Tax Planning

FAQs on Filing of Income Tax Returns

It’s the time of the year to file your taxes. Here are FAQs on IT returns that will make your task of filing returns a little easier. If you have more questions feel free to add in the comment section. Related Articles: How to file [...]

Simple 2 Step process to link PAN and Aadhaar

Aadhaar must for filing income tax returns from 1st July 2017 so right now there’s no choice but to link PAN and Aadhaar. I am sharing a simple 2 step process – please share your queries & experience regarding the process in the comment section. [...]

ELSS Vs PPF – Save Tax & Make Money

Hope you will AGREE with me that your tax saving should be the result of your investment planning & not vice versa. So here fight is not Mutual Fund ELSS Vs PPF but much bigger than that. I will agree with you that it’s not that [...]

Tax Planning for NRIs

Income tax planning for NRIs is different in India. I am sharing some important information that can be helpful for you Who is an NRI – for Tax Purpose Tax Planning for NRI Taxable income for NRIs Tax-free income for NRIs DTAA Simplified NRI Tax [...]

Ask Tax Saving Questions & Get their Answers

Let’s accept Taxation is the most confusing topic in personal finance – there are a couple of reason for the same: many tax laws are ambiguous in India, new sections introduced every year & the biggest is a blurred line between tax saving, vs tax [...]

How Does 2017-18 Budget Affect You

The Union Budget, 2017 was presented on February 1st unlike the past when it was presented at the end of February. This time the Railway Budget is merged with the Union Budget. The finance minister, Arun Jaitley presented the Union Budget. Impact of Budget on [...]

TDS for NRIs – All You want to Know

Income earned or accrued by NRIs in India is subject to tax in India. Section 195 of the Income Tax Act covers Tax Deducted at Source (TDS) on payments made by non-resident Indians. The rates and conditions for TDS are different for Non Resident Indians [...]

NRI can use DTAA as a Tax Planning tool – India

What is double taxation? If you are an Indian and a resident in another country ( NRI)  with multiple sources of income across both the countries, you can get taxed twice – once in your resident country and once in India. There are other ways to [...]