As earning individuals of India we pay taxes based on our income and expenditures. Read onto this Finance Buddha blog to know the investments/strategies which can reduce your income tax burden.
Income tax notice dated 24th June-20202, put out by the Central government has provided major relief to taxpayers. Central government extended the deadline for filing income-tax returns (ITR) for 2018-19 by a month till July 31, 2020. The government has also extended the deadline for linking Aadhaar cards with PAN cards till March 31, 2021.
Understanding HRA Tax Benefits With the increasing prices in the real estate industry, it makes sense to borrow money through a home loan and acquire and own a house and pay EMI instead of renting a house. While there are… Continue Reading →
Job switch Being a salaried individual in the private sector, shifting jobs is common and it is a part of professional life. With the change in job, changes many things which include change of your employer and change in your… Continue Reading →
Under the amended guidelines of the Income Tax Department, those involved in serious crimes under black money and Benami laws will not be able to get away with just fines. The Central Board of Direct Taxes (CBDT), a leading direct… Continue Reading →
Paying Tax genuinely shows your responsibility towards the nation. Being a citizen, it is our duty to contribute to the progress of the nation by paying our taxes genuinely. Not paying tax or trying to hide your income to save… Continue Reading →
Mutual funds are one of the best investment instruments from the perspective of maximum returns and minimum risk. A mindful selection of funds can bring good returns with less exposure to potential risks. Along with the returns and risks of… Continue Reading →
Here is a news for the individual taxpayers which can be a relief for many people who have not filed their income tax returns yet! The central board of direct taxes took the decision on 26- 07- 18 and announced… Continue Reading →