practical tax & investment planning online
international tax expert / colunmist / author / speaker

YEAR END TAX MANAGEMENT!

With 31st March around, just ensure that you are not missing out on securing any tax saving & filing of your tax return!  As the fiscal year 2012-13 ends on 31st March, it’s time for all income-tax taxpayers to take a quick look whether they have fully availed of the opportunities for tax saving via saving of specified investments and allocations.   TAX SAVING THE 80C WAY!             ‘Be happy and gay, saving...

DON’T LOSE YOUR TAX REFUND!

Tax refund must be claimed within the specified time limit, but there is a remedy for belated & additional claims!  There may be situations where considering the amount of tax deducted at source from the income of the taxpayer or the advance-tax paid by the taxpayer on his estimated income, the taxpayer becomes entitled to claim refund of income-tax, if such tax deducted or paid exceeds the actual income tax...

NIGHTMARE FOR PROPERTY BUYERS!

FM thrusts onerous obligation of deducting TDS on all purchasers of immovable property over Rs.50 lakhs  The taxing proposal, which came to be announced by Pranab Mukherjee in his Budget proposals in February, 2012, but soon came to be rolled back, when he realized its harsh implications, has quite astonishingly been sneaked in once again by P. Chidambaram in the Finance Bill, 2013.  ILLOGICAL JUSTIFICATION...

NO SWEET TAX TUNES FROM FM!

Tricky & Illusive Tax Reliefs Coupled With Mischievous Tax Provisions Disappoint Tax Payers!            The FM announced the setting up of 839 new FM radio stations in 294 Indian cities in his Budget speech 2013. However, quite ironically, the FM’s Budget did not play any sweet music for taxpayers of India.            P Chidambaram, the FM who in 1997, endeared himself to India’s taxpayers with his...

Powered by HADNow.com