Tax

Picture for representation purpose only. (Source: Reuters)

Updated : Jan 13, 2015

How you can make tax gains from ancestral property

Property can take the form of a short-term capital asset or long-term capital asset depending on the period for which it is held.

Updated : Dec 15, 2014

Rules you should know pertaining to gift taxation

To make sure that you stay clear of tax troubles, we give you a low-down on rules that govern gift taxation.

Long-term capital gains are taxed at a beneficial rate of 20%, plus a cess of 3% (Photo: Reuters)

Updated : Sep 19, 2014

Legally avail exemptions on long-term capital gains

Find out the various options to counter the tax arising at the time of sale, some of which have been articulated below to help you pick options of your liking.

Finance Minister Arun Jaitley has announced many steps to lower the burden on individual taxpayers.

Updated : Aug 6, 2014

Budget 2014 offers small savers a better chance at savings

The Budget proposes to raise the exemption limit by Rs 50,000 to Rs 2.5 lakh for all individual tax payers below 60 years of age and Rs 3 lakh for those who are above 60 but below 80.

While preparing your returns, back-up documentation is necessary as it supports subsequent tax assessment.

Updated : Jul 28, 2014

Filing tax returns? Keep your papers in order

While preparing your returns, back-up documentation is necessary as it supports subsequent tax assessment. With e- filing of tax returns becoming mandatory, no document needs to be filed with the authorities; however, it is important that a salaried tax payer maintains adequate documents in support of his tax return.

Updated : Jul 12, 2014

With tax filing deadline around the corner, here are a few tips to get your tax planning right

Most of us have faced the consequences of late tax planning some time or the other in our life. That's why the best tax planning advice experts give is simple-Start Early.

Updated : Jun 26, 2014

Pay lesser tax by contributing to charities and NGOs

Contributing to charities and NGOs allows you to reduce the tax outgo while helping the needy.

Updated : Jun 21, 2014

Guide to calculate tax on capital gains from stocks, mutual funds

Many people make capital gains from stock and mutual fund investments. An individual who has sold shares or mutual fund units in the previous financial year must mention the gains, if any, in the return. Here's a quick guide:

Updated : Jun 5, 2014

E-filing websites now offering professional advice too

The surge in e-filing has also helped the growth of a number of efiling websites because even though e-filing has seen a sharp rise, experts point out that many people remain unsure about the laws and the actual procedure.

Annie Matthew, Director, Alliances and Business Development, BlackBerry India

Updated : May 12, 2014

Filing tax returns via apps has its advantages: Annie Mathew

Tax apps use the same encryption that banks use to send and receive information. They also offer frequent updates against potential threats, writes ANNIE MATTHEW, Director, Alliances and Business Development, BlackBerry India.

Updated : Feb 19, 2014

Healthcare costs are eligible for some tax deduction

Healthcare costs constitute a significant part of household budgets, including treatments, preventive checkups and health insurance premiums, and it's increasing every year. However, not everyone is aware that income tax deduction is available on some healthcare costs.

Updated : Jan 3, 2014

Tips on lowering tax liability arising out of profit made by selling a property

While real estate can give good returns, it can also mean a hefty tax outgo. Irrespective of how the property has been acquired, the taxman looks at each and every real estate transaction.

Updated : Dec 12, 2013

How to handle notices from the income tax department

Have you been served a notice by the income tax department of late?  If yes, there is no need to get flustered, say experts. A notice does not necessarily mean you have committed a crime. Even a minor error in tax return can invite a notice from the tax department.