Posted On:  3 months ago


How to Pay Zero Tax for Income up to Rs 12 Lakhs from Salary for Financial Year 2017-18

Most of salaried individual do their tax planning at the end of the year, as many are not aware of what all options are available to save taxes. Very few start planning at the beginning of the year. The article will help individuals to plan their taxes well in advance so that can invest and plan in systematic manner much in advance. The Article gives you brief idea on how to save tax and at the same time make proper investment and cover insurance and Medical expenses risk.

article author CA Chirag Chauhan

Posted On:  6 months ago


Financial and Tax planning Gift for Women on their very own day – Happy Women Day!

A woman’s best security is a little money of her own. Demonization proved all theories of women being spenders wrong, by finding lacs in savingof Rs 500 and Rs 1000 notes, saved from reimbursement received for household expenses. We have a very small percentage of salaried women in India. Most women in urban areas do a brilliant job of self-employment ranging from tutoring, handicraft, small trade etc

article author CA Chirag Chauhan

Posted On:  7 months ago


Why should you invest in ELSS for 80C and RBI bond before March?

After demonetization, the only asset class which seems to be giving positive double digit returns is equity. The real estate investment has given zero return in last 4 years. With government capping tax exemption on interest on second property, investing in real estate may not give return in coming years. Investment in fixed deposit is meaning less as it gives negative return considering high inflation and if you include taxes it becomes even worst.

article author CA Chirag Chauhan

Posted On:  9 months ago


Receive digital payment for business and pay Zero Tax for sales up to 1 Crore - Section 44AD

The government on 19th December 2016 issued a press release for encouraging and Promoting Digital Payments & Creation of Less-Cash Economy. One of the measure was to reduced rate in presumptive taxation for transaction in digital mode. The rate of presumptive income of 8% will be reduce to 6% if receipts are done in digital form like wallets, NEFT, RTGS, etc

article author CA Chirag Chauhan

Posted On:  1 year ago


Deductions under 80C available for Non Resident Individuals (NRI’s)

Contributions by an individual or HUF to specified scheme U/S 80c qualify for a deduction up to an aggregate ceiling of Rs. 150000 from gross total income. There are no ceilings on deductions u/s 80C for individual schemes, unless the rules of the schemes provide for their own limits. These schemes include:

article author CA Chirag Chauhan

Posted On:  1 year ago


Tax Planning For Salaried Employees

For most of the people, tax planning involves taking benefit of Section 80 C of Rs. 1,50,000/-. True this is one of the most important tax saving tool, there are other avenues available for the employees. I would like to categorize the tax planning tools into three parts

article author CA. Dhruv Gaglani

Posted On:  1 year ago


Couldn’t submit investment proofs within the deadline ? Claim refund when you file your income tax return

Just like the credit card payment deadlines, Income tax proof submission deadlines are also missed unintentionally. Unlike the banks, the Tax Department does not penalize us for this error. In such a case there is no need to panic as there are ways to save tax and get a refund. Deduction can be claimed at the time of filing return by submitting the proof.

article author Peeyush Kumar

Posted On:  1 year ago


Investment through mutual fund - Mutual Fund Mantras to Help You Create Wealth

The key to creating wealth and achieving life goals through mutual funds depends on how well you make use of these investing principles. Mutual funds: To make life easy Mutual funds are one of the most investor-friendly investments available amongst all the market-linked investments. There are mutual fund schemes for every asset class, be it equity, debt, a mix of them or asset, such as, gold. This makes mutual fund suitable for meeting different goals, at different life stages of an investor. 

article author Sanjay Pithadia

Posted On:  1 year ago


Last few days to plan your Taxes before march end. Get maximum Tax benefit avoid last minute rush

We Indians have will always wait till last minute for execution. Be it Exam preparation during college days or deadline in office for presentation and lastly for planning and avoiding taxes on Income. Salaried individual who had liquidity for investment has made and submitted proof, however many are still left because they are confused or are not able to make right choice for investment.

article author CA Chirag Chauhan

Posted On:  2 years ago


Tax Saving Schemes You Must Know

About some traditional tax saving schemes for individuals which are allowed as deduction under the Income Tax Act and which are also considered to be a good mode of investment.

article author Shivam Tara

Posted On:  2 years ago


Missed to Submit Investment / Deduction Proof to Employer? You can Still Claim Deduction while Filing your Tax Returns and get Refund

It is been common for salaried class people to delay in Investment as the cash flow is always the issue. Most of Employer demands Proof of Investment before December and in some case you can submit proof till February end.

article author CA Chirag Chauhan

Posted On:  2 years ago


Deduction under section 80C of Income Tax Act - Specified investment / Expenses

Investing in various securities then also not satisfied as tax is increasing along with income. Proper investment will help you deduct your tax. This article will help out for investing in proper way. Deduction under 80C is related to deduction that an individual can deduct from his gross taxable income in order to reduce his tax liability by investing in specified investment. Section 80C was introduced on 1st April 2006 which replaces the section 88 with more or less the same investment mix available in section 88. It is applicable to individuals and HUF. An assessee can get deduction under section 80C upto a maximum

article author CA Chirag Chauhan

Posted On:  2 years ago


Make money while saving taxes

The Best Mechanism to Save Up on Taxes and also Make Money out of It.

article author ROHIT SHARMA

Posted On:  2 years ago


Term Insurance v/s Traditional Insurance

Insurance Myths Simplified !!!

article author ROHIT SHARMA

Posted On:  2 years ago


EQUITY LINKED SAVINGS SCHEME (ELSS)

EQUITY LINKED SAVINGS SCHEME (ELSS)

article author Sanjay Pithadia

Posted On:  2 years ago


Eight ways to escape Income Tax legally In India

Times are difficult to hold Black Money. Why not Plan in advance and Save on Taxes. There are few ways if applied can be huge potential to save your hard earned money

article author CA Chirag Chauhan

Posted On:  2 years ago


Right time to Invest in ELSS and claim 80C deduction of Rs 1.5 Lakhs - Income Tax

Currently markets are at lows of 2015 and it is better time to invest in stock market, when there is negative sentiment around. However long term investment story is still intact and India is going to

article author CA Chirag Chauhan

Posted On:  2 years ago


Hindu Undivided Family (HUF)

The concept of HUF says that apart from individuals there is another separate entity called Family which can also have its own assets...

article author Shrenik Kataria