Tax Refunds

If we have some facts listed out in front of us, it may help us avoid making such mistakes. Though we need to file income tax returns (ITR) every year, we may still make mistakes. In fact, there are some mistakes that are commonly made by most individuals. But if we have some facts listed out in front of us, it may help us avoid making such mistakes. Here is a list. Not … [Read more...] about 10 common tax filing mistakes

View quick summary There are various options available for retirement planning depending upon the risk profile and required fund flow of individual. Other factors which generally affect retirement planning are - years to retirement and tax liability on income earned as well as withdrawals. You can have a complete tax free life if the retirement planning is done with minimum … [Read more...] about Provident Fund for Retirement Planning

View quick summary Waiting till the last minute to do your Tax Planning, can make you lose the Tax benefits you deserve. Here’s what you can still do. Financial security is the end goal of every individual. With the ever changing economical conditions, ensuring stability is a major concern. Better tax planning can help you achieve this goal in a comprehensive manner. However, … [Read more...] about It’s not too late to make the RIGHT MOVE

In a written reply to the Upper House of the Parliament, Minister of State for Finance SS Palanimanickam said that there is no evidence suggesting rise in the incidence of evasion of tax payments over the last few years. He added that the collection of direct tax has increased by more than six times over the last 10 years (2001-02 to 2010-11). Further, he said that the growth … [Read more...] about Govt: No Proof for Rise in Tax Evasion

If you think 80 C is the section which can help you avail tax benefits. You are absolutely right. It has been a noticeable trend among taxpayers that their investment in public provident fund, national savings certificates and mutual fund schemes is most of the times less than the advised limit. These investment tools can help you maximize your return benefits to a very large … [Read more...] about Tax To-Do list: Expand your investment portfolio