अपनों को नगद उपहार देकर बचाएं टैक्स

इन्कम टैक्स की विभिन्न धाराओं के तहत टैक्स बचाने के तमाम तरीके हैं। इन्हीं में से एक है धारा 56। अगर आपकी आमदनी टैक्स योग्य है और तमाम तरह के निवेश के बावजूद आपको टैक्स देना पड़ रहा है तो चिंतित होने की जरूरत नहीं है। आप अपने संबंधियों को नगद उपहार देकर आसानी से [...]

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मनी बैक : बीमा, बचत और आमदनी तीनों एक साथ

 

मनी बैक प्लान परंपरागत एंडॉमेंट प्लान का ही मिलता जुलता स्वरूप है। अंतर बस इतना है कि एंडॉमेंट प्लान में बीमित राशि (सम एश्योर्ड) बीमा अवधि (टर्म) पूरी होने के बाद ही मिलती है। जबकि मनी बैक प्लान में एक निश्चित अंतराल पर बीमित राशि का कुछ हिस्सा मिलता रहता है। बाकी हिस्सा बोनस सहित [...]

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रिटर्न आसानी से भरने के लिए

एक पुरानी कहावत है कि पुरुष से उसका वेतन और महिला से उसकी आयु नहीं पूछनी चाहिए। यह कहावत आपके टैक्स सलाहकार पर लागू नहीं होती। साल का वह समय आ गया है जब आपको आयकर रिटर्न भरने के लिए अपनी आमदनी की जानकारी देनी होगी। रिटर्न भरने को आसान बनाने के लिए आपको क्या [...]

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File Your Tax Return Online

FIRST, there were two-minute noodles. Then there were 30-minute pizzas. And now you can file your tax returns, online, in 20 minutes! And here’s the icing on the cake: the government has done away with that long list of documents you had to submit, earlier.
Should I go the online way?Chartered accountant Sandeep Shanbhag offers [...]

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Escorts Leading Sectors Fund (D)-New Mutual Fund Offer

Issue Open 03-Jul-2008
Issue Close 01-Aug-2008

Scheme Objective

Escorts Leading Sectors Fund, is an open-ended growth scheme. The investment objective of the scheme is to provide capital appreciation or income distribution by investing in companies from Leading Sectors, depending upon their growth prospects and sustainability of future earnings growth.

Mutual Fund Family
Escorts Asset Management Ltd.

Fund Class
Equity Diversified

Fund Type
Open-Ended

Investment plan
Dividend

Fund [...]

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30 tax-smart ways to plan your pay packet

Corporate India is increasingly valuing talent. In a bid to attract the best to their fold, many companies compete with one another in offering high salary with attractive perks. Realising that income tax takes away a substantial chunk of the pay packet, and that individual needs differ, they are open to designing tax-smart salary packages.
Saving [...]

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Is There Any Standard Deduction Available In Case Of Pension Income

Please advise the IT section no. under which standard deduction from the Pension income is applicable & what is the limit.Also advise, whether the standard deduction is applicable for Pension / Annuity received under LIC Superannuation Scheme. Shirish S. Gandhi ,Anand ,Gujarat

Your question has two limbs -one regarding pension received from employer and other pension [...]

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Section 80 C , Tax planning and Investments

Learning how to plan your taxes is a major part of choosing an investment strategy. In this article we will look at Section 80C, one of the most important provisions for investors in the tax laws.
What is Section 80C?
The government, in order to encourage savings, gives tax breaks to certain financial products as discussed in [...]

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Can You Claim Exemption From Tax By Buying Land & Commercial Property ?

We have recently sold long term property jointly owned by me & wife on 17 April 08 for 35 L worth. Property was held more than 5 years & involved LTCG of 12.2 L. Thereafter we purchased land for 13 L on 20 Jun 08 with my wife as 1st owner & self as joint. [...]

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Can Employees claim deduction for donation deducted from salary?

We have received one circular that the amount as donation will be deducted from our salary to pay to recognized charitable trust (which has 80G deduction number allotted by IT Department) for the hospitalization of cancer patient. Accordingly, amount is directly deducted from our salaries and the lump sum amount is paid by the Employer [...]

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Benifits of ELSS investments

Taxing times are here again. For most of us, this would mean parking more money in PPF or NSC to earn tepid returns, just to claim the tax break. This year, if you are looking to save tax and earn relatively higher returns, we suggest you take a look at Equity Linked Saving Schemes (ELSS). [...]

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Gift made to relatives is not taxable

Amit asked, Dear Mr. Girdher, I want to know how one can save tax other than 80C, i hv read an article that by gifting to ur parents can save tax. As i am sending my parents approx. 5000 rupees per month in cash can i get the rebate on this? how? and if yes wether [...]

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Interest From Kisan Viaks Patra Must Be Shown Every Year!

Can paying tax on interest accrued on investments in KVP / NSC / GOI bonds be deferred for a year ie based on receipts? Melwyn D’souza
Interest income is generally assessed under the head “Income from other sources”.There are two general methods of accounting of income or expense. The receipt basis (Cash accounting ) or accrual [...]

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REC Bonds Issued ….Hurry UP!

We want to invest interest gained on National Saving Certificates in REC or NHA bonds. Can we get benefit under Sec. 54-EC ? Babu hai Choudhari , Ahmedabad
I sold my plot in Dec2007 and got Long Term Capital Gain of about Rs.7.6 Lacs. Currently there is no TAX Saving Bonds Scheme available from NABARD, REC [...]

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ULIP PERFORMANCE MONITOR

After so many requests from users of this blog, finally i have collected the ULIP performance of Major Life Insurance Companies in India  like HDFC, Bajaj Allianz, Aviva, Bharti Axa, ICICI Pru etc. The performance is further Classified on the basis of Different Fund Classes. The details are computed on latest upto 20 th May [...]

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