financial services

How to Invest in Shares and Save Taxes

The number one rule for successful personal finance is ‘Save before Spending’ and although it may seem contradictory to common sense, you can actually save taxes by investing in the stock market. So, here’s how. Equity investments are a source of income and the government doesn’t give you incentives to earn more. But equity is… Continue reading How to Invest in Shares and Save Taxes

financial services

Common Penalties for Income Tax Defaults

Income tax non-compliance would seem like a mine-field with several hefty fines and penalties having been introduced this financial year and the next. Misdemeanours in relation to income tax payments or filing of returns could prove very costly to your household budget were they to be implemented in letter and spirit. For example, the commonest… Continue reading Common Penalties for Income Tax Defaults

financial services

Demonetisation, Digitisation and Tax Efficiency

As we complete a year since the last demonetisation exercise, income tax returns were claimed to have increased by one fourth and revenue by two fifths. So the Government seems to be looking at another push to digitisation. Will there another note ban soon? Paypal CEO, Rohan Mahadevan, was heard voicing public speculation that demonetisation… Continue reading Demonetisation, Digitisation and Tax Efficiency