Tax planning

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 […]

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 […]

Listen to this article Employee Stock Option Plans (ESOPs) is a beneficial plan given to the employees of a company to buy the company shares at a pre-decided price and it forms part of taxable income. Most senior employees working with bluechip companies get ESOPs regularly and they have to pay tax on their ESOPs. […]

Listen to this article Campus placement is fashionable today. Students feel very proud and happy to share with others about their pay package. They think higher the pay package, higher will be their monthly salary. They just divide their package by 12 and calculate the monthly cash inflow and build their castle on it. These […]

Listen to this article If you are a Fixed Deposits, investor, you are not very happy when the tax is deducted at source by the bank from the interest paid to you. You must have thought in what way you can avoid or pay lower taxes in your FDs. Well, we may tell how you […]

Once, our venerable Finance Minister, Mr. M Chidambaram, has said, “Left to God, even he will not like to pay Income Tax”. Though as a responsible citizen of our country, we should pay our income taxes on time and should not avoid paying it. However, if the Income Tax Act, 1961 provides legal opportunities to […]