What is the tax exemption on your leave travel allowance and how can you claim it? Read answers to these and other important questions to avoid tax outgo.
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I-T returns: Odd situations
What if you, as a taxpayer, are faced with unusual circumstances pertaining to your return? Money Today looks at five such odd situations and ways to deal with them.
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Why you should e-file
Despite its benefits, filing returns online is not a big hit. We bust the myths about the process and explain why it should actually be your first choice.
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How to profit from losses
The setbacks from stocks, mutual funds, real estate and other assets can be adjusted against gains from investments for up to eight financial years.
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Little-known tax benefits
Most of us are aware of the tax benefits on investments, medical insurance and the tax advantages of a home loan. Here are some inconspicuous sections of the tax law under which you can claim further deductions.
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Honesty charter for taxpayers
Many taxpayers aren’t aware that they may be falling foul of the tax authorities due to inconsistencies and errors in their returns. We list out eight fundamental rules to ensure that your return is free of mistakes.
Technology
Raj & Brinda Vasudevan
Scan the essential features of some electronic gadgets to ensure you don’t make an expensive mistake.
While Dipen Sheth takes a timid stand on Safe Wealth, he aggressively short-sells a bundle of stocks in the Wealth Zoom portfolio — and explains why.
Portfolio Doctor
Kamya Jaiswal
Despite fundamental mistakes, Mumbai-based Preeti and Vishal Srivastava can achieve their goals easily. This is because of the one right move: regular investment.
In the tradition of small-plate dining, this book tells you a little about everything. It’s a bid to find financial wisdom in unconventional places.
Tax liability on interest income from fixed deposits is calculated on an accrual basis.
Stocks of construction and real estate companies have fared well in the past three months.
Editors Note
Alam Srinivas
The IT Act is saddled with dozens of exemptions. It’s high time they are knocked off.
No, age is only one of the factors. Each age group has objectives, risk appetite and goals that are typical to the category.
Upfront
Narayan Krishnamurthy
It's hardly a surprise that debt-oriented products account for over 70% of the industry AUM, enabling big players to use them for treasury management.
Pradeep Kumar, 41, quit his job with Maruti to pursue vedic maths. His efforts have added up to the 80-centre behemoth, Magical Methods.
