongs to all of you, this is the victory of your trust in Prime Minister Modi and the BJP, this is the victory of Sanatan and in the honour of Mandi.'
'It is clear that economic policy and reform under this administration will always be afterthoughts, something to be carried out only when no other political concern intervenes -- when, in other words, the government feels safe and comfortable enough to take a moderate risk,' argues Mihir S Sharma.
'Nobody is speaking up for Muslims today.' 'Secular parties too have calmed down because they feel this will hurt the Hindu vote (bank).' 'In this scenario, where does a Muslim go?'
Loss incurred in F&O transaction is considered as speculation loss and this can be carried forward to subsequent years, provided you file your return within the due date, says direct tax expert Vikas Gandhi.
Direct tax expert Vikas M Gandhi offered some valuable tips on tax saving during a chat on Thursday.
In an hour-long chat on rediff.com on Thursday, direct tax expert Vikas M Gandhi offered many valuable tips.
Veteran Congress leader Prithviraj Chavan has said that his party has agreed not to raise the issue of V D Savarkar since the three Maha Vikas Aghadi (MVA) partners hold different views on the late Hindutva ideologue.
Direct tax expert Vikas Gandhi offers some valuable tips.
One has to include one's savings bank interest while calculating one's taxable income and pay tax on the same, says direct tax expert Vikas Gandhi. In ITR, one needs to have schedule of income from other sources. For online payment of tax, visit tin.nsdl.com.
Gift received from relatives are exempt from tax and hence one does not have to pay any tax on such income, says tax expert Vikas Gandhi. One can show such incomes under Exmept Income schedule.
Income tax return has to be filed per person and not per income. Hence one has to file only one return with all the income included, says direct tax expert Vikas M Gandhi.
Congress leader Rahul Gandhi must apologise and take back all his remarks against late Hindutva ideologue V D Savarkar before entering Maharashtra, Bharatiya Janata Party state chief Chandrashekhar Bawankule said in Nagpur on Friday.
After much flip-flop, the Congress decided to form an alliance with the Bharat Adivasi Party (BAP) and the two parties fielded their joint candidate -- Rajkumar Roat. However, the Congress candidate, Arvind Damor, whose name was announced before the stitching of the alliance, has refused to withdraw his nomination.
The Congress forget Modi has demigod status in Gujarat and there is no way he can be defeated in the state, argues Syed Firdaus Ashraf.
Gift is not regarded as an expense and hence whatever amount of gift you give, you will not be able to reduce it from your taxable income, says tax expert Vikas Gandhi.
It's great to win election after election on the strength of Modi's charisma and voter appeal, but the larger the Modi myth grows, the more the BJP diminishes, notes Saisuresh Sivaswamy.
The alliance leaders are getting together for the third round of the brainstorming session in Mumbai, after Patna and Bengaluru, to chalk out their common campaign strategy to take on the NDA in the 2024 Lok Sabha elections.
The two-day deliberations, which will be held at Grand Hyatt in the suburbs, will begin in the evening of August 31 and from 10am on September 1. The meeting will be followed by a press conference, Raut informed.
Approximately 80 leaders from more than 26 political parties are expected to attend the third meeting of the INDIA alliance in the country's financial capital, they said.
Former Maharashtra Chief Minister Ashok Chavan joined the ruling Bharatiya Janata Party (BJP) in Mumbai on Tuesday, a day after quitting the Congress.
Speculation is rife in political circles over the past few days that he is likely to join the Eknath Shinde-led Shiv Sena.
The India Meteorological Department on Friday predicted that Delhi will likely receive light to moderate rain accompanied by thunderstorms for the next 4-5 days.
cution' of the Brahmins in the regime of Adityanath, a Rajput, accused of pandering to his caste's interests. Radhika Ramaseshan reports.
Gandhi, who is usually flanked by senior party colleagues, was also greeted by both President Droupadi Murmu and Vice President Jagdeep Dhankhar.
As Hyderabad prepares the road map for its Metro rail, the city's oldest markets face survival threat.
He said the Maha Vikas Aghadi alliance of three parties -- Sena-UBT, Congress and Nationalist Congress Party -- was formed to protect democracy and it was necessary to work unitedly for it.
Net taxable income is the final income arrived after deducting all possible exemptions and deductions. This is the amount on which tax is calculated. 2) In case of an Individual, Surcharge is levied at the rate of 10% on the tax, if the net taxable income exceeds Rs 10 lakhs (Rs 1 million). 3) As per the new tax rates proposed, overall savings in respect to Tax will be approx Rs 44,000, says direct tax expert Vikas Gandhi.
In an hour-long chat on Thursday, direct tax expert Vikas Gandhi offered some valuable last minute tax-saving tips.
Prime Minister Narendra Modi has honoured Hindu, Buddhist, Sikh and Jain refugees by giving them citizenship through Citizenship (Amendment) Act (CAA), Union home minister Amit Shah said on Tuesday and maintained there is no provision of stripping of anyone's citizenship in the new law.
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