Jul 25
Last date for filing returns is 31-Jul-2011
Currently there are many paid and free services for filing the returns. Some of the paid services are as follows:
- http://www.taxmunshi.com/
- http://www.taxspanner.com/
There are various other paid services but I found these to be the lowest Rs. 199 and Rs. 249 respectively.
If you are like me, who is not interested to spend a paisa on the filing the tax return then you have to visit the following site:
https://incometaxindiaefiling.gov.in
First Step: Login to the portal. If you don’t have the log in then register and create your id. It requires your PAN card details so keep them handy. If you don’t have PAN card with you at the moment, then don’t worry. Here is the link which you can access to know your PAN Card details. Continue reading »
Tagged with: Income Tax • Money Basics
Jul 14
A guest post by Ramalingam K, an MBA (Finance) and Certified Financial Planner. He is the Founder and Director of Holistic Investment Planners (www.holisticinvestment.in) a firm that offers Financial Planning and Wealth Management. He can be reached at ramalingam@holisticinvestment.in.
Is lack of time making you go crazy in your attempt to plan your finance?
Does your busy professional schedule offer you time to monitor your personal finance?
Balaji is working for an MNC. Today he has got a deadline for a particular assignment. His day is fully packed. First thing in the morning, he receives a mail from his HR Dept stating that today is the last date for producing proofs for tax saving investments; otherwise a huge amount will be deducted from his salary as tax. He wanted to do some tax saving investments urgently and submit the proof on or before end of the day. Continue reading »
Tagged with: Income Tax • Manage Money • Tax Saving
Feb 16
The following information is for educational purposes only and please consult your financial adviser or financial planner for further details.
These were some of the questions that I wanted answers and I am glad that I found them.
1. Can I pay to rent to my father if he owns a house? Is it legal? Continue reading »
Tagged with: Income Tax • Tax Saving
Feb 09
I am writing articles regarding taxes. I don’t preach others that it is bad to pay taxes or advice them not to pay taxes. I believe that Taxes have to be paid by the citizens for the welfare of the nation.
The only thing I want to emphasize is that, why does government gives tax break? It should serve some purpose right? I am certain that most of the rules does make sense even today which was formed way back before my birth. 
Continue reading »
Tagged with: Income Tax • Tax Saving
Feb 08
This time of the year, most of my friends prefer to go and get Insurance policy just because they have to buy one so that they can save tax. I get calls from various Insurance agents to take up policies from January to March time frame and the prominent reason they give me to buy the policy is “Tax Benefit”. I am not very keen on taking a policy just because I get a tax break. I know that it does not work that way.
I don’t mind taking a insurance cover for the purpose of insurance rather than “Tax Benefit”. But the fact is that most of us prefer to take the policy thinking it will reduce our tax bracket. I have done that in the past. I have taken a policy and I do pay a yearly premium. I did not know much about tax at that time and for tax benefit I did take a policy only to learn that it does not make sense. Continue reading »
Tagged with: Income Tax • Tax Saving
