Everybody knows that bank deposits are attractive investments now with returns in the range of 9-10%. But are you aware of the tax implication on the interest income? The interest earned on a bank deposit is added to your income and are taxable. Mutual funds are very good for long term wealth creation. Another advantage […]
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
I am sure, by the start of this new year, all of us started thinking about tax planning for this financial year. Ideally we should have started planning for this in April-2010, to get the optimum benefit. Let us discuss what we can do in the remaining 3 months of this financial year. Actually, tax
