10 tax related tasks you need to finish before end of financial year You need to link your permanent account number (PAN) to your Aadhaar by March 31, 2019 for the filing of income tax return. In case you have incurred capital gains during the year, it is better to pay the capital gains tax […]
Perks, medical cover can help salaried Shah save..
Tax optimiser: Perks, medical cover can help salaried Shah save about Rs 13,000 in tax Pune-based Hiten Shah’s salary structure is already quite tax friendly and he has invested in all tax saving instruments so there is little scope to reduce the tax. Even so, Taxspanner estimates that Shah can reduce his tax by about […]
Using the form 16 Part – B Generator
A. Register on the site: 1. You can use any valid email address 2. Please make sure to choose Self-employed / Business in the drop-down.3. As the site functionality requires some space, I would suggest maximizing your browser window. B: Create a company: 1. You should see a menu on the left-hand […]
Tax Optimiser: How Wahi can cut tax by Rs 94,000
Tax Optimiser: How Wahi can cut tax by Rs 94,000 via education loan, NPS By Sudhir Kaushik of Taxspanner.com Ahmedabad-based scientist Mansi Wahi pays a high tax because her pay structure is not very tax friendly and she is not claiming some of the deductions available to her. Taxspanner estimates that Wahi can reduce her […]
Is Rs 50,000 more than Rs 50 lakh?
It might sound ridiculous, but this is what a lot of taxpayers say. When it comes to buying health insurance for their family, a very common excuse is that I don’t have enough money to spare right now. People who say this need to analyze their words more closely. If they can’t afford to pay […]
Tax optimiser How Jhaveri can make his pay structure tax friendly
Jhaveri should start by asking that the transport and medical allowances in his salary, which are now taxable, should be replaced with a newspaper allowance. He should also ask for a higher telephone allowance. This rejig will cut his tax by about Rs 9,400. Jhaveri already invests in the NPS and claims deduction under Sec […]
Proof Submission 2018-19: Points to Note to Save Maximum Tax!
Proof Submission activity for FY 2018-19 is just around the corner and you must already be assessing various tax saving investment options under Section 80C. With focus being on exhausting 80C limit, it’s highly possible that you end up investing in options that are not suitable for you. Here are the Key Points to Note: Calculate your tax liability before investing […]
Donating for a social cause? Here is an alternative to Section.
Donating for a social cause? Here is an alternative to Section 80G of I-T Act for superior tax breaks Donations made to institutions that have got permission to solicit such funds under Section 35AC can get you deduction of 100 per cent of your donations, whereas most charitable donations (barring a few specified funds) under […]
Siddhivinayak Temple to accept shares as offerings, here are tax.
Siddhivinayak Temple to accept shares as offerings, here are tax implications Under the present tax laws, transfer of shares within one year of purchase with capital gains will be taxed at the short-term capital gains rate of 15 per cent. However, if the share transfer happens after a year and STT has been paid, the […]
Are you an active stock trader? Here’s why you should get your.
Are you an active stock trader? Here’s why you should get your tax audit done Trading in equities is becoming common among the salaried class. More and more of salaried employees are seeking to invest in stock markets to gain inflation-beating returns over the long run. Stock trading activities during the day happen in cash, […]
