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Tax saving options : 80C,80CCC,80CCD,80D,80U,80E,24
The Income Tax Act, 1960 has provided Section 80C, 80CCD, 80CCC, 80CCCE benefit to save tax by investing upto 1.5…
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Understanding Income Tax Slabs,Tax Slabs History
Income tax in India is charged based on one’s income, more the income more the tax. Tax is on a…
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Viewing Form 26AS on TRACES
In our article TDS, Form 26AS and TRACE we explained about the new initiative of Income Tax Department (ITD) for information about…
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TDS, Form 26AS and TRACE
TDS or Tax Deducted at Source, is one of the modes of collection of taxes, by which a certain percentage is…
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Capital Loss on Sale of House
Mr. Mehta bought a house worth Rs 10 lakh (10,00,000) in Financial Year 2007-08. He sells the house in Jul…
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Tax on EPF withdrawal
Employee Provident Fund(EPF) scheme was set up to give substantial benefit to the employee at the time of retirement. Under…
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Joint Bank Account
Joint bank accounts enable the joint account holders to access and manage the account. For example for housewife opting for a…
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Joint Ownership
Joint ownership of financial product means right of ownership is shared by two or more owners, for example Husband and…
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Basics of Insurance
Disasters strike unnoticed,usually without announcing their arrival. One can mitigate the effect of eventualities on your family finances by buying…
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Clubbing of Income
Generally a person is taxed in respect of his own income. But sometimes he or she may be taxed in…
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Taxation of investments : EEE, ETE, TEE..
We have often stressed that before investing in a product Think about Liquidity, Safety, Returns, Risk, Tax. Often when we are…
