Tax

5 Reasons Why You Can Expect an Income Tax Notice

June 21st, 2015|

As an Indian taxpayer it is very essential that you file your tax returns carefully. To understand the most common tax filing errors typical taxpayers make, you could refer to our article. But despite your best efforts, there can be certain situations because of which you receive a notice from the Income Tax Department. The notice might inform you that […]

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End of the Tax Year Questions to Ask Yourself

May 31st, 2015|

Managing your finances and understanding the taxation system can be a difficult for most taxpayers. And as the financial year ends, it is important that you take steps to work out the tax you need to pay. Similarly, it is important that you make use of all the available options so that that you save on the payable tax as […]

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Investments that can reduce your Tax

May 23rd, 2015|

As an investor, you’re probably always on the look out for those investment opportunities that can earn you the maximum of returns, minimize risks and increase stability of your portfolio. Besides these key factors, you should also look for the savings on the taxes available through tax saving instruments. There are various such instruments available in India today and the […]

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How to eFile Your Income Tax Returns

May 23rd, 2015|

Filing your income tax return is very easy thanks to the various online portals available today. Whether you are an individual or HUF taxpayer, business person or NRI, you can choose the portal that best suits your taxpaying needs. But, to begin with, you must choose the right portal.

How to Choose the Right Tax Portal

  1. The portal must offer the forms […]
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End of the Year Tax Questions to Ask Yourself

May 23rd, 2015|

Managing your finances and understanding the taxation system can be a difficult for most taxpayers. And as the financial year ends, it is important that you take steps to work out the tax you need to pay. Similarly, it is important that you make use of all the available options so that that you save on the payable tax as […]

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10 Tax Filing Mistakes to Avoid

May 21st, 2015|

Like we have discussed in the other articles, the Indian taxation system can be a complicated process to follow. It is essential that you file your returns according to the newest regulations and policies. This is because any errors you make can earn you penalties. In this article, we have for you a list of nine common errors most taxpayers make. […]

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Save Income Tax Through Your Family

May 17th, 2015|

According to the law, every individual is allowed an income slab of up to Rs. 2,50,000 on which tax need not be paid. If your income goes above this level, you can use your family members to disperse your sources of income. In this way, the the income is distributed among more individuals and since each is allowed tax exemption […]

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Advantages of Filing Income Tax Returns Before Deadline

May 17th, 2015|

In India, according to the Income tax Act, 1961, you must file your income tax return before July 31 of the assessment year. This rule applies to salaried people earning an income of less than Rs. 25 lacs, and businessmen running their own enterprises with a turnover of less than Rs. 100 lacs. In case you earn a salary above […]

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