List of Tax Saving Tax Planning Articles

Section 194C of the Income Tax Act covers tax deductions on payments to contractors and subcontractors for work contracts. Learn about Section 194C and the TDS rates.

Everyone wants to save more, and create a financially stable future that covers every expense even without a regular source of income.

One of the first documents that we are supposed to check when filing tax returns is the Form 26AS. This is automatically uploaded by the Income Tax department into your secured PAN access area in the e-filing website. Form 26AS is not only an important document but also one of the most authentic records of how much tax has been deposited by your deductor into the government account.

This comprehensive guide explains everything you need to know about ELSS mutual funds, including tax benefits under 80C, lock-in period, risks, and investor suitability.

Learn why tax planning is crucial for long-term investments. This guide explores tax-efficient strategies that can optimize returns and reduce liabilities over time.

Income tax paid by citizens constitutes a major chunk of the government’s revenue. It is imperative to pay taxes for the smooth functioning of the economy.

Income Tax refers to the amount you pay directly to the government which is a percentage of the total income you earn in a financial year.

Finance Bill is presented usually in the last week of February every year and this bill contains amendments in direct as well as indirect taxes. It is usually presented in the Parliament by the Finance Minister.

At the end of the financial year, every earning individual has one thing on their mind: income tax filing.

Income tax regulations for Non-Resident Indians (NRIs) present distinct differences compared to those applicable to resident Indians. NRIs are obligated to pay taxes on all income and capital gains earned within India’s jurisdiction. This taxability of non resident in India diverges from that for resident Indians, emphasizing the need for NRIs to comprehend their tax obligations regarding capital gains and income generated within India’s borders. […]

It is essential to know of the reliefs the Income Tax laws grant to assessees under the scanner to reduce the damages caused by such operations.

A frequent question that arises in the mind of homeowners is who can claim tax benefits on a second home loan. As per banking laws, there are no restrictions on the number of home loans a person can take.

Buying a house is one of the biggest financial decisions that you will make in your life. It is an overwhelming experience, both financially and emotionally. While buying a house, we need to identify the property, make down payment, apply for loan, sign the sale agreement, etc.

Investing in equity not only helps you diversify your portfolio but also fetches high returns in the long term. Investing in equity also offers various tax exemptions and deductions which you can avail of on your stock market investments.

The government relies significantly on income tax as a revenue source. Moreover, it obligates taxpayers to fulfil their fiscal duties through timely payments. The process involves challans used for remitting the tax amount to the government. Challans for income tax are categorised based on two factors – payment nature and taxpayer profile. Different Types of Challans Challan 280 Challan 280, a comprehensive platform, serves individual […]