The last date for individuals to file their income tax returns is July 31, 2022. Frankly, the idea of going through the process does not bring a pleasant feeling. Also, a reason that filing gets delayed to the last date. If you can follow the process step by step, you will find that it takes […]
[Calculator] A case for the new income tax slabs in 2020-21
The Budget 2020 proposed a new tax slab system, which it deems to be easier, convenient and helpful to a majority of the tax filing population. As I chewed upon the notes, I realised that the new tax slabs can actually make a lot of sense to a certain section of the tax paying population. […]
Budget 2020 – It’s the taxes, stupid!
Budget 2020 proposals are out. While enough has already been written and said, let’s go beyond that. Let’s look at some of the key proposals to develop an understanding of how they impact us and what we can do, if at all. Note: The Money and You workshops in Pune are scheduled on Feb 8 […]
Here’s how to get all your Mutual Fund Capital Gains statements for filing IT returns
If you are filing your income tax returns for the year 2018-19 and you also have made sell or switch transactions in mutual funds during that year, you are then required to calculate, show and pay your capital gains taxes. I have been getting questions too about capital gains report for mutual funds. Now, if […]
Capital gains tax on property sale – Here’s a calculator you can use
Taxes are always a pain, specially if you have sold a property, where capital gains tax applies. Calculation of capital gains tax on property sale needs a little more effort than usual. I am sharing with you a quick capital gains tax calculator you can use to estimate your tax liability. We will use a […]
The last minute tax savings guide for 2018-19
As a nation, we may be obsessed with saving as much tax as possible. But this last minute rush is what we truly enjoy. I am checking up with a few investors and guess what, they are still not done with their tax saving investments. If you are one of those, here’s your last minute […]
