Tax experts answer your budget-related queries
One of the best ways to take the time to research and plan well in advance, is to start on this exercise right in the beginning of the financial year and not at the end of the it, when there are bound to be different constraints on the cash flow and also confusion over what to choose in the last minute frenzy.
This is an equity diversified fund and investors enjoy both the benefits of capital appreciation, as well as tax benefits.
A complete guide for income tax deductions under sections 80D, 80DD and 80DDB which relate to medical expenses and health insurance/mediclaim. Good understanding will help you in substantial tax savings.
Our advice: engage the services of a qualified investment advisor, make an investment plan for your tax-planning investments and stick to it; finally don't deviate from your risk appetite.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Protect your hard-earned wealth with a will -- halt family rifts and secure your children's future. Pranjali Madnani explains how.
United States President Donald Trump on Tuesday (local time) reiterated his opposition to electric vehicle (EV) mandates, criticising government subsidies for Tesla CEO Elon Musk and questioning the broader push for EV adoption in the United States.
Uttar Pradesh's leading export hubs are reeling under the impact of a steep 50 per cent tariff imposed by the US on Indian imports, with exporters warning of job losses, stalled orders and shrinking market access. Industry leaders from Noida, Kanpur and Varanasi said the tariff has put years of painstaking market-building at risk, even as protests and demonstrations erupted in several districts last week.
'We are not asking for incentives, but at least taxation can be aligned such that the rupee tax on consumers remains the same.'
Errors in filing income-tax returns frequently lead to scrutiny notices, additional liabilities, or delayed refunds.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
The biggest risk for investors isn't the market, but their own minds, biases and emotions often lead to poor financial choices.
There are many tax components you need to be clear about and also figure out how to plan your investments to gain maximum returns as well as maximum tax benefits.
A medical insurance policy should always form a part of any individual's financial planning as well as the tax planning exercise.
'Geopolitically and diplomatically it's a very difficult situation for India.'
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Tax saving funds can not only help your money grow but can also help you save and plan your taxes. Here's a list of top 10 ELSS funds in terms of returns that they generated during the year ending June 22.
What many don't realise is that including their spouse and children in their tax planning can enable them to reduce their tax burden legally.
A well-defined asset allocation plan for tax-saving instruments will help you realise not just your tax-planning objective, but also complement your overall financial planning.
While saving tax is important and certainly welcome, it's lot more important to ensure each instrument actually does the job it was originally meant to, says Manish Shah.
Before deciding to go for mutual fund ELSS, here are some points to ponder over.
Here's a list of Top 10 ELSS funds in terms of percentage gain in the last one year till September 7, 2007. These funds not only help you make money but also save taxes as per Section 80C.
Ask rediffGURU and PF, MF and insurance expert Purshotam Lal your mutual fund, insurance and personal finance-related questions.
'It is crucial to understand that the ultimate goal of your investments isn't to pay lesser tax, but to create long-term wealth for you and your family,' says Satyen Kothari, founder and CEO, Cube Wealth.
'Nearly 10 million people will benefit from the increase in the rebate limit for those earning up to Rs 12 lakh.' 'We expect all that money will come back into the economy in either savings, consumption, or investments.'
Do you know you can invest in funds to donate money for a good cause?
rediffGURU T S Khurana answers readers' personal income tax queries.
Finding the right way to save taxes requires a great deal of planning. Here's a helping hand.
You tax-saving investments should not only depend on good returns but also take into consideration the various stages in your life to optimise your investments.
Get Ahead home loan expert Harsh Roongta on tax benefits fo availing a home loan.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The fear of losing purchasing power due to inflation and low-interest rates has led many to explore safe alternatives to fixed deposits with high returns
Prime Minister Shigeru Ishiba's sudden resignation after only a year in office has thrown Japan into political turmoil, raising doubts about how the country will handle economic and regional challenges, observes Dr Rajaram Panda.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
What are FMPs and should you invest in them?
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.