Save tax in FY 2017-18 with 6 investments with tax free income While investing in a tax saving instrument or for that matter any investment, it’s important to keep an eye on the taxability of its income. If the income earned is taxable, the scope to build wealth over long term gets constrained as taxes […]
How TDS on salary income works Typically, in the month of April, being the start of the new financial year 2017-18, salaried employees are asked by their employers to send ‘investment declaration statement’. The most popular and frequently used deductions are allowed under section 80C of the Income Tax Act, 1961. Few others sections for […]
Start Investment smartly in the New Financial Year naturally a question can comes in your mind that , “Why Investment smartly in new Financial year?” Well, rather than doing only tax planning in the last moment, its better to plan your investments from the beginning, so that it also takes care of your tax planning. […]
Should you disclose a deposit of less than Rs 2 lakh during demonetisation in your ITR ? In part E of the tax return form that seeks other information from assesses including bank details, another column has been added seeking details of cash deposited between November 9 and December 30, 2016 i.e. during demonetisation if […]
Misconception about Mutual Fund There are few myths and misconceptions associated with investing in mutual fund schemes. Some of these notions have faded over time, as investor awareness has increased but some continue to hold strong. It is imperative to dispel these myths as investments should not be made under wrong impressions. It can throw […]