Raviraj Parekh June 12, 2019 The Central Board of Direct Taxes (CBDT) has recently issued a notification which has made it mandatory for individuals earning an annual income above INR 10 lakhs to file their Income Tax Returns online, from the current Financial Year 2011-12 (Assessment Year 2012-13) onwards. Filing income …
In 2006, Anandbabu has taken home loan and purchase his dream home in Ahmedabad. Home loan amount was Rs 7 lakh for 15 years & EMI was Rs 7,200. However, two year later he got transferred to Surat. Instead of renting home at Surat, Anandbabu has …
Shitanshu Kapadia October 14, 2014 Around 1.5 crore tax payer of India, with income up to 10 lakh, do not participate in equity market as they don’t have demat account, To encourage equity participation by this group government has introduced latest equity based tax saving scheme named as “Rajeev Gandhi Equity …
Raviraj Parekh March 3, 2015 Sachin Tendulkar finally hits 100th international century after wait of 369 days and 33 matches; On the same day (16th March, 2012) Finance Minister Pranab Mukherjee has made Yorker of budget 2012-13 and clean bowled most of us with announcements. Many of us had expected a reform rich budget this …
Ever since I started working full time & earning at age of 23 years, I have started complaining to my father see how much I paid in taxes, my father always use to say “if you have started paying taxes its good thing that you earned an …
Raviraj Parekh January 23, 2014 Before starting my talk on actual Tax Planning let me share one small incident happen with our one client, one of our client has made lump sum investment in ELSS for tax saving purpose on advice of his friend. This investment was made in Jan, 2008 …
