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.
Tax Liabilities and Tax Saving Options
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.
Are you having questions pertaining to Advance Tax? Do you want to have clarity about Advance Tax?
Well, every one of us loves to receive gifts. Gifts are one of the ways for showing your love and affection towards your near and dear ones.
Capital Gains is the term used to define the profit that the investor makes by selling the capital asset for a price that is higher than its purchase price. It is the increase in the value of a capital asset (that can be in the form of an investment or real estate) that provides it […]
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.