Tax

Gold Limit for Individual in India

Gold Limit for Individuals in India

Today we take up the million dollar question when it comes to buying Gold. It is – “How much Gold you can legally hold? or What is Gold Limit?” The question has assumed much importance in recent times with changes in income tax laws as well as the government’s endeavor to unearth black money.

Save Income Tax under Section 80CCD

Save Income Tax under Section 80CCD

The Chapter VI-A of the Indian Income Tax Act provides various deductions for contribution towards Pension Plan. Specifically speaking, these deductions are offered under Section 80C, Section 80CCC and Section 80CCD which can be claimed when one files the income tax return.

HUF or Hindu Undivided Family

Save Income Tax Legally by forming HUF

HUF or Hindu Undivided Family is one of the most effective and legal ways for saving tax. The Income Tax Law provides the provision of HUF or Hindu Undivided Family by which you can save tax through proper planning and execution.

Income Tax Slabs in India for FY 2017-2018

India Income Tax Slab for Financial Year 2016-17

Indian Budget 2016 is finally out. Personal Financial enthusiasts who were expecting much favors from the Union Financial Minister regarding India Income Tax Slab for Financial Year 2016-17 must be quite disappointed. The reason being there is no change in the Income Tax Slab for Financial Year 2016-17.

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