Fist things first, ELSS is NOT a savings plan. It is an investment plan which is equity-heavy, with a lock-in period. Hence offers moderate risk.… Read More »ELSS Fund: It is The Best Tax Saving Scheme 
When a ‘capital asset‘ is sold for profit, income tax must be paid by the seller. We all know this, right? But the bigger question… Read More »How to Save Tax on Sale of Real Estate Property – Section 54?
Recently I read a document published by Income Tax Department on Presumptive Taxation. I found this document very useful. It deals with how freelancers, self-employed people… Read More »Presumptive Taxation for Freelancers Under Section 44ADA
It is necessary for people to file ITR even if tax liability is zero? The answer is No. A person whose taxable income is below… Read More »Why to File ITR even if Tax Liability is Zero?
Advance tax payment is not only applicable to the rich Bollywood stars and Businessmen. Even a salaried person may require to pay advance tax. How… Read More »Advance Tax Payment for Salaried People