Tax Savings

Articles

2017-07-06 17:19:31

Why Should You Cut TDS When Paying Rent In Excess of Rs. 50000?

The taxpayers in India are witnessing a huge shuffling in the taxation strategies. People are on alert and attentive to any announcement made by the Income Tax Department and Finance Ministry. In this context, a new rule is implemented by the government for tenants who are paying rent of Rs. 50000 or more per month. 

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Tax Savings

Articles

2017-06-06 12:36:22

Streamline Your Tax-Saving Investments with an SIP in ELSS

Everyone has some dreams and a financial goal in life. We are ready to walk an extra mile to fulfill these desires for a comfortable retirement, children education, or a bigger home. You may work harder and save more to live your dream. However, you saved money should also scale with your growth. Instead of parking it in a bank, invest your money with an adequate planning, so that your gains will forever stay with you.

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Tax Savings

Articles

2017-06-06 12:20:26

Looking to Reduce your Tax Burden? Don’t Fake it with Forged Rent Receipts!

Conventionally, it was a normal procedure for salaried individuals to furnish fake rental receipt from relatives or parents while filing their returns. In fact, this practice was common as the easiest way to lower down the tax burden for the fraternity of salaried class. Authorities were aware of this fact but it was taken as a minor transgression.

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Tax Savings

Articles

3/1/2017

Best Ways to Save Taxes on Your Salary

The government offers numerous allowances and incentives to salaried people apart from the exemption clause of 80C which can reduce their tax liability to a greater extent. Here are few steps that can significantly help salaried persons to save more on their salary and pay less tax legally.

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Tax Savings

Articles

12/2/2016

Worried about penalty on cash deposit: Know everything about it

In last 20 odd days, it has been a chaotic phase for every individual of the country. People are worried. Moreover, they were panicking on this situation. On this issue, there is no cause of worry if your cash in hand is justifying your income tax returns. If you have a proper source of income and you have paid taxes properly, you needn’t hit the panic button.

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