Tax Planning is what Rajiv has always considered doing it in the last two months. Every year whenever he has to submit proof to his employer, he will search for the tax saving instrument. As a result most of his financial outgo is heavily burdened in these two months. But this year managing his outgo […]
Understanding Sec 54 & Sec 54F for Capital Gains
Sec 54 provides relief from the tax on long term capital gains earned from residential property while Sec 54F covers assets other than this. However, there are certain rules which the assesse has to remember to claim benefits under these sections.Take the case of Rajeev who has invested in a land three years ago. He […]
Tax Planning for Small Businessmen
For a businessman, Tax Planning is a very important element. Being self-employed, their income is treated as income from business/profession and they have a higher probability of reaching in highest tax slab sooner. However, there are many deductions available to a them which helps in reducing the income almost by 10-15% as compared to a […]
Tax Planning-Choose Your Options Wisely
Tax Planning is an integral element of personal finance. We are approaching that part of the year when most individuals will start looking at tax saving avenues to submit the proof of investments to their employer. But this is also the time when all financial advisors, banks or other financial intermediaries will start approaching with […]
Understanding Taxation in Debt Mutual Funds
While debt mutual funds offer varied advantages, very few are aware of the taxes levied by it. Debt Mutual Funds have a differential tax treatment as compared to equity. In this article I analysed the tax treatment on debt mutual funds for the FY 2012-2013 to enable investors take sound investment decision. http://www.moneycontrol.com/news/mf-experts/understanding-taxationdebt-mutual-funds_755924.html
