by Jhaveri Kartik | May 17, 2016 | Tax Planning
Hers’s an interesting article from ET which highlights the 10 common mistakes that can fetch you a tax notice. They are as follows: Not reporting interest income. Ignoring income of old job. Not filing tax returns. Tax sops on house sold before 5 years. Misusing forms...
by Jhaveri Kartik | Jan 27, 2014 | Financial Planning, Plan your Finance - Articles, Tax Planning
All of us do our bit of investments that give us deductions from income and thus help us save taxes. There is so much more that can be done beyond section 80C which a lot of us are not well aware of; Here is a quick synopsis that may serve as a ready reckoner. Though...
by Jhaveri Kartik | Sep 26, 2012 | Tax Planning
The first step towards tax filing is to get sure of your residential status. For a particular financial year (F.Y.) you could be an Ordinarily Resident, Resident but Not Ordinarily Resident or Non Resident in India. Without taking help of anyone you can...
by Jhaveri Kartik | Jun 7, 2012 | Tax Planning
Filing the annual income tax return is a statutory obligation. Filing it “properly” must be considered as a duty that must be performed. Just because there are so many examples of non-compliance you can refer to does not mean you can be non-compliant too. The fact is...
by Jhaveri Kartik | Dec 23, 2011 | Tax Planning
Most of what we do with respect to tax saving / planning/ investment whichever way you call it is going to be of little or no use in years to come. The returns from such investments are likely to be minuscule and / or they may not serve any worthwhile use of your...
