Don’t ignore these incomes while filing your tax return

However, tax filing portal Taxspanner found that almost 80% of taxpayers who filed their returns do not report any interest income. “Not declaring this income amounts to tax evasion and could fetch a notice from the tax department,” says Sudhir Kaushik, Co-founder and CFO, Taxspanner.com. Things become more serious if the undeclared income is substantial and tax […]

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Are low-cost ULIPS (Unit linked insurance plans) worth investing?

Unit-linked insurance plans (Ulips) have been in the news ever since the Budget reintroduced long-term capital gains tax on equity investments. In the meantime, life insurers have carried out course correction and removed some of the shortcomings that nearly drove Ulips to extinction. Should you be interested? The poor reputation of earlier Ulips had much to do with the […]

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