How to save Tax

tax-home-loan

Tax Benefit on Home Loan: Section 24, 80EE & 80C

A very important criterion to be kept in mind while taking a Home Loan is the Tax Benefit on Home Loan. To explain the Tax Benefit on Home Loan, we… Read More

ITR

Section 54, 54EC, 54F: Exemption from Long Term Capital Gains Tax

At the time of sale of any Long Term Capital Asset, the Gains are usually very large and are taxed @ 20%. The Resultant Figure to be paid as Tax… Read More

public-provident-fund

PPF Account and PPF Interest Rate @ 8.7%

Budget 2014 Update: The maximum limit for investing in PPF Account has been increased from Rs. 1 Lakh to Rs. 1.5 Lakh. Accordingly, the maximum tax deduction allowed under Section… Read More

Rajiv Gandhi Equity Saving Scheme

Section 80CCG: Rajiv Gandhi Equity Saving Scheme (RGESS)

To promote the Retail Investor to invest in Shares and Mutual Funds, the Govt has introduced the Rajiv Gandhi Equity Saving Scheme (RGESS) which allows a deduction under Section 80CCG… Read More

capital-huf

How to create HUF Capital and put Money in HUF Account?

In our exclusive coverage of HUF’s, we have previously explained How HUF’s help in saving taxes and how to create a HUF and in this article we would be focussing… Read More

create-huf

How to start HUF & create HUF Deed?

In our previous article, we focussed on how a HUF can be used to save taxes legally and we have received a tremendous response for the same from our readers… Read More

save-tax

Save Tax by forming HUF: Benefits & Drawbacks

A very effective and legal way advised by chartered accountants to save tax is HUF i.e. Hindu Undivided Family. In India there are many families which are undivided and the… Read More

Tax-Saving-Mutual-Funds-ELSS

Tax Saving Mutual Funds: Should you be investing in them?

Section 80C allows for deductions for investments in specified instruments and investing in Tax Saving Mutual Funds is one such specified instrument which can be claimed as a deduction under… Read More

tax-free bond

Tax Free Bonds: Should you be investing in them?

In India there are 2 types of bonds through which the tax liability of a person can be reduced:- Tax Free Bonds Capital Gain Bonds Tax Free Bonds are the… Read More

save-tax

Tax Planning vs Tax Avoidance vs Tax Evasion

The tax liability of a person can be reduced through Tax Planning, Tax Avoidance & Tax Evasion. Although, in common parlance these terms are used interchangeably, these terms are technically… Read More

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