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Tax (59 articles)

<p>This article explains the new rules regarding income tax return verification which are now in place for tax returns to be filed 1st April 2024 onwards.</p>
News Tax
When should you verify your Income Tax return as per the new rules effective from 1st April 2024?

This article explains the new rules regarding income tax return verification which are now in place for tax returns to be filed 1st April 2024 onwards.

Published: 16 April 2024

5 MIN READ


<p>This article advises on the steps a US-based Non-Resident Indian (NRI) should take regarding unreported mutual funds in India under FBAR and PFIC rules.</p>
NRI Tax
What should an US NRI do to become compliant with PFIC and FBAR rules on their Indian investments?

This article advises on the steps a US-based Non-Resident Indian (NRI) should take regarding unreported mutual funds in India under FBAR and PFIC rules.

Published: 14 April 2024

11 MIN READ


<p>This article allows you to calculate the best tax regime to choose based on your investments and salary structure.</p>
Tax
Which tax regime is better if you want to invest in PPF or ELSS or have a home loan?

This article allows you to calculate the best tax regime to choose based on your investments and salary structure.

Published: 31 March 2024

7 MIN READ


<p>This article compiles an exhaustive list of FAQs on the concept of tax saving by creating an HUF.</p>
FAQ Tax
Frequently asked questions on saving tax via Hindu Undivided Family (HUF): the complete guide

This article compiles an exhaustive list of FAQs on the concept of tax saving by creating an HUF.

Published: 30 March 2024

16 MIN READ


<p>This post sifts through 43 options to find the best performing ELSS funds for the 3-year period ending before Apr 2024.</p>
Tax Mutual Funds
Which are the best performing tax-saving ELSS mutual funds in Apr 2024?

This post sifts through 43 options to find the best performing ELSS funds for the 3-year period ending before Apr 2024.

Published: 29 March 2024

9 MIN READ


<p>This article is expected to give investors in India a complete guide on the topic of calculation of taxes on mutual funds.</p>
Tax Mutual Funds
How to calculate and save tax on mutual funds?

This article is expected to give investors in India a complete guide on the topic of calculation of taxes on mutual funds.

Published: 27 March 2024

11 MIN READ


<p>This article shows you the right way to apply Section 54F to save tax when you sell shares and mutual funds to buy an under-construction house.</p>
Tax Calculator House Purchase
How to save tax using Section 54F for an under construction house?

This article shows you the right way to apply Section 54F to save tax when you sell shares and mutual funds to buy an under-construction house.

Published: 24 March 2024

7 MIN READ


<p>This article gives you an overview of the tax-related tasks and calculations needed for resident Indians who hold foreign shares.</p>
Tax International Investing
Why you must declare your foreign shares and RSUs during tax filing?

This article gives you an overview of the tax-related tasks and calculations needed for resident Indians who hold foreign shares.

Published: 10 March 2024

3 MIN READ


<p>This article gives you the list of things you must do in March regarding taxes and improving your portfolio returns.</p>
Tax Mutual Funds
What are the portfolio and tax related things that you must do in March 2024?

This article gives you the list of things you must do in March regarding taxes and improving your portfolio returns.

Published: 6 March 2024

7 MIN READ


<p>This post sifts through 43 options to find the best performing ELSS funds for the 3-year period ending before March 2024.</p>
Tax Mutual Funds
Which are the best performing tax-saving ELSS mutual funds in March 2024?

This post sifts through 43 options to find the best performing ELSS funds for the 3-year period ending before March 2024.

Published: 2 March 2024

10 MIN READ


<p>This article tells you why it is a good idea to buy a home jointly as a couple and it is not only the tax benefits you get.</p>
Tax House Purchase
Home loan tax benefits that you get when you buy a property jointly with your spouse

This article tells you why it is a good idea to buy a home jointly as a couple and it is not only the tax benefits you get.

Published: 18 February 2024

8 MIN READ


<p>This article describes how to use the Arthgyaan goal-based investing tool as a calculator to determine if switching to the New Tax Regime makes sense from 1st April 2024.</p>
Tax Calculator
Budget 2024: which is the best tax regime to choose from 1st April 2024?

