Page 24 - Tax Saving News Today : Breaking News, Live Updates & Top Stories | Vimarsana

One needs to take into account the amounts already eligible for deduction as above and can only make fresh investments for the balance deduction, if needed.

Synopsis While this exercise may not cost much if you invest in load free equity mutual funds especially with the holding period of more than a year, however, when it comes to equities, investors will have to bear transaction cost in selling and buying shares which is most likely to be insignificant compared to tax savings. Getty Images One of the ways to maximise your tax-savings before the end of a financial year is by using your equity investments. You can do this by selling and then buying back your equity investments. This can be done, as long as the gains are within Rs 1 lakh, per finan...

Synopsis While this exercise may not cost much if you invest in load free equity mutual funds especially with the holding period of more than a year, however, when it comes to equities, investors will have to bear transaction cost in selling and buying shares which is most likely to be insignificant compared to tax savings. Getty Images One of the ways to maximise your tax-savings before the end of a financial year is by using your equity investments. You can do this by selling and then buying back your equity investments. This can be done, as long as the gains are within Rs 1 lakh, per finan...

Synopsis Here is a look at the all the tax benefits that an individual can get on home loan EMI payments if he/she has opted for the old tax regime. Getty Images If you have an on-going home loan or have taken a home loan recently, then there are certain tax benefits you can avail on the equated monthly instalments (EMIs) paid. There are additional tax benefits that were announced in previous budgets that are still applicable for FY 2020-21. Do keep in mind that for the current financial year, an individual can continue to opt for the old tax regime and claim tax exemptions such as HRA and va...

Don’t invest a large amount of more than Rs 50,000 at one go. Simple steps to make tax-saving simpler, more efficient Autoplay1 of 5 ​Tax planning tips With the financial year is drawing to a close, it is also the time to complete and close your annual tax planning and saving exercise, if you have not yet completed the same. If the latter is the case with you and you are not sure about which investment to pick to save tax or if you are haunted by a previous instance when, in a haste, you ended up pouring your money into the wrong products, only to end up with higher overall tax liability,...