July 7, 2012 Tax Planning, Tutorials admin

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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July 24, 2010 Financial Planning, Investment Planning admin

The Simple rules to Successful Investing – Part 1

. “No amount of talking or reading can teach you swimming. You will have to get in the water.” There are these little general rules which are applicable and useful for decision making and taking actions. And these simple rules are applicable in so many aspects of life, they are just some small reminders, some […]

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July 16, 2010 Investment Planning, Stocks, Mutual Funds, Etf's etc, Tutorials admin

Why you should never invest in ELSS , Dividend Reinvestment Scheme !

. Equity Linked Savings Scheme (ELSS) is an instrument which many investors use to get advantage in Section 80C, Rs 1 Lac, deduction in Income. There is a 3 year lock in in these schemes. If you choose the Dividend reinvestment Scheme, then the reinvested portion gets locked again for 3 years from the date […]

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February 21, 2010 Tax Planning admin

Tax Savings – Section 80C – Part II

In this part, I will cover the Life Insurance premiums, pension plans on mutual funds and from insurance companies, and various expenses which are also eligible for deductions under 80C. Life Insurance premiums covered under Section 80C Premium paid towards life insurance for yourself or your family (spouse and children) is eligible for section 80C […]

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February 20, 2010 Tax Planning admin

Tax Savings – Section 80C – Part I

Tax season is around the corner. Tax Planning involves making investments with the objective of minimizing the tax liability and maximizing returns. You should try do tax planning to maximize your income by saving on taxes. Section 80C, of Income Tax Act, 1961, gives a number of options that can be used for the purpose of tax deduction. […]

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