Balwant Jain

Before lodging your complaint against any bank to BO, you are required to file the complaint with the bank in question in writing and wait for at least thirty days.

Who should invest in ELSS? Does it suit your requirement?

ELSS though may have some of very good features but still may not be suitable for each and every person due to various reasons.

How to gain from a balanced fund?

Investment in balanced funds obviates your need to invest in two different asset classes for asset allocation. Balanced funds also obviate the need to periodically monitor and rebalance different asset classes in predetermined proportion.

Travel and enjoy the tax benefits of leave travel allowance

This tax benefit is available only to persons who are in employment and is not to persons who are self employed.

Seven things you must do before 31st March

Income tax authorities have specified deadlines for many actions. If you follow the rules, you stand to gain in terms of saving on income tax and peace of mind.

Budget 2017: Do you know these changes in income tax return filing process?

Changes ensure that income tax reporting happens earlier than what it used to be.

Budget 2017: Time to align with the changes in income tax rules

Finance Minister has opted to offer a small concession on income tax front. However, he has also capped the benefit on income from house property.

Union Budget 2017-18: Capital gain tax becomes friendlier for honest tax payers

The budget proposes to reduce the basis of the period for which the asset is held on the date of sale to 24 month in case of long term capital gains and bring it on par with unlisted shares.

Budget 2017: Rationalize the income tax structure to boost saving & housing

It is that time of the year the common man has high hopes from the finance minister. Balwant Jain captures the sentiment.

How much income tax you should pay on investments in gold?

Be it jewellery, gold ETF or gold bonds, you should know the tax treatment before investing in gold.

How to make the most of the tax benefits available with loans

Education loan and home loan come with income tax benefit. Here are the rules that govern the tax benefits.

How much gold you can hold?

The income tax officers cannot seize gold jewellery up to the specified limit even if the income of the family does not warrant the capability of the family to own that much of the gold jewellery and ornaments.

How much tax Sindhu and Sakshi will pay on their prize money?

Section 10(17A) of the Income Tax Act, authorises the Central Board Of Direct Taxes (CBDT) to approve some specific payments, made by the Central and State Governments as exempt from payment of taxes, which are of public interest.

All you want to know about ESOP taxation

It is not necessary for an employee to exercise the option once it vests with him. The employee can exercise the right within stipulated time period.

Which ITR form you will use while filing income tax returns?

Depending on your source of income, you will have to use the right form while filing income tax returns.

Salaried? You need to file income tax returns too!

Even if all income tax is paid by your employer, you have to file income tax return.

These things must be included in your income tax return

Many individuals file income tax returns online. But the focus is on completing a formality and in that hurry certain things are missed.

Government encourages housing the non income tax way

Balwant Jain explains all the incentives government offers to ensure “housing for all” becomes a reality.

Hurry up and pay advance tax to avoid exorbitant interest later

Government amended the law so as to require you to pay the advance tax in four instalments namely 15th June, 15th September, 15th December and 15th March in the ratio of 15%, 30%, 30% and 25% respectively on these dates

Disclosure requirement of assets while filing your ITR

The tax payer has to provide the cost of these assets in case the same are not reflected in the balance sheet of the partnership firm in case of a partner and in the balance sheet of the proprietor business or profession.

Govt wants you to own a house- See income tax benefits extended

If you buy a house, you are entitled to many income tax benefits. Home loan taken to fund a house purchase makes it an attractive deal from tax point of view.

All you want to know about revised Form 15G and 15H

Individual investors fill up Form 15G and 15H to avoid tax deduction at tax. However, one should take due care while submitting these forms.

Sold shares at profit: Is it business income or capital gain?

Taxation of gains on sale of shares has been a gray area for long period of time. This article explains the head under which the gains will be taxed.

How Union Budget proposals change your income tax return filing

Union Budget 2016 has proposals about the income tax return filing process. Here are the changes you cannot afford to miss.

Trading in shares? Get your tax liability right

Profits from trading in shares can be taxed as a capital gain or as business income. Here is how one should look at it.