Category: Tax

Computation of Tax on Gains from Futures & Options (F&O) Trading
in Tax

This post is written by CA Karan Batra, who is the Founder and CEO of Chartered Club. He can be reached at [email protected] The Gains from trading in Future and Options (F&O) are not considered as Capital Gains but are considered as Business Income. These gains are considered as non-speculative business gains and therefore income
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Budget 2018 – LTCG Tax @ 10%, Grandfathering Clause & Dividend Distribution Tax (DDT) on Equity Mutual Funds
in Tax

This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm, Ojas Capital in Delhi/NCR. He can be reached at [email protected] Budget 2018 has reintroduced the long-term capital gain tax on equity shares and equity mutual funds. There were speculations about its comeback, but I never expected
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Income Tax Return for FY 2016-17 – Which ITR Form is Applicable to You?
in Tax

This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm, Ojas Capital in Delhi/NCR. He can be reached at [email protected] If you trade in shares and unfortunately suffered any kind of loss while doing it in the previous financial year, FY 2016-17, then you should not miss the opportunity
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Know Your Income Tax Ward, Circle, Jurisdictional Assessing Officer
in Tax

This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm, Ojas Capital in Delhi/NCR. He can be reached at [email protected] While filing your Income Tax Return (ITR), you come across a column where you need to fill the Ward/Circle under which your return gets processed. Though
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ITR Filing – FY 2015-16 (AY 2016-17) – ITR 1 (Sahaj), ITR 2, Form 26AS, Know Your Jurisdictional Ward
in Tax

This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm, Ojas Capital in Delhi/NCR. He can be reached at [email protected] We are fast approaching July 31, the due date of filing income tax returns (ITRs) for the previous financial year i.e. FY 2015-16 or assessment year
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MCD Property Tax – Calculating Tax, Online Payment, Past Payment Receipts & Other Relevant Info
in Tax

I just ended up paying MCD property tax (also called house tax) for our residential property in South Delhi. As there were various links which I required to calculate the tax, make online payment, print the payment receipts and check previous years’ tax payments, I thought of writing this post to help property owners in
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How to invest in NPS Online – eNPS?
in Featured, Tax

This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm, Ojas Capital in Delhi/NCR. He can be reached at [email protected] Last minute tax savers have only 4 days left to finalise their tax saving investments. If my previous post on NPS could help you take a
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National Pension System (NPS) – Save Tax u/s 80CCD (1B) worth Rs. 15,450
in Retirement Planning, Tax

This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm, Ojas Capital in Delhi/NCR. He can be reached at [email protected] We all want to save taxes. We all invest to save taxes. Some invest in PPF, some in ELSS, some in NSC, some invest in 5-year
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Best Performing Tax Saving Mutual Funds (ELSS) of 2015
in Investments, Tax

This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm, Ojas Capital in Delhi/NCR. He can be reached at [email protected] Stock