More incentives for use of digital money and broadening the taxpayer’s base Budget 2017. Budget 2017 - Demonetization was a very bold and politically risky move by Prime Minister Narendra Modi in the war against black money and tax evaders. It has been successful to a great extent, but more needs to be done to stop the further generation of black money. This is … [Read more...] about Expectations from Budget 2017
Tax Compliance
6 Reasons for Your Higher Taxes and Poor Tax Management
Higher Taxes And Poor Tax Management Here are a few tax management choices that determine you tax outgo and why you could be paying more taxes than your peers in the same income and age group: Higher taxes poor tax management Tax Expert vs. Assumptions: Tax experts have complete and accurate knowledge of tax laws just like you must have in your domain. Since you are not as … [Read more...] about 6 Reasons for Your Higher Taxes and Poor Tax Management
Tax Optimizer – Home Loan, NPS Cut Tax BY Rs 82K
(As published in Time of India on December 5, 2016) Nearly everybody thinks that he pays too much tax. But in most cases the taxpayer does not make the best use of the tax benefits avaliable to them. Sudhir Kaushik of Taxspanner tells readers how they can restructure incomes, investments and expenses to optimise their tax. Though he earns well, Surender Kumar pays a very high … [Read more...] about Tax Optimizer – Home Loan, NPS Cut Tax BY Rs 82K
Noticed Huge Taxes? Save Now!
Did You Just Notice The Huge Amount Of Taxes Being Paid By You In This Financial Year? Though a lot of time has already elapsed, you should not wait anymore to save taxes this year. With proof submission activity around the corner, this is the right time to work upon your tax savings for FY 2016-17 and accordingly plan your investments even beyond Section 80C. And that too … [Read more...] about Noticed Huge Taxes? Save Now!
How Delhi Based Kumar Can Save Rs 82,000 Tax by Using Home Loan Tax Break, Investing in NPS
(As published in ET Wealth on November 7, 2016) Surender Kumar pays almost 10% of his income in tax. Although he has a taxfriendly pay structure, Taxspanner estimates that the Delhi-based manager can cut his tax by nearly Rs 82,000 if he utilises the tax benefit offered on his home loan and puts more into the NPS. Kumar has just got possession of his flat in Greater Noida, but … [Read more...] about How Delhi Based Kumar Can Save Rs 82,000 Tax by Using Home Loan Tax Break, Investing in NPS
