Tax Planning
How Modi govt's recently announced tax plan is squeezing the middle class
Trading in stocks and options, which has become a national craze since the pandemic, will now be taxed more strictly. That wasn't entirely unexpected
 "How Modi govt's recently announced tax plan is squeezing the middle class")
Explained: How investing in mother/father's name can lower your tax outgo
If your parent is in a lower tax bracket or has no taxable income, investing in a Systematic Investment Plan (SIP) in their name can be tax-efficient.
 "Explained: How investing in mother/father's name can lower your tax outgo")
Tax planning before March 31: Do's and dont's for the last-minute tax saver
Don't rush into investments just for tax benefits. Choose options that align with your financial goals and risk tolerance.
 "Tax planning before March 31: Do's and dont's for the last-minute tax saver")
Explained: How you can minimise the impact of 20% TCS on foreign trips
Avoid booking travel packages and use a debit or credit card during your personal international trip
 "Explained: How you can minimise the impact of 20% TCS on foreign trips")
Budget 2022: Key sectoral expectations from Indirect Tax perspective
Expectations continue to circle economic recovery, ease of compliance and kick-start investment cycle to transit domestic economy into a higher growth orbit while remaining inclusive and sustainable
 "Budget 2022: Key sectoral expectations from Indirect Tax perspective")
Pay your family's insurance premiums and PPF contributions to save tax
While using the family to save tax is legal and smart, ensure you use the ones where clubbing income laws don't apply
 "Pay your family's insurance premiums and PPF contributions to save tax")
How to organise your financial documents for a clutter-free 2021
Tips on figuring out which document needs to go straight into the dustbin and which needs to be kept, just in case
 "How to organise your financial documents for a clutter-free 2021")
Start making those tax-saving investments right away if you haven't already
If you make them in haste at the last moment, you are likely to end up with the wrong choices
 "Start making those tax-saving investments right away if you haven't already")
Don't leave tax planning for fourth quarter, spread financial burden
Spread out your financial burden by investing in tax-saving instruments throughout the year
 "Don't leave tax planning for fourth quarter, spread financial burden")
Last-minute tax planning can hurt
Getting into such complex situations every year end isn't the best idea as it can lead to unnecessary queries from the I-T department
 "Last-minute tax planning can hurt")
Give yourself no exemption from tax planning
Get up to Rs 7 lakh or more tax relief through proper documentation
 "Give yourself no exemption from tax planning")
Tax planning: Time to rush
If your employer's deadline has passed, you can still claim deductions while filing income-tax returns
 "Tax planning: Time to rush")
