New year as per Hindu calendar started with Navratras, but as per financial calendar, the New Year is April 1. Many things changes from this day in personal finance. So lets us see what will be the 12 new changes in income tax rules from 1 April 2018 through this post. This will help youRead More
income tax
Tax Benefits of NPS Investment- Updated NPS Taxation
NPS is an excellent tool for retirement planning, especially for private sector employees. Many people in the financial advisory space have doubted this product due to its tax inefficiency. They consider NPS Taxation less efficient due non-clarity in guidelines of tax saving NPS. This article is the latest update on tax saving benefits of NPSRead More
Types of Income Tax Notices : My Own Story
“The income tax created more criminals than any other single act of government.”–Barry Goldwater. I know how it feels when we receive a notice through inbox or through post. But all income tax notices are not a finger on you. Many time IT department send you communication using the various income Tax Sections. Let’s seeRead More
E-Nivaran – Online Grievance Redressal Mechanism for Income Taxpayers
PM Narendra Modi vision is described as bringing structural changes. The change was perhaps needed at the income tax grievance redressal mechanism also. The change to make the redressal mechanism taxpayer friendly and cover all aspects of taxation. E-Nivaran Online Grievance Redressal Mechanism is a one stop, tech-driven grievance mechanism aims to curtail time andRead More
Mutual Fund Taxation in India
It’s a joke on Whatsapp that while buying ice cream for your kid you should eat one-third of it before giving it. That the best way to teach Taxation. Tax & inflation really bite into what we earn. That is the reason why it is essential to check taxation rules before investments. Here is aRead More