Tag Archives: Tax Planning

Latest Cost of Inflation Index March 2014 & Double indexation benefits.

Cost of Inflation Index upto FY 2013-14. (The year mentioned is financial year(FY)  The cost of inflation index is useful for income-tax assesses in the computation of tax on long-term capital gains (for indexation purposes). In the previous two years, the cost inflation index rose 10 per cent and 12.5 per cent, respectively. A cost inflation index helps reduce the […]

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What is Wealth Tax?

There may be liberty and justice for all, but there are tax breaks only for some. ~ Martin Sullivan A majority of the tax payers in India are ignorant about the wealth tax, and it’s implications. Wealth tax is a good potential annual recurring income stream for the government. However, it is perplexing why the […]

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Cost of Inflation Index AY 2012-13 ~ Long term Capital Gains ~ Double Indexation

COST INFLATION INDEX TABLE – FINANCIAL YEAR 1981-82 ONWARDS: Assessment Year (AY) Financial Year (FY) Cost Inflation Index (CII) 2014-15 2013-14 – 2013-14 2012-13 852 2012-13 2011-12 785 2011-12 2010-11 711 2010-11 2009-10 632 2009-10 2008-09 582 2008-09 2007-08 551 2007-08 2006-07 519 2006-07 2005-06 497 2005-06 2004-05 480 2004-05 2003-04 463 2003-04 2002-03 447 […]

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Tax Filing ~ Which ITR (Income Tax Return) forms to file~File Online

Now you can File taxes online using the website : https://incometaxindiaefiling.gov.in/portal/index.jsp. Follow these simple steps for filing online. 1. Register using  your PAN. Once you login you can choose the Assessment Year for filing the tax : 2. Use the following ITR forms based on your type/ source of Income. 3. Download the return preparation excel sheet. […]

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