Articles on Tax - PersonalMoney.in

Should you e-file your income tax returns?

April 30, 2017June 19, 2009 by Manish Misra

E-filing of income tax returns was enabled by the Income Tax Department a couple of years back. Using the e-filing process is simple and easy for all. Plus you have so many options available to you to prepare your Income Tax Returns.

Computing capital gains tax demystified

April 30, 2017June 16, 2009 by Manish Misra

Investors are often bewildered by computation of Capital Gains Tax. Whether you invest in stocks, bonds, mutual funds, real estate, or any other financial instrument, you need to know the impact of the capital gains tax on your return. In this article we try to demystify Capital Gains specially for investments in equities.

Tax Planning with Section 80C

April 30, 2017April 10, 2009 by Manish Misra

Tax planning entails making investments and contributions that help minimize the tax liability. Traditionally, most of us invest only instruments that provide tax saving benefit as aversion for taxes ranks as one of the most universal emotions. But, does this fit well with our overall financial planning goals?

Should you buy or rent your home?

April 30, 2017April 9, 2009 by Manish Misra

Owning a home is perhaps the biggest and most important dream of an average Indian family. Due to its inherent socio-economic nature, ownership of a home goes beyond pure financial considerations. Renting a house on the other hand is acceptable for the sake of convenience and financial constraints. So, how do you decide whether to buy or rent your home?

Tax Calculator For Financial Year 2008-09

April 30, 2017March 30, 2009 by Manish Misra

Calculating personal income tax is an enigma for most salaried persons. Even Albert Einstein admitted, “The hardest thing in the world to understand is the income tax.”

10 tips to file Income Tax Return

April 30, 2017March 18, 2009 by Madhur Batra

Read this carefully, before you file your Income Tax Return (ITR), else you might end up putting yourself in big trouble. Many people in-spite of their best efforts are not able to fill error free Income Tax Returns (ITR).

Income Tax deduction simplified

April 30, 2017March 10, 2009 by Manish Misra

Some one had once said “the best things in life are free, but sooner or later the government will find a way to tax them”. Over the past few years, the Government has steadily whittled down tax exemptions available to the common man. Thankfully, there are some still available that allow deductions from our gross income.

Basics of Income Tax

April 30, 2017March 8, 2009 by Manish Misra

Taxes are fee charged by a government on a product, income, or activity. If tax is levied directly on personal or corporate income, then it is a direct tax. If tax is levied on the price of a good or service, then it is called an indirect tax. The purpose of taxation is to finance government expenditure.

Income taxes were in existence since ancient times. References of well built taxation system are available in all ancient civilizations, Greek, Roman, or Indus Valley. Both Manu Smiriti and Arthshaastra provide details of variety of taxes levied in ancient India.