Money Saver India

tax

How to skip TDS on bank fixed deposits

How to skip TDS on bank fixed deposits

Banks have instructions to deduct tax at source on your fixed deposits, should they earn more than Rs10,000 in a financial year. Here's how you can avoid it altogether. [...]

October 20, 2015 Team MSI FINANCE, MSI NOW 0

The improved NPS fixes the wrong problem

The improved NPS fixes the wrong problem

To popularise the New Pension Scheme, the government is offering a larger tax break, while keeping firmly in place all that makes it second-rate. Here's what the NPS gets wrong. [...]

March 16, 2015 Team MSI FINANCE, MSI NOW 0

Hold shares, MFs longer to escape the tax net: DTC

Hold shares, MFs longer to escape the tax net: DTC

Revision in Direct Tax Code draft, if implemented, would impact you as the definition of long-term with respect to capital gains as well as that of wealth tax have been altered. [...]

April 4, 2014 Team MSI FINANCE, MSI NOW 0

Interest on TDS refund is due from payment date

Interest on TDS refund is due from payment date

The Supreme Court’s decision on interest applicable on excessive tax deducted at source should bring relief to many taxpayers who are in line for a tax refund. [...]

March 28, 2014 Team MSI FINANCE 0

Missed filing your tax returns last year? Act now

Missed filing your tax returns last year? Act now

CBDT is looking for non-return filers. But those who haven’t been able to file tax returns for AY 13-14 can still do so. [...]

March 24, 2014 Team MSI FINANCE 0

Claim personal loan interest as deduction

Claim personal loan interest as deduction

The utilisation of personal loan for purchasing or repairing your house can reduce your taxable amount. [...]

February 14, 2014 Team MSI FINANCE, MSI NOW 1

Steps to get your tax refund back

Steps to get your tax refund back

If you’ve paid your taxes and filed your returns, encountering a delay in receiving your tax returns can be a nuisance. Here’s what you can do if you haven’t received yours. [...]

February 6, 2014 Team MSI FINANCE 0

Commonly forgotten tax saving opportunities

Commonly forgotten tax saving opportunities

Aggressive marketing by banks and insurers cause us to focus on investments that give us benefits under Section 80C. But there are many other routes to lowering your tax liability. [...]

December 10, 2013 Team MSI FINANCE 0

Tax implications of mutual funds

Tax implications of mutual funds

Investing in mutual funds for the short- and long-term, in both debt and equity mutual funds, have different tax implications. A mistake could seriously impact returns. A complete guide. [...]

October 18, 2013 Team MSI FINANCE 0

Saving tax on your second home

Saving tax on your second home

Whether or not you’re renting out your second property, you must pay tax. But the Income Tax Act does offer some flexibility. Here’s how to lower your tax liability on a second home. [...]

September 13, 2013 Team MSI FINANCE 2