Whoa! The “Sandesh” from Prime Minister Narendra Modi shook the entire nation last night and got the Aam Aadmi thinking what they will do with currency notes that made them feel like a rich person sometime back. Well, we applaud the bold move that the government has taken to get out the deep rooted black money. Continue reading “Rs.500|Rs.1000 Ban – Beginning of A Cashless Era”
Black money is deep rooted in our economy and for years government has been coming up with new ways and means to identify people’s undisclosed incomes. A recent amendment proposed in Section 206C in Finance Bill 2016 which is now an income tax provision has grown concerns for people who have not been disclosing their actual incomes.
This week I’ll throw some light on this new provision wherein the government made it clear that if you will not disclose your actual income we will not let you spend your undisclosed income without our notice. Continue reading “Pay taxes on purchases or services you avail – Section 206C”
March and the tax savings hassles just got over and you promised yourself that next year would not be same and you would do all the tax saving investments ahead of time. When I talk about the tax savings hassles it’s not just about choosing the investments but also falling short of money to make the investments as you near the month end and we all know the month end story.
Continue reading “Are you submitting correct investment declaration to your employers?”
It’s that time of the year when you’ll get to see big queues outside all the offices which sell products that allows you a rebate u/s 80C. Isn’t it? You also must be having a lot of questions about where should you invest to fulfil the limit of Rs.1.5 lacs. Have you ever thought why people worry about it only in the month of March every year? The sole reason for this is, because for most of us tax planning is a one-time ritual that is performed only when you near the last date to do so. We rush so that we can save ourselves from paying taxes in the month of July or September. Continue reading “Is tax planning a part of your financial planning?”
We are nearing towards the end of another financial year and like any other year; everyone is on the run to save taxes. We see a lot happening around, in this JFM quarter where the motive is to save maximum tax. However, it’s an icing on the cake if it helps to plan the future as well.
One of the most preferred ways to save taxes is to buy a life insurance. No wonder, most of us have Life Insurance or even if we don’t have, we know what it is. Life Insurance is that tool which ensures that your loved ones would be taken care of even when you are not around. Continue reading “Myths and Realities about Life Insurance”
