Your arrears will provide a boost to your finances, but they may also increase your tax burden.

As per the Income Tax Act, only one house under the possession of the assessee can be treated as self-occupied.

Don't panic if you have overshot the tax payment deadline. We tell you how to put your taxes in order.

The quality of management is also an important factor while buying a stock.

You can claim benefit of savings made under Section 80C provided the savings were made before March 31.

Pankaj Singhal is unsure about how much he should invest in each asset class. Here we explain the rationale behind investing.

Usually, money to charities is given from the post-tax income. Charitable contributions do not attract any tax.

The new voluntary pension plan is set to open for subscription to all citizens from 1 April. We look at the nuances of this scheme, how it will work and what you should watch out for.

According to the Income Tax Act, the property on which the capital gains tax exemption is claimed cannot be sold before three years of its purchase.

While a life or health insurance policy is the ideal way for women to reduce liability, it should not be considered the primary reason for buying one.

India's sheen may have dulled a bit, but when it comes to employment, Indians are optimistic about job security in 2009.

It is the auditors' duty to verify the authenticity of information. Through due diligence, one can easily identify forged documents, if any.

There is no provision in the Income Tax Act for any concession on education fee reimbursement given by an employer. Hence, your education reimbursement will be fully taxable.

You can either visit your assessing officer with a copy of the acknowledgement of your income-tax return or write to the income-tax office enclosing the details.

What pushed Raju to confess something he had so carefully hidden from the world for seven years? We look at the possible factors that may have triggered his decision to come clean.

A wedding, a career shift or an investment plan for your kids - each occasion throws up opportunities to derive tax benefits.

He has a knack for winning TV reality shows and recently pocketed Rs 61 lakh. But Ashutosh Big Boss Kaushik is in desperate need of an investment strategy.

If you have lived in India for more than 182 days in a financial year, you will be considered a resident of India under the Income Tax Act. So your income, including the one earned abroad, will be taxable in India. However, you may get benefit under the Double Taxation Avoidance Agreement.

You are in the midst of the first world-wide economic slowdown and recovery seems a long way off for the global markets. So do you need to change your investment strategy? Money Today thinks so.What the Experts hope to do in 2009 How to invest in 20092009: A year of hope

The Income Tax Act offers exemptions for certain categories of allowances. You can opt for some of these to minimise your tax outgo. Besides these, there are some tax-free allowances on which the employer has to pay the fringe benefit tax.