How to Save Taxes on Sale of Property

Special Exemptions on Capital Gains on Sale of Immovable Property: The Government of India provides some exemptions on long-term capital gains arising from the sale of immovable property like houses, apartments, etc. To understand how capital gains are calculated and taxed, please refer to ‘How much Capital Gains Tax you need to pay on sale …

Continue reading

Debt Mutual funds Versus Fixed Deposits?

And Ladies and Gentlemen, We have a clear WINNER…… All of us have invested in Fixed Deposits (FDs) offered by Banks and have always felt nice about it. However, you must have surely heard a lot of talk about investing in Debt Mutual Funds. Let’s look at each aspect of Fixed Deposits vis a vis Debt …

Continue reading

Is it Wise to Invest in ELSS Mutual Funds to Save Tax ?

The most common mistake that people make is making their 80(c) investments (Tax saving ELSS Mutual funds ) at the end of the financial year. You can read a detailed article at — Your Biggest Mistake on Tax Savings! Avoid in 2017 — Upwardly The ideal way to invest in tax saving instruments is to start investing early in the …

Continue reading

Your Biggest Mistake on Tax Savings! Avoid in 2018

A blog on tax saving (elss) and that too in April? Sounds misplaced, isn’t it? Few years back, we were also of the same thought. After having undergone the pain of declaring, investing, submitting proofs or having forgotten about all of it all, there is one mistake that you should definitely avoid in 2017! For …

Continue reading

PM Modi’s Masterstroke: Get your iPhone for free*

Are you here for the masterstroke or the iPhone? Well, let’s get you the iPhone first. The budget for 2016–2017 by the incumbent government states that anyone earning less than 2,50,000 doesn’t have to pay any taxes. Earn anything more, and you’re in the crosshairs of the taxman. Now, what if I told you that …

Continue reading