Direct Tax Code

Little known ways to reduce your tax burden

Everybody knows that life insurance premium and PPF and Equity Linked Mutual funds will help you in reducing your tax liability. But are you aware of the fact that, even the stamp duty and the registration charges while buying a house can reduce your tax burden. Yes, in the year of purchase, you can claim […]

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Decoding Direct Tax Code (DTC)

Taxation / By Melvin Joseph

There was lot of expectation from Direct Tax Code (DTC), which is going to replace the Income Tax Act.1961.But when it was tabled in the parliament on 30th August.2010, the big reforms are missing. It can still undergo minor changes because, the date of implementation is 1st April.2012. There will be 3 slabs for the

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