The  interest on loan raised to build a house qualifies for deduction under Section 24 of the Income Tax Act, 1961, for a maximum of Rs 1.5 lakh.

Long-term capital gains from shares and equity funds (where over 60% of the corpus is invested in equities) are tax free. But the gains from the sale of other assets are taxable.

ICICI Securities is bullish on the telecom sector but has differing views on three major players.

Armchair banking goes a level higher with the increasing acceptance of the Electronic Clearance System in India.

The way the income is treated depends on whether the mutual funds have been retained for over a year or not.

The process of filing returns is painful. But online options promise to change things.

If small is beautiful, taxpayers can say goodbye to Saral forms. The new income tax return forms are substantially lengthier than various Saral variants used till now.

The Saral was an omnibus form to be used by all taxpayers with all types of taxable income.  The single-page form is the outgoing Saral and the multi-page variants are the new income tax return (ITR) forms.

An employer is required by the law to deduct tax on the payment he makes to compensate a previous employer for not serving the notice period.

Job hops often lead to confusion over filing of tax returns. Surya Bhatia of Asset Managers helps clear the air

It is central to our magazine’s mandate to educate our readers on values of long-term knowledge-based investing.

'MONEY TODAY has added great value to our investment plans.'

It is said that Ravana performed miraculous feats of parallel processing by virtue of his 10 heads. One recitedshlokas, another conducted matters of state, a third carried on a flirtation and a fourth sang hymns.

There are five heads of income—salary, income from house/property, profit from business or profession, capital gains and income from other sources.

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

Don't spend your provident fund money. Invest it judiciously in either debt or equity schemes.

\"Tell me how you spent your income?” is what the taxman asked. “Dig your own grave” is what the taxpayer heard.

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.

Cash flow means the tax authorities also want to know the outflow, or the expense.

An analysis of the tax-saving options available under S ection 80C