Tax Planning

Here’s Why and How to Link Aadhaar with PAN: Recently, the government made Linking Aadhaar with PAN (Permanent Account Number) mandatory. It was the result of latest changes made to the Income Tax Act. Section 139AA was introduced in the IT Act by way of an amendment to Finance Bill, 2017. [MMS_EBOOK] The government aims

Here are the Income Tax Return (ITR) Forms for A.Y. 2023-24 (F.Y. 2022-23): Click here to be a part of myMoneySage Elite an exclusive community for the elite and discerning who want to maximise their wealth by leveraging the power of unbiased advice Income Tax Return (ITR) filing has always left individuals perplexed. It’s that

Here is a list of 14 tax free income which will enable you to plan your taxes efficiently: Paying Income tax is one of the liabilities that one cannot avoid. People earn income through various sources, however only few are aware that not all of them are subject to tax. There are certain tax free

Procedure to declare Black Money under Pradhan Mantri Garib Kalyan Yojana: To curb the black money, fake currency and apply a break on the terror financing activities, the government of India took the revolutionary step to demonetise Rs. 500 and Rs. 1000 currency notes on November 08, 2016. Since then, there has been a lot

Gold Jewellery acquired through legitimate/exempted income is Tax-free: Gold in India is not just looked upon from an investment perspective, but it is also looked upon as a symbol of status of an individual/family. Be it a festival or marriage or any other auspicious occasion, people’s zeal of holding the yellow metal has never deterred.

All you need to know about TDS and Income Tax rates on prize money from Lottery and Game Shows: Click here to be a part of myMoneySage Elite an exclusive community to the elite and discerning who want to maximize their wealth by leveraging the power of unbiased advice Mr. Ajay won a lottery for Rs.