Posts Tagged: tax

Your Money

National Pension Scheme (NPS): Easy Retirement Planning

Breezy air flowing through my hair and sweet orange juice in hand while vacationing in an exotic foreign location- that is my vision of a perfect retirement. 🍹 We all have something planned for what we would like to do in our retirement years. Many think of buying a gorgeous house, while others, like me, wish to explore the different corners of the world. Retirement for Indians typically begins at age 58 or 60 but can vary depending upon the goals of individuals.

Business

Cracking Shell Companies: Real or Fake?

Imagine this: An underworld where businesses only exist on paper, operate in secrecy, and play hide-and-seek with authorities. Welcome to the world of shell companies, where the real and the imagined frequently come together, puzzling even the most seasoned financial minds. This article's objective is to clarify the mystifying nature of shell companies by looking at What, Why and How.

Macro Moves

Kisan Vikas Patra: Double Your Money with Safe Investment for Farmers & Investors!

Imagine you live in a small farming village, far away from the bustling cities of India. You work hard every day to make ends meet and provide for your family, but the constant struggle to find reliable investment options leaves you feeling uncertain about the future. That's where Kisan Vikas Patra comes in.

Tax Club

Capital Gain: Profit and Tax Strategies

Capital gain taxes are often overlooked but can leave quite a dent in your pocket if not managed properly.

Startups

What is Angel Tax? Is the Government's Greed killing Indian Startups?

Perhaps you've come across the term "angel investors" in business news, seminars, or even in books. However, like many of us, you may have forgotten the details. That's where I come in to guide you through this fantastic, information-packed article. So, let's take a moment to brush up on our understanding of angel investing and dive deep into an essential component - angel tax.

Tax Club

Tax Saving Schemes & Investment: Don't let the Government Loot you!

All of us work with immense dedication, face Monday blues, toil overtime and put up with our khadoos bosses. Why? Kya karein paapi pet ka sawaal hai! And after so much hard work, what do we get? Peanuts! That’s not even the worst part. Letting go of our hard-earned money as taxes is what kills us the most.

Your Money

Taxation and Benefits of NRE Account

Until a few years ago, individuals outside India found it hard to send funds home due to several paper checks and long transfer periods. However, with modern NRI accounts, they can easily save and transact money in international currencies and invest in India easily. NRI accounts serve numerous purposes, such as saving money earned abroad or in India, investing in various opportunities, and making money readily available for your family. An NRI or a PIO (Person of Indian Origin) can open NRO and NRE accounts for convenient and easy fund transfers to and from India.

Tax Club

Understanding Form 16: The Essential Guide for Salaried Employees

As the end of the financial year draws near, taxpayers gear up to file their income tax returns. However, navigating the intricate world of taxes can be daunting, especially for salaried individuals who must keep track of numerous documents and procedures. One such document that plays a crucial role in the process is Form 16, which acts as a certificate of the taxes deducted at the source by the employer. It's a document that can determine whether you get a refund or pay more taxes, making it essential to understand its intricacies.

Tax Club

Form 16 A & B: The Two Sides You Need to Know

Attention all salaried employees in India! Are you ready to unravel the mystery behind Form 16? This vital document not only summarises your salaried income but also holds the key to your tax deductions. But wait, did you know there are two TDS certificates, Form 16A & 16B? Each part provides unique information about your finances that you must learn to file your income tax returns accurately. So, get ready to dive into the exciting world of Form 16 and explore the fascinating details of Form 16 A and Form 16 B. Get your popcorn ready, and let's get started!

Tax Club

Capital Gains: What to expect? How can taxation be improved?

Are you looking forward to the upcoming Indian Union Budget 2023? If so, there are many things you may want to keep in mind. Capital gains taxation in India has been a topic of discussion for a while now, and it seems that many changes are set to be made. The upcoming Indian Union Budget 2023 will majorly impact investors in India. You must know what to expect if you are planning to make any money in the country soon.

Tax Club

Income Tax E-Filing: Everything You need to know

Kids often want to go on vacation in July, right when people have to submit their taxes, right? So what do you do? You can’t skip paying your taxes, not legally, at least! Skip the vacation, and you will never hear the end of it! If only there was a way to do both.

Tax Club

Property Tax: Definition, Methods & How to File?

The other day on my way back home, I peeked into the screen of a person who was sitting beside me. He was unhappily searching about property tax and struggling to understand what it is.

Tax Club

HRA: Exemption, Deduction, Calculation and more.

I feel like a child whose mother has made a delicious chocolate cake, and as soon as the child is about to gorge on it, all the other siblings start putting their spoons in it. In the end, the child is left with a few slices.

Your Money

Income tax rebate under section 87a? Working and Eligibility

Even though they are unavoidable, we look for ways to avoid paying taxes. Every taxpayer tries to minimise their tax liability, but people do not educate themselves well enough. Though there are several ways to reduce a taxpayer's burden, the Government of India provides all citizens with a helpful resource – rebate u/s 87A of the Income Tax Act, 1961. In the current state of things, it is as if the Government is a shopkeeper that wants to give people a discount, but people are too frantic to listen and pay more than necessary.

Finance

Is Filing of Income Tax Return Compulsory?

The only reason you're "exempt" from filing an ITR is because you're not earning enough. Get better at your job.

Tax Club

How to save capital gain tax on sale of residential property?

Taxes are something that no one enjoys. But what if I told you that there are some simple ways to save money on taxes while selling your most valuable asset, your own 'house'? Yes, there are some exemptions available to you under the Income Tax Act that allow you to earn a tax break on the sale of your home.

Tax Club

Understanding Tax Havens

The story goes that the Swiss bankers had invented secret banks to protect the assets of Jews from the Nazis. But in reality, they were invented to protect the bankers from prosecution by other states. This was among the first instances of ‘safe havens’ for people with special monetary needs.

Legal

Vodafone Tax Dispute Case

Do you remember the good old days when there was an iconic Vodafone ad with the pug? You and I in this beautiful world...brings back all the nostalgia, doesn’t it? They surely took the internet by storm with this ad still stuck in the minds of the Millenials!

National Pension Scheme (NPS): Easy Retirement Planning

Cracking Shell Companies: Real or Fake?

Kisan Vikas Patra: Double Your Money with Safe Investment for Farmers & Investors!

Capital Gain: Profit and Tax Strategies

What is Angel Tax? Is the Government's Greed killing Indian Startups?

Tax Saving Schemes & Investment: Don't let the Government Loot you!

Taxation and Benefits of NRE Account

Understanding Form 16: The Essential Guide for Salaried Employees

Form 16 A & B: The Two Sides You Need to Know

Capital Gains: What to expect? How can taxation be improved?

Income Tax E-Filing: Everything You need to know

Property Tax: Definition, Methods & How to File?

HRA: Exemption, Deduction, Calculation and more.

Income tax rebate under section 87a? Working and Eligibility

Is Filing of Income Tax Return Compulsory?

How to save capital gain tax on sale of residential property?

Understanding Tax Havens

Vodafone Tax Dispute Case

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