Posted On:  4 months ago


If you love your country, know why you should celebrate Independence Day by paying your taxes honestly!

We Indians are proud of our country and always show our love and affection towards it by celebrating Independence Day with flag hoisting, viewing parade, posting messages on what’s app, facebook and other social media, singing patriotic songs and the national anthem, and finally by listening speech of the Prime Minister of India. Leaders and many prominent celebrities will comment on various government policies and changes government should implement to make India a better place for next generation.

article author CA Chirag Chauhan

Posted On:  6 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:  9 months ago


12 Things to be done before 31st March, 2017

As we are approaching towards the end of this financial year, there are certain things we should do before the year comes to an end. It is time to ensure that you have your documents and all the pending formalities in place. Tax Planning is important for every taxpayer and the same needs to be done before the end of the year to which Income Pertains. In Addition to Tax Planning Assessee needs to Collect Relevant Supporting and Calculate His Tax Due and Pay the same. Here we have listed things which Assessee needs to do before the end of the year

article author CA Chirag Chauhan

Posted On:  9 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:  1 year ago


Know all about Tax Planning – What, Why and How?

Tax planning can be defined simply as planning your cash outflow towards payment of taxes in legitimate manner most beneficial to you. It draws attention to “Payment of taxes”, here question to be answered is how one can reduce that taxes or one can postpone it to future date using tax planning tools. “Legitimate Manner” means it should not be tax evasion using illegal tools of tax saving and hiding certain transactions.

article author CA Chirag Chauhan

Posted On:  1 year ago


How to avoid clubbing of minor child income with parents

Firstly, to start with what does clubbing of income really mean? Generally a person is liable to pay tax on his/ her earnings only. But under certain circumstances inclusion i.e., clubbing of other persons income is done in the assessee’ s income and thereby he will be liable to pay tax of his income as well as income of that other person too whose income is so clubbed. This inclusion of other person’s income in the assessee‘s income is termed as “Clubbing of income”.

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:  2 years ago


How to reduce tax liability through HUF?

In this article we will discuss how to reduce the Tax Liability using HUF. As it is a separate legal entity in the eyes of Income Tax Act.

article author CA Kapil Goel

Posted On:  2 years ago


Know everything about Panama Papers - Mossack Fonseca - Tax Heaven - Liberalized Remittance Scheme

The 'Panama Papers' are a set of confidential documents leaked from one of the biggest law firms of Panama - 'Mossack Fonseca'. The Panama Papers provide information about thousands of offshore entities, identities of their shareholders and directors. It listed various world leaders, public officials, billionaires, celebrities, sports stars and politicians

article author One Roof Consultant

Posted On:  2 years 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


Feared of cheat while buying house?? Know simple steps to stay secured

What are challenges faced while buying your first home, Steps to be followed while buying property, what is to be considered while buying a property from builder? What is process to buy a house? If this queries are in your mind and you want to get prevented from cheat by builder/seller follow these simple steps to become best buyer in town

article author CA Nikesh Sheth

Posted On:  2 years ago


Tax provisions for Salaried Employees

Tax planning for salaried employees, Tax provisions for salaried employees, How salaried employees can save their taxes ? How salaried employees can plan their tax better ??? This article provide all and important provisions of taxation of salary Income

article author CA Nikesh Sheth

Posted On:  2 years ago


How to Pay Zero Tax for Income up to Rs 10 Lakhs

Earning an Income of Rs 10 Lacs? The Simple Tax Planning can save your Taxes and Build your Portfolio of Investments, Risk coverage and Savings. Keep in Mind following Points. 1. Basic Exemption is taken as Rs 2.5 Lacs. It can be more in case of Senior Citizen 2. 80 C Deduction can provide with many opportunity to save tax and make long

article author CA Chirag Chauhan

Posted On:  2 years ago


WILL-Important points, Tax Advantages of will and Format of WILL

Why you require a will? Will enables a person to put forth in legal form his wishes after his death or even during the course of his lifetime as to how he wants to distribute his property or estate, to whom and in what proportion etc.

article author Dharmesh Jain

Posted On:  2 years ago


Income Tax Provision for Gifts of Cash or Property received by an individual or HUF

Every person receives gifts in most of the occasions as cash, property, etc and as a tax planning tool. This article will help Individuals to know tax implication at the time of receiving gift in Kind or Cash and amount of gift that can be accepted without any tax.

article author CA Chirag Chauhan

Posted On:  2 years ago


Tax Benefit for Disabled Person in India

Tax benefits to individual who are disabled, Parents who have dependents who are disabled including minor and certain benefits to private sector for providing employment opportunities to disabled

article author CA Chirag Chauhan

Posted On:  2 years ago


7 new ways for individuals to save income tax and plan your investment in 2015-16

For many people tax planning is related to only makinginvestments under Section 80C. But there are different provisions in the Income Tax Act and rules which, if used judiciously, may help in considerable tax saving and proper investment Many of you might be aware of deduction in 80C, 80D, etc.

article author CA Chirag Chauhan

Posted On:  2 years ago


A COMPLETE GUIDE TO NRI TAX IMPLICATIONS

A returning NRI should know and understand various aspects of Foreign Exchange Regulations (FEMA), Indian Taxation and Banking Regulations in order to rearrange his financial affairs in India and outside India.

article author TEKUMANI NAVEENKUMAR

Posted On:  2 years ago


Why you need expert to file your income tax returns

People need to file their income tax returns very carefully because of its importance and now open system and tracking of even minute transaction of yours made it more important and tactful task

article author CA Nikesh Sheth