All stories by Bindisha Sarang
File tax return in mid-June, once all necessary info is available
Rediff.com7 May 2024Taxpayers are filing their income tax returns (ITRs) early for the Assessment Year 2024-25 (FY25). By April 29, over 592,000 returns were filed, with over 538,000 verified and 367,000 processed. Early filing allows revisions without penalties.
'Invest 10-15% Of Your Portfolio In Gold'
Rediff.com1 May 2024Gold is an excellent asset class for diversification and should be included in all long-term portfolios.
Selling Jewellery? You Can Save Capital Gains Tax
Rediff.com30 Apr 2024Taxpayers seeking to save tax from the sale of gold (including inherited) should reinvest the capital gains in residential property to avail of the benefit provided by Section 54F.
Old Vs New Tax Regime: Which Saves You More Money?
Rediff.com23 Apr 2024The choice of tax regime dictates how your income will be taxed. If you don't make the right pick, you might end up losing money.
FMPs Or TMFs? Where Should You Invest?
Rediff.com22 Apr 2024FMPs remain an option for investors who believe interest rates could head downward over time and wish to lock in the current rates. TMFs have very low expense ratios, which makes them cost-efficient.
When You Should Invest In PPF
Rediff.com11 Apr 2024If you fail to make the lump sum deposit before April 5, do so at least before the 5th of the next month (May). That way you will only lose out on the interest for April.
Here Are Tax Saving Options For You...
Rediff.com10 Apr 2024Don't solely focus on tax-saving alone.
Want To Gift Investment?
Rediff.com8 Apr 2024If the gift is received from a relative, there is no tax implication. But if the gift is received from a non-relative and exceeds Rs 50,000 in value during a financial year, the entire value of the gift is taxable.
Insurance: How You Can Lose Money
Rediff.com22 Mar 2024In numerous instances, family members are unaware of an insurance policy's existence, let alone its details.
Want Tax Benefit On Insurance Plan?
Rediff.com21 Mar 2024An individual can avail tax deduction on the amount spent during the year on a deferred annuity for self, spouse, or child.
Your Outstanding Income Tax Can Be Waived If...
Rediff.com16 Mar 2024Taxpayers with old, outstanding taxes will benefit from the CBDT's new scheme.
Advance Tax Deadline Today: Who Should Pay?
Rediff.com15 Mar 2024Everyone (with some exceptions) whose estimated tax liability is Rs 10,000 or more in a financial year must pay advance tax.
NRIs, Are You Aware Of Indian Tax Rules?
Rediff.com12 Mar 2024Understanding tax residency rules and maintaining proper documentation is imperative to ensure smooth tax compliance.
Are you paying property tax? If not, read this now
Rediff.com11 Mar 2024Municipal corporations penalise late property tax payments. 'Penalties can include attachment of properties, bank accounts, rent and other movable assets," says Anand Moorthy, co-founder, Square Yards.
Want To Invest In FDs? Read This
Rediff.com26 Feb 2024'The barbell strategy says that the best way to strike a balance between risk and reward is to invest at the extremes of the risk spectrum.'
You Can Reduce Tax By...
Rediff.com22 Feb 2024What many don't realise is that including their spouse and children in their tax planning can enable them to reduce their tax burden legally.
What Are Multi-Asset Allocation Funds?
Rediff.com21 Feb 2024Since MAAFs invest across multiple asset classes, they offer diversification.
Which ITR Should You File?
Rediff.com16 Feb 2024A new schedule has been added to report income from cryptocurrencies and other Virtual Digital Assets.
Heard About Tax-Loss Harvesting In Stocks?
Rediff.com6 Feb 2024Investors can sell a part of the stocks, mutual funds, exchange-traded funds, and other securities held in their portfolios at a loss and use this loss to offset tax on the capital gains made on the sale of other securities.
How To Claim HRA
Rediff.com29 Jan 2024A taxpayer paying rent to his/her spouse is entitled to claim HRA benefit under relevant sections and within prescribed limits.