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income tax law

Budget 2014-15: Expectations by Individual Tax Payers

With just a day left for the Union Budget, individual tax payers are expecting some great relief. Here are some of the important suggestions which we would like the Finance Minister to consider while presenting his maiden budget, specially keeping in view the expectations of the individual tax payers :- All taxes except income-tax should […]

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Understanding Income-Tax Planning

A question that commonly crops up in the minds of the tax paying public of India is with reference to Tax planning and the theme which comes in the mind is whether income-tax planning is legitimate or is it a crime. Well the fact remains that the country needs money to fund its developmental programmes […]

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How a Will Can Save You a Lot of Tax

Many tax advantages are possible only through a Will. For example, a separate income-tax file for a Hindu undivided family can be established by transfer of property through a Will. Similarly, bequests can be made to minor children and minor grand children through a Will in a manner such there is no clubbing of income […]

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Taxes to be paid while registering the property

Various taxes need to be paid at the time of property registration. These taxes are paid to the local government authorities of every city so as to keep an account of the true value of the property. The following taxes need to be paid by the buyer at the time of property registration. Tax Deduction […]

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