January 2, 2018 Tax Planning admin

Five SMART things to do in Jan / Feb / March from TAX perspective.

Last 3 months left for financial year end. Five SMART things to do in Jan/  Feb / March from TAX perspective. (Financial Year End 2017-2018 ends in March) 1. Make sure that the 80C investments are done 1.5L for you and spouse(if applicable) 2. Check your short term Capital Gains (from Stocks/MF) – if possible plan […]

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July 15, 2013 Tax Planning admin

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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November 27, 2012 Tax Planning admin

Section 80C Tax saving investments

Income during an income year of an Individual is assessed for tax under Income Tax Act 1961. It is general tendency of assesses to commence savings during the end of the Income Year, mostly to seek exemption from Income Tax thus reducing Income Tax liability. They have to combine their savings with financial planning Section […]

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October 18, 2012 Stocks, Mutual Funds, Etf's etc, Tax Planning admin

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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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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