Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: due date for vat payment :: articles on VAT and GST in India :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: cpt :: TDS :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: list of goods taxed at 4%
 
 
« General »
 Income Tax notification: Aadhaar-PAN linking must from July 1
 Filing ITR just got easier for salaried class with CBDT's one-page form
 Why consumers should welcome GST
 Retailers need to file single GST return every month
 Aadhaar is must for income tax returns if you have one; Here's how you can file it online
 Will it be a tax haven above the law?
 Your mutual fund investment tax efficient? Here are 3 steps to ensure utmost efficiency for your portfolio
 Finally a goods and services tax. But what lies ahead?
 Tax May Rise On Outbound M&As, Indian Mncs’ Investments
 Filing income tax return? Do remember to claim benefits on your reimbursements
 Banks will have a hard slog ahead to get GST-ready

Tax planning for new year
January, 11th 2013

Every new year, we adopt many resolutions. This year, one of these resolutions could be “I will become a good tax planner in 2013”. Let’s see how we can achieve this.

Making timely investment: Taxpayers are allowed deduction for various expenses and investments like children education, life and health insurance premium, equity linked savings scheme, education loan, etc. For being eligible for tax deduction, all these payments must be made before the financial year ends. Instead of waiting till the last date, timely investment can help increase the interest amount you will receive or reduce interest liability if you have a loan.

Collecting hard copies of investments: It is always safer to keep hard copy of investments and other receipts. Though these proofs are no longer required to be filed with your return, it is advisable to keep them in record as you may need them in case your return is picked for a detailed assessment.

Timely advance tax payments: If you have additional income from interest, rent, etc., then, you are required to pay advance tax on such income. Advance tax is payable if the total tax liability after reducing TDS is more than R10,000. It is advisable to pay advance tax before the due date to avoid interest liability.

Filing return of income: It is important that the tax return for FY13 is filed by the due date, i.e., July 31, 2013. A belated return entails certain disadvantages like foregoing the right to revise the returns or carrying forward the losses. One must also ensure that the TDS certificates are collected from all sources, including Form 16 issued by the employer by the time you file your tax returns.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Customer relationship management software CRM software Operational CRM Collaborative CRM

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions