Moneycontrol's Preeti Kulkarni gets in conversation with Gautam Nayak, Partner at CNK & Associates to find out what the masses are expecting from Budget 2020.
Financial planners and experts seem to be in agreement that Equity Linked Savings Schemes (ELSS) is the best investment avenue under Section 80C of the Income Tax Act since it outscores other options in terms of liquidity and returns.
While it was launched with much fanfare, the RGESS never seems to have struck a chord with taxpayers.
The first thing that the tax payer has to do is to take a close look at the assessment order that has been intimated by the tax department.
While investing in fixed income instruments such as fixed deposits and debt funds, one must keep an eye on his tax rate.
At the beginning of the year, one should be proactive and take charge of his money matters. This helps in achieving one‘s financial goals.
It is wise to invest in health insurance to avoid these untoward financial stress situations.
The tax structure in India is in favor for long term investments. Also the added tax benefits make NPS attractive.
One must understand the available investment options for saving income tax. An option chosen after due diligence can help you to achieve various financial needs.
Following these 13 points can help you achieve your dream of financial freedom.
Friends do influence us and our money matters. We pick up habits from our friends and in that process end up making or breaking our money matters
Insurance products offer to protect yourself against unforeseen risks. Insurance policies also offer tax benefits on premium paid. One should choose right insurance plans that suit his needs.
Watch the interview of Hemant Rustagi of Wiseinvest Advisors with Sumaira Abidi on CNBC-TV18, in which he shared his reading and outlook on the best ways to plan your taxes.
Keeping a track of income tax rules in money matters ensures peace of mind and healthy post returns in the hands of the investors. Here are some tips that make you wealthier in 2015
There are many options in life insurance space. There is no ideal product for all. You have to understand your priorities and accordingly choose one.
Saving tax often becomes an obsession. The basic purpose of an insurance policy is forgotten and it is used only as a tax saving tool.
An individual / HUF can save taxes up to Rs.30,900/- for taxable income up to Rs 1 crore in FY 2013-14. Tax savings would be Rs.33,990/- in case the taxable income exceeds Rs 1 crore.
One way to have disciplined tax planning is to link your tax savings investments to your retirement goal. The idea for linking tax planning to your retirement goal is important since all the tax savings instruments have a lock-in period of 3 to 15 years.
Financial Advisor Arnav Pandya lists out ways to reduce the capital gains tax on individuals.
In an interview to CNBC-TV18, Personal Finance Expert, Pankaj Mathpal of Optima Money Managers shared his views on tax planning.
As we approach the end of the financial year, the tendency to take stock of our investments to save us some income tax is legendary. But sometimes investments close to us escape our gaze and we add burden of investments to our portfolio of dispersed and discrete investments.
Usually, it is noticed that last quarter of the financial year is when people/investors start looking at tax planning. Then there is a rush to buy tax-saving schemes.
It is that time of the year again when we suddenly start taking interest in our finances. After months of hibernation, we suddenly wake up and start planning for saving income tax. While this is certainly better than not doing anything to save tax, this last minute rush can lead to some costly mistakes. Here are few things that you should avoid.
Pankaj Mathpal of Optima Money in an interview to CNBC-TV18 explains the about the benefits of Hindu Undivided Family (HUF) account. Basically, HUF account can be created by right of birth and not by an agreement between two parties.
The financial year 2012-2013 is almost coming to its end now. Many investors will seek various avenues in order to save taxes. Year-end tax planning strains finances if decisions are made in a hurry. Financial expert Jitendra Solanki shares few tips which will help investors make better last minute decisions.