It really hurts to see a large pie of the salary cut towards tax. So the obvious question in everyone’s mind is ‘How do I reduce my tax?’. Every year we are forced to invest in something which reduces our tax liability. It may be NSC…it may be PPF…it may be ulip…it may be Mutual […]
Tax planning
4 Types of NRI Banking/Savings Account. How to make use of these accounts?
Listen to this article Are you confused about choosing the right bank account to use as an NRI…? You will get the answer in this article. An Indian living abroad doing a service, running a business, or pursuing any vocation is a Non-Resident Indian. It is estimated there are over 25 million NRIs spread across the […]
5 Things NRIs need to know when filing Income Tax Returns in India
The income that NRI earn abroad is not taxable in India. Nevertheless,some NRIs also have an earning in their aborigine country, India in the form of interest from deposits, property rent, etc. This income has a basic limit of exemption, which is Rs2 lakhs. If the NRI earnings from such native sources cross the fixed […]
5 Mistakes You Should Avoid in Selecting Tax Saving Investments
The word ‘tax’ troubles every salaried individual and business person, equally. Nobody likes when a portion of their income gets deducted in the form of tax. Therefore, individuals that fall in the tax bracket, choose certain tax-saving schemes like PPF, Mutual Funds, and tax-saving FDs, life insurance, Mediclaim policy or property investment. The deduction available […]
How to get exemption from paying Capital Gain Tax?
One of our distinguished Finance Ministers had made this famous statement in one of his speeches, “Even God would not like to pay taxes!” reinforcing the general dislike of tax payers in paying taxes. However, our lawmakers are human, and they understand this general aversion of people to pay taxes. That may be one of […]
What every investor needs to know about Capital Gains Account Scheme
Listen to this article The Query Mr Chaudhury has just sold his old ancestral house for a lump sum consideration of Rs.20,00,000. He has now set his eyes on a new apartment which is due for possession within the next two years. Mr. Chaudhury is in a dilemma, he is aware that the amount he […]
