Beware of some of the commonly made mistakes while filing income tax returns. Here are some points that you must consider before filing tax returns: Compromising Confidentiality of Tax Data: While you should always seek financial advice from unbiased and reliable sources, some companies offer services of filing income tax returns simply to obtain the financial data from … [Read more...] about Filing Income Tax Returns: Precautions
Tax Refunds
Efiling Income Tax Return – Save Paper, Save Time
Did you know that efiling income tax return saved around 100 million sheets of paper in 2010? On an average, preparation of every individual tax return on paper requires around 10 sheets for printouts and photocopies. E-filing income tax return, therefore, saves lakhs of rims of paper. What’s more? E-filing does not need any physical helpdesk, completely eliminating the trouble … [Read more...] about Efiling Income Tax Return – Save Paper, Save Time
Budget 2015: What’s in store for you?
As rightly predicted by us weeks ago, the budget has been in tune with the Modi government’s agenda of attacking black money, with no change in tax slabs. In brief, Budget 2015 has made PAN mandatory for transactions above Rs. 1 lakh and increased deduction for medical, transport and pension. Actually, there was not much room for change in tax exemptions, hence they remain … [Read more...] about Budget 2015: What’s in store for you?
For employees, company car lease is more tax efficient than owning a car
Salaried employees often ask us about the tax liability of owning a car and using it for both personal and official purpose. Here is a detailed analysis of tax benefits of leasing a car from your company vs. owning a car. In case the car is owned by employee and the expenses are reimbursed by the employer the perquisite value will be computed. The tax liability on perquisite … [Read more...] about For employees, company car lease is more tax efficient than owning a car
Refreshing new logo!
It is always a challenge to rework a logo, especially when the service or the business it represents is doing well for itself and, in fact, holds a leading position in the market. Such logo changes are often reviewed purely from the aesthetic point of view and are seen more as aesthetic adjustments to align with the contemporary visual trend, until of course there is something … [Read more...] about Refreshing new logo!
