Income Tax Saving: 5 tax saving mistakes millennials need to watch out for
Tax Saving Mistakes: Tax planning is a year-long process and waiting until the last-minute can increase your chances of making mistakes. Millennials today manage their own finances. BankBazaar’s Aspiration Index’ data suggests 91% of India’s millennials between the age of 25 years and 35 years manage their own finances. From creating wealth More...
Stocks of 5 companies where income is growing faster than expenses are good investments
The aggregate total expenditure of the 4,100 companies that have declared third quarter results so far rose 19%, year on year, on a consolidated basis. This, combined with relatively weak macro data, makes it More...
Filing I-T returns? Collect THESE documents to calculate income tax liability
Investors should collate statements of capital gains, bank, dividends received, interest paid, TDS certificates, securities statements and interest earned on investments to calculate the income tax liability. Certificates More...
How Much Income Tax You Can Save In Assessment Year 2020-21
The income tax assessee can make use of latest changes in laws to make most of the earnings in AY2020-21 The government has announced a number of income tax-related changes in Budget 2019. Among these changes More...
Income Tax Rebate 2019 Clarification: Taxable income above Rs 5 lakh? Know what is in store for you
Budget 2019 Income Tax Relief: Finance Minister Piyush Goyal on Friday brought cheers to around 3 crore low-end taxpayers by announcing a rebate for people having annual income up to Rs 5 lakh. Section 80C of the More...
Income Support Schemes And The Butterfly Effect
Can the flap of a butterfly’s wings in one dimension set off a tornado elsewhere, asked Edward Lorenz, American mathematician and meteorologist. The idea, called the ‘Butterfly Effect,’ in popular culture More...
Food surpluses led to dip in food prices, farmers’ income: Arun Jaitley
Amid speculation that the BJP-led central government may introduce an income support scheme, Finance Minister Arun Jaitley said food surpluses have caused both food prices and farmers’ income to plunge, More...
Income tax filing to take just one day; Infosys to develop new system
The Union Cabinet yesterday sanctioned close to Rs 4,242 crore for the next-generation income tax filing system, which will cut down the processing time for returns to just one day from 63 days currently while More...
Income Tax rules: 10 ways taxpayers have been affected in the run up to Budget 2019
Budget 2019: Modi government is all set to announce its last budget of the current tenure on February 1 this year and the middle class are expecting a lot of favour from Finance Minister Jaitley this year before More...
Cramer’s lightning round: Take a long-term view on JP Morgan’s stock
JPMorgan Chase & Co.: “My charitable trust owns it. If I hadn’t mentioned it and it was therefore frozen, we would’ve picked some up today after listening to [CEO Jamie Dimon]. Now, More...