Tax exemptions are available only on investments made in the tax payer’s name.

From the tax saving point of view, there is no ideal period for maintaining a home loan account.

There is no tax implication provided the receiver is not a minor.

No, only one residential property entitles you to tax deduction to the tune of Rs 1.5 lakh.

As per Section 64(1), if you transfer an asset to a spouse, the income from it is included in the hands of the person making the transfer.

Money Today presents a comprehensive guide on Income Tax. Look for information on tax saving instruments, long-term tax planning and so on.

You cannot save income tax by transferring money to your wife even by way of a gift. Know more about taxation.

Money brought into India as an NRI doesn't attract tax. But if invested, the income from it will be taxed.
Self-employed professionals have a very wide scope of reducing their tax liability.
There are five heads of income—salary, income from house/property, profit from business or profession, capital gains and income from other sources.
Don't spend your provident fund money. Invest it judiciously in either debt or equity schemes.
An analysis of the tax-saving options available under S ection 80C
The tax rate on short-term capital gains on sale of shares will depend on whether the shares are sold through a recognised stock exchange or otherwise.
When should you invest? How much tax you need to pay? MONEY TODAY answers all these and many other questions here. Read on.