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Investment Proofs For Claiming Income Tax Deductions FY 2012-13

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Are you done with your investments to avail tax deductions this financial year? If yes, then you must know that submitting the proofs of your investments to your employer as evidence of your investment is equally important as making investments. In simple words, as a tax payer you are required to submit the proofs of your investment to your employer ... Read More »

Public Provident Fund (PPF) In India: Safe Investment To Save Tax

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Financial year 2012-13 is moving towards its end and this is the time when most of the tax payers think of investing in different tax saving instruments to save tax. Tax saving instruments are those investment schemes which offers tax deduction under income tax act 1961. Although there are number of tax saving instruments available in the market like ELSS, ... Read More »

Income Tax (IT) Implications On Gift Received In India

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Gift is something we all like to get from our loved once but are we aware about the tax implications on the same. Under Income Tax Act 1961, there are many rules on receiving gift  based on the nature of the gift and from whom the person has received the gift. As per income tax act, gift received in the ... Read More »