Tax Refunds

How to Plan Your Taxes

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View quick summary You know it’s time. It’s April and your employer has asked you to submit I-T declaration. You understand that tax planning has to start at the beginning of the financial year. But, how do you go about it? Our tax expert CA Sudhir Kaushik shows you the way. Misconceptions about Tax Planning Most taxpayers confuse tax saving with tax planning. It is due to … [Read more...] about How to Plan Your Taxes

Income Tax on Gift Received

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View quick summary While you can receive gifts of any amount from your relatives without paying income tax on it, gift(s) valued above Rs. 50,000 received from a non relative is taxable in the hands of the recipient. If you receive more than Rs. 50,000 during a financial year without any consideration, the entire sum of which the gifts are worth, is taxable. The limit of Rs. … [Read more...] about Income Tax on Gift Received

I-T Declaration Time: Declare your Tax Innings in Style

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View quick summary Very soon, your employer will ask you to submit Tax Declaration for Financial Year 2012-13. Based on your declaration, the HR/Finance department of your company calculates the Tax Payable by you. TDS is deducted accordingly, starting with your April salary. Think about it. If your employer plans to ensure that a reasonable tax payment is made by you over 12 … [Read more...] about I-T Declaration Time: Declare your Tax Innings in Style

How Tax Optimization Works

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As mentioned in our mailer that you have paid higher taxes in the past and unless you bring a change in financial choices, you will continue to pay higher taxes in the current F.Y. and the years to come ahead. And to bring these changes within income tax laws, you need to follow tax expert's advice who has complete and accurate knowledge. There are almost 30 options available … [Read more...] about How Tax Optimization Works

Gold Investment: Top 5 Reasons for Investing in Gold

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View quick summary Investing in gold is among the best options for long term needs, happiness and security. Investment in gold works both in hedge market fluctuation and inflation. Gold prices are less volatile than equities and gold gives a good return even in falling markets. Gold can be bought in physical form or in the form of ETFs (Exchange Traded Funds). It is easier … [Read more...] about Gold Investment: Top 5 Reasons for Investing in Gold