Tag Archives: tax saving through investments

Section 80CCD – National Pension Scheme

Section 80CCD – National Pension Scheme There are 770 lakhs registered individual taxpayers as per CBDT (Central Board of Direct Taxes). Individual Taxpayers always in worries about the burden of Direct Taxes. There are numerous provisions under the income tax act 1961 which provide the Tax relief to the different type of assessee whether by […]

Tax Benefits related to rent paid,PPF and National Pension System

Tax Benefits related to rent paid,PPF and National Pension System Tax benefits in respect of rent paid Section 10(13A) of the Income Tax Act provides for Tax Benefits to a salaried person in respect of rent paid for a rented accommodation occupied by him if he is in receipt of House Rent Allowance (HRA) called […]

Save tax in FY 2017­-18 with 6 investments with tax ­free income

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 […]

Determination of cost of improvement of old or inherited land/building in absence of documents

Determination of cost of improvement of old or inherited land/building in absence of documents The question arises specially where the land and building are old one or inherited and sold. In general for old contraction or improvements, assessee does not have any evidence or documents to prove the cost of construction improvement.

Why people should invest in ELSS in 2016

Why people should invest in ELSS in 2016 ELSS is one of the fancy products nowadays. More and more people are choosing ELSS and most of tax saver funds are getting overwhelming response. There are certain factors who have make it the best product among the all tax saving products