This article describes how to use the Arthgyaan goal-based investing tool as a calculator to determine if switching to the New Tax Regime makes sense from 1st April 2024.

Published: 1 February 2024

7 MIN READ


<p>This article discusses the mechanics and tax exemption rules applicable to US-based NRIs who wish to gift money to their parents in India.</p>
NRI Tax
How much money can NRIs in the US gift to their parents in India in 2024?

This article discusses the mechanics and tax exemption rules applicable to US-based NRIs who wish to gift money to their parents in India.

Published: 14 January 2024

7 MIN READ


<p>This post sifts through 39 options to find the best ELSS funds for investing in 2024.</p>
Choosing Investments Tax Mutual Funds
What are the best tax-saving ELSS mutual funds in 2024?

This post sifts through 39 options to find the best ELSS funds for investing in 2024.

Published: 1 January 2024

8 MIN READ


<p>This article tells you the common mistakes to avoid while giving your HRA exemption proof to your company.</p>
Tax
Which mistakes in tax-proof submission that can make you lose your HRA exemption?

This article tells you the common mistakes to avoid while giving your HRA exemption proof to your company.

Published: 24 December 2023

5 MIN READ


<p>This article considers one risk on TDS payment due to an inoperative seller PAN card where the buyers ends up with an income tax notice to pay the remaining tax.</p>
Tax House Purchase
What is a hidden risk about TDS what buyers must consider before property purchase?

This article considers one risk on TDS payment due to an inoperative seller PAN card where the buyers ends up with an income tax notice to pay the remaining tax.

Published: 20 December 2023

5 MIN READ


<p>This article gives you a list of common questions and their answers on the concept of tax collected at source when you buy a car.</p>
Tax FAQ
Frequently asked questions (FAQs) on Tax Collected at Source (TCS) when you buy a car

This article gives you a list of common questions and their answers on the concept of tax collected at source when you buy a car.

Published: 26 November 2023

4 MIN READ


<p>This article lists the historical Cost Inflation Index (CII) values since 1981 which are to be used for capital gains tax calculation for assets purchased before 2001.</p>
Market Data Tax
What are the historical Cost Inflation Index (CII) values since 1981?

This article lists the historical Cost Inflation Index (CII) values since 1981 which are to be used for capital gains tax calculation for assets purchased before 2001.

Published: 21 November 2023

8 MIN READ


<p>This article discusses a common tax saving technique of investing in the name of parents to save tax. We also look at the pros and cons.</p>
Tax NRI
Who should invest in the name of parents to save tax? Who should not?

This article discusses a common tax saving technique of investing in the name of parents to save tax. We also look at the pros and cons.

Published: 15 November 2023

6 MIN READ


<p>This article explains the concept of income clubbing. It shows how tax saving by investing in the name of family members may not save tax.</p>
Tax
Income clubbing: Are you trying to save tax by investing in the name of your parents or wife?

This article explains the concept of income clubbing. It shows how tax saving by investing in the name of family members may not save tax.

Published: 12 November 2023

7 MIN READ


<p>This article tells you who all can receive gifts of cash, shares, property or any other assets from you without paying any gift tax.</p>
Tax
Gift tax exemption rules: who can receive gifts from relatives that are tax-free?

This article tells you who all can receive gifts of cash, shares, property or any other assets from you without paying any gift tax.

Published: 8 November 2023

6 MIN READ


<p>This articles discusses some benefits and drawbacks of storing your mutual funds in demat mode with one killer feature that makes transmission possible.</p>
Mutual Funds Tax
What is the biggest benefit of holding mutual fund units in demat form?

This articles discusses some benefits and drawbacks of storing your mutual funds in demat mode with one killer feature that makes transmission possible.

Published: 1 November 2023

8 MIN READ


<p>Expert tips for maximizing your tax refund so that you can do the best thing to do for your portfolio in India.</p>
Tax
Maximizing Your Finances: Smart Moves for Your Tax Refund Windfall in India

Expert tips for maximizing your tax refund so that you can do the best thing to do for your portfolio in India.

Published: 13 September 2023

6 MIN READ


<p>This article explains the steps for paying TDS on purchasing property in an easy step-by-step manner.</p>
Tax Step by step House Purchase
How to file TDS for Property Purchase: A Step-by-Step Guide

This article explains the steps for paying TDS on purchasing property in an easy step-by-step manner.

Published: 3 September 2023

4 MIN READ


<p>This article explains the concept and steps for calculating TDS on purchasing property from builders, on resale or from NRIs, with and without a home loan.</p>
Tax House Purchase
TDS on Property Purchase: A Step-by-Step Guide

This article explains the concept and steps for calculating TDS on purchasing property from builders, on resale or from NRIs, with and without a home loan.

Published: 30 August 2023

6 MIN READ


<p>This article helps you choose the right type of gold for your long-term investments since all options do not give the best results.</p>
Gold Tax
The Ultimate Guide to Which Type of Gold Gives the Best Returns

This article helps you choose the right type of gold for your long-term investments since all options do not give the best results.

Published: 16 August 2023

9 MIN READ


<p>NRIs must file your income tax return on rental income from Indian property the right way. Learn about the tax deductions you can claim and how to file your return without hassles.</p>
NRI Tax
NRIs: How to File Your Income Tax Return on Rental Income from Indian Property

NRIs must file your income tax return on rental income from Indian property the right way. Learn about the tax deductions you can claim and how to file your return without hassles.

Published: 13 August 2023

6 MIN READ


<p>This article shows you what do do if you receive this cryptic SMS from the income tax department.</p>
Tax News
What to do if you get the transactions reported by you in Form 60/61 relating to FY 2021-22 SMS from the Income Tax department?

This article shows you what do do if you receive this cryptic SMS from the income tax department.

Published: 10 August 2023

7 MIN READ


<p>This article covers the mechanics for NRIs to regularly send or make one-time large gifts of money to parents in India.</p>
NRI Tax
How much money can NRIs gift to parents in India?

This article covers the mechanics for NRIs to regularly send or make one-time large gifts of money to parents in India.

Published: 30 July 2023

6 MIN READ


<p>This article compiles an exhaustive list of FAQs on the concept of tax saving while purchasing a house under Section 54F.</p>
FAQ Tax
Frequently asked questions on Section 54F: the complete guide

This article compiles an exhaustive list of FAQs on the concept of tax saving while purchasing a house under Section 54F.

Published: 26 July 2023

13 MIN READ


<p>This article shows you how to know the status of your income tax refund from Income Tax India website.</p>
Tax Step by step
How to check your income tax refund status?

This article shows you how to know the status of your income tax refund from Income Tax India website.

Published: 23 July 2023

4 MIN READ


<p>This article shows the solution in case NRIs suddenly find their PAN number has become inoperative after 30th June 2023.</p>
NRI Tax
What should NRIs do if your PAN has become inoperative?

This article shows the solution in case NRIs suddenly find their PAN number has become inoperative after 30th June 2023.

Published: 21 July 2023

5 MIN READ


<p>The article shows you the right way to allow your CA or other intermediary to file your income tax return instead of sharing username and password.</p>
Tax
Do not share login and password of income tax portal with your CA. Here is what you should do instead.

The article shows you the right way to allow your CA or other intermediary to file your income tax return instead of sharing username and password.

Published: 12 July 2023

6 MIN READ


<p>This article provides the latest updates to the Liberalised Remittance Scheme (LRS) and Tax Collected at Source (TCS) rules as applicable from 1st Oct 2023.</p>
Tax International Investing
How the government has provided relief to travellers and international investors by tweaking the LRS and TCS rules from 1st Oct 2023?

This article provides the latest updates to the Liberalised Remittance Scheme (LRS) and Tax Collected at Source (TCS) rules as applicable from 1st Oct 2023.

Published: 29 June 2023

4 MIN READ


<p>This article explains the concept of tax deferment and how it helps you convert income into capital gains that improve returns.</p>
Tax
Understanding tax deferment: how this concept improves your investment returns?

This article explains the concept of tax deferment and how it helps you convert income into capital gains that improve returns.

Published: 24 May 2023

5 MIN READ


<p>This article shows the impact of the new 20% TCS rule on all investments under the Liberalised Remittance Scheme from 1st July 2023 onwards.</p>
Tax International Investing
What is the impact of 20% TCS rule on all LRS investments from 1st July 2023?

This article shows the impact of the new 20% TCS rule on all investments under the Liberalised Remittance Scheme from 1st July 2023 onwards.

Published: 19 April 2023

6 MIN READ


<p>This article shows the latest Cost Inflation Index (CII) value for FY 2023-24. A table of historical values is also available.</p>
Market Data Tax
What is the latest Cost Inflation Index (CII) value in 2023?

This article shows the latest Cost Inflation Index (CII) value for FY 2023-24. A table of historical values is also available.

Published: 13 April 2023

4 MIN READ


<p>This article describes how to use the Arthgyaan goal-based investing tool as a calculator to determine if switching to the New Tax Regime makes sense.</p>
Tax Calculator
Should you choose the new tax regime from 1st April 2023?

This article describes how to use the Arthgyaan goal-based investing tool as a calculator to determine if switching to the New Tax Regime makes sense.

Published: 1 April 2023

6 MIN READ


<p>This article describes a tweak that investors can implement to plan taxes more efficiently, given that non-equity funds will be taxed at slab rates after 1st April 2023.</p>
Tax Mutual Funds
How to invest in mutual funds which are taxed at slab rates from 1st April 2023

This article describes a tweak that investors can implement to plan taxes more efficiently, given that non-equity funds will be taxed at slab rates after 1st April 2023.

Published: 29 March 2023

5 MIN READ


<p>This article shows the way forward for investors in debt, gold, hybrid and international funds which have lost indexation benefits on units purchased after 1st April 2023.</p>
Tax Mutual Funds
What should debt, international and gold mutual fund investors do now that these funds are taxable at slab rate?

This article shows the way forward for investors in debt, gold, hybrid and international funds which have lost indexation benefits on units purchased after 1st April 2023.

Published: 26 March 2023

12 MIN READ


<p>This article discusses the mechanics and tax exemption rules applicable to US-based NRIs who wish to gift money to their parents in India.</p>
NRI Tax
How can NRIs in the US gift money to their parents in India in 2023?

This article discusses the mechanics and tax exemption rules applicable to US-based NRIs who wish to gift money to their parents in India.

Published: 4 January 2023

5 MIN READ


<p>This post sifts through 38 options to find the best ELSS funds for investing in 2023.</p>
Choosing Investments Tax Mutual Funds
What are the best tax-saving ELSS mutual funds in 2023?

This post sifts through 38 options to find the best ELSS funds for investing in 2023.

Published: 1 January 2023

8 MIN READ


<p>This article discusses a new category of ELSS funds relaunched in India that are run as index funds. Should investors invest in ELSS index funds for tax-saving purposes?</p>
Review Tax Mutual Funds
Should you invest in ELSS Index Funds like the 360 ONE ELSS fund?

This article discusses a new category of ELSS funds relaunched in India that are run as index funds. Should investors invest in ELSS index funds for tax-saving purposes?

Published: 28 December 2022

8 MIN READ


<p>This article shows you how the concept of indexation lowers the capital gains tax you pay when you sell debt mutual funds.</p>
Tax Mutual Funds
Pay lower capital gains taxes for debt mutual funds: understand how indexation works

This article shows you how the concept of indexation lowers the capital gains tax you pay when you sell debt mutual funds.

Published: 23 November 2022

11 MIN READ


<p>This article settles the question of which type of capital gain calculation is better - debt-type funds taxed at 20% with indexation vs equity-type at 10%.</p>
Tax International Investing
Which mutual fund has lower tax - international funds at 20 percent vs domestic at 10 percent?

This article settles the question of which type of capital gain calculation is better - debt-type funds taxed at 20% with indexation vs equity-type at 10%.

Published: 21 September 2022

8 MIN READ


<p>This article shows you if it is better to take advantage of Section 80CCD to save up to 15,000 tax by investing in NPS Tier 1.</p>
NPS Tax
Which is better: save tax by investing 50,000 in NPS or 35,000 in equity mutual fund?

This article shows you if it is better to take advantage of Section 80CCD to save up to 15,000 tax by investing in NPS Tier 1.

Published: 11 September 2022

8 MIN READ


<p>This article discusses the Section 54EC exemption available for property sale: conditions applicable and worked-out examples.</p>
Tax
How Section 54EC helps you save tax when you sell property

This article discusses the Section 54EC exemption available for property sale: conditions applicable and worked-out examples.

Published: 14 August 2022

5 MIN READ


<p>This article explains the concept of equity LTCG grandfathering in detail with multiple case studies and examples.</p>
Tax Calculator
Pay lower capital gains taxes for equity: understand how grandfathering works

This article explains the concept of equity LTCG grandfathering in detail with multiple case studies and examples.

Published: 27 July 2022

10 MIN READ


<p>This article shows how to save capital gains taxes under income tax Section 54F when you sell other assets to raise money to buy your first or second house.</p>
Tax House Purchase Calculator
Sec 54F: a hack that can save lakhs in taxes when you buy a house

This article shows how to save capital gains taxes under income tax Section 54F when you sell other assets to raise money to buy your first or second house.

Published: 10 July 2022

11 MIN READ


<p>This article lists the latest as well as historical Cost Inflation Index (CII) values and shows you how to use CII for calculating capital gains tax.</p>
Market Data Tax
How to use the Cost Inflation Index (CII): latest value and historical rates

This article lists the latest as well as historical Cost Inflation Index (CII) values and shows you how to use CII for calculating capital gains tax.

Published: 29 June 2022

6 MIN READ


<p>A common dilemma of investors is whether they should invest in the name of their children for goals like college education.</p>
Children Tax
Should you invest in the name of your children?

A common dilemma of investors is whether they should invest in the name of their children for goals like college education.

Published: 20 April 2022

10 MIN READ


<p>This article shows what steps investors should take in April at the beginning of the financial year.</p>
Choosing Investments Tax
How should you plan your investments and taxes in April?

This article shows what steps investors should take in April at the beginning of the financial year.

Published: 1 April 2022

13 MIN READ


<p>At the end of the financial year, you need to complete some essential tasks and opportunities related to personal finance. Here’s a small list.</p>
Tax Portfolio Review
March is the time for...

At the end of the financial year, you need to complete some essential tasks and opportunities related to personal finance. Here’s a small list.

Published: 13 March 2022

5 MIN READ


<p>This article shows you the steps to follow to once you become an NRI regarding your accounts in India.</p>
NRI Tax
How should an NRI handle investments and accounts in India before shifting?

This article shows you the steps to follow to once you become an NRI regarding your accounts in India.

Published: 2 February 2022

20 MIN READ


<p>This article talks about understanding capital gains tax calculations and computing offsets vs other income.</p>
Tax
How to calculate taxes from capital gains and combine them with your other income

This article talks about understanding capital gains tax calculations and computing offsets vs other income.

Published: 28 January 2022

16 MIN READ


<p>This post targets explicitly new investors who are getting started with investing. We cover the most common, i.e. 80C, 80D, HRA, home loan and educational loan interest deductions.</p>
Tax
How to plan tax deductions for salaried income?

This post targets explicitly new investors who are getting started with investing. We cover the most common, i.e. 80C, 80D, HRA, home loan and educational loan interest deductions.

Published: 18 January 2022

13 MIN READ


<p>This article talks about one of the most basic ways of saving tax and how to plan the deductions smartly.</p>
Tax
How to best use 80C deductions to plan your taxes?

This article talks about one of the most basic ways of saving tax and how to plan the deductions smartly.

Published: 5 January 2022

13 MIN READ


<p>This post sifts through 38 options to find the best ELSS funds for investing in 2022.</p>
Choosing Investments Tax Mutual Funds
What are the best tax-saving ELSS Mutual Funds in 2022?

This post sifts through 38 options to find the best ELSS funds for investing in 2022.

Published: 1 January 2022

7 MIN READ


<p>This post discusses the concept of tax calculations and tax harvesting in a simple manner.</p>
Tax Asset Allocation
How is tax calculated on selling shares/MFs and how do to do tax harvesting?

This post discusses the concept of tax calculations and tax harvesting in a simple manner.

Published: 1 September 2021

15 MIN READ



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