(As published in ET Wealth on December 5, 2016 and Times of India on December 12, 2016) Over the next few weeks, companies across India will start collecting investment proof from employees to calculate the TDS on their salaries. This statutory obligation has become an annual ritual over time, and most companies treat it as a compliance cost. However, a company with a … [Read more...] about Here’s How your Employer Can Help you Save Tax
Direct Tax Burden-Experts’ Advice on How Budget 2017
(Direct Tax Burden-Experts' Advice on How Budget 2017 - As Published in ET Wealth on November 19, 2016) Direct Tax Burden - As North Block has begun work on the Finance Bill 2017, ET Wealth reached out to experts from the financial services industry to know what they want to see in the coming Budget. Here are suggestions from some experts for Finance Minister Arun Jaitley and … [Read more...] about Direct Tax Burden-Experts’ Advice on How Budget 2017
Too Late to Declare Unaccounted Money
You May Be Left With Just Rs 7 For Every Rs 100 Declared (As Published in Business Today on November 10, 2016) The tax department will match the amount deposited with the income shown in the return filed over the previous years. If there is a mismatch, suitable action will follow. After banning the higher denomination currency, the government has issued a warning that records … [Read more...] about Too Late to Declare Unaccounted Money
How To Cut Tax By Investing In Spouse’S Name
(As Published in Times of India and Economic Times on December 27, 2010) Financial planners contend that couples should ideally combine their finances. The meshing together of the investments of the husband and wife not only strengthens the household's financial fibre but gives them a comprehensive view of the real situation. However, the taxman has set limits to this joining … [Read more...] about How To Cut Tax By Investing In Spouse’S Name
Missed August 5 Tax Returns Filing Deadline? Here are Implications and What You Should Do Now
(As Published in Financial Express on August 8, 2016) So what happens if you have missed the deadline? Well, to start with the passing of the deadline does not mean much for your actual tax return filing exercise. You cannot carry forward losses (except loss from house property). You can carry forward losses from equity to set off from capital gains only if you file within the … [Read more...] about Missed August 5 Tax Returns Filing Deadline? Here are Implications and What You Should Do Now
