Steps like depositing the entire PPF amount before April 5 or preparing a household budget will ensure this financial year goes well.
It's that time of the year again when one needs tobegin calculating their tax liabilities.
During an hour-long chat with rediff.com on Tuesday, Kripananda Chidambaram, director, Fintotal.com, offered some valuable tips.
If you want his advice on your mutual fund investments, please mail your questions to getahead@rediff.co.in with the subject line, 'Mutual Fund Query', along with your name, and Omkeshwar will offer his unbiased views.
Life insurance offers dual benefits: financial security to your family in case of the policyholder's death as well as helps you save tax, says Alok Patnia.
Three key instruments that can help you meet your financial goals, while also allowing you to enjoy tax deductions are ELSS, term cover and health cover.
As the calendar year comes to an end, employees are asked to file investment declarations to their companies.
There's more to tax0-saving than just Section 80C. The other sections mentioned here too offer good tax deductions to taxpayers.
State FMs okay list of tax-exempt services with certain riders.
In this article we discuss ultra short-term funds and why it makes sense to invest in these funds for meeting short-term goals.
Though we know that Form 16 is for tax filing but many of us still find it hard to understand the components of Form 16 while filing the return. Understanding Form 16 is the key to a better tax planning.
In an hour-long chat on rediff.com, financial planning expert Sailesh Multani offered some valuable tips.
Like the UPA government, probably the NDA government also feels that hardships caused to taxpayers are just collateral damage and that taxpayers are too few and even those few don't have a vote (non-individuals) or don't vote, says Harsh Roongta.
For Indians (NRIs) in America, the beginning of 2011 will mean more tax burden. The estate duty, better known as 'death tax', has been re-introduced.
Microsoft chief Steve Ballmer has sold shares worth $1.34 billion in the software giant this month, offloading the company's shares for the first time in seven years.
Finding the right way to save taxes requires a great deal of planning. Here's a helping hand.
In a chat with Getahead readers on June 22, Dhruva Raj Chatterji research manager at iFAST Fundsupermart.com, AMFI registered mutual fund distributor, answered queries about contra and value mutual funds. For those who missed the chat here is the transcript.
To resolve the so-called 'angel tax' issue, the start-ups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of scrutiny in respect of valuations of share premiums, she said.
The chief financial officer's responsibility has become more complex. He no longer just crunches number but also leads the company on various fronts.
One of the most effective methods of lowering the incidence of income tax is by means of legal transfer of your sources of income among as many family members as possible, so that each family member enjoys the basic personal income tax exemption limits.
Acknowledging that effective taxation of mobile income is a key challenge, G20 leaders including Prime Minister Manmohan Singh on Friday vowed to take steps to change rules to tackle tax avoidance, harmful practices and aggressive tax planning.
Most people starting their careers feel liberated that they are finally earning money and, can actually spend it without seeking it from parents. They forget several important things, saving for the future, creating a retirement corpus and taxes.
Is it ok to make tax planning investments at the end of the year? This article will address this question.
Keeping a track of the latest developments will help you plan your investments wisely
With the tax planning and investment season coming to an end this month, many are running around to get the best of the plans available in the market. Most of the limit available under Section 80C would have been over by now. Are there other ways to get tax benefits from taking up useful investments/expenses? Yes, there is always the health insurance plans.
It's best to start your tax planning in the beginning of the year to help you systematically grow your savings coupled with the added benefit of tax saving realised at the end of the financial year.
The provisions of deduction of tax at source apply to both but in some cases it is possible to save tax through proper tax planning.
A long-standing concern (over the past 3-4 years) with Kotak Mutual Fund has been a string of changes at the CIO level. The fluidity has deprived the fund house of a stable fund management strategy.
Switzerland only provided information on tax fraud that led to criminal activity. But the Swiss definition of tax fraud is quite narrow, which means that a false invoice is not a crime. Now, any tax abuse will be covered.
As the end of financial year approaches investors are suddenly woken up to the existence of the Income Tax department. If you haven't done the tax planning in advance then this is the time to carefully select the investment products under Section 80C.
If new goals have emerged, this is the time to make fresh investments.
In a few months' time the taxman will coming knocking on your door.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
N J Yasaswy suggests two approaches to profit from this tax haven and how to spread the joy of tax-free gains to your entire family.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Barcelona agreed to pay a fine of 5.5 million euros ($6.21 million) to the Spanish authorities to settle a tax fraud case over the transfer of Brazil international Neymar in 2013.
'It was like a doctor giving some simple pain killers to a patient in dire requirement of chemotherapy.' 'There was no sense of urgency or desperation in this particular Budget.'
ELSS are mutual funds that invest in the stock market and give the tax benefit under Section 80C of the Income Tax Act.
Have a query regarding tax planning or tax filing? Maybe we can help. Drop us a line and our expert, Anil Rego of Right Horizons, will answer it. Got a question for Anil Rego? Please write to us at getahead@rediff.co.in with the subject line as 'Tax query'.
You get a tax benefit when you invest in an ELSS scheme, dividends are tax free and when you sell the units after three years, you pay no tax. And it has the lowest lock-in period when compared to the other options under Section 80C.
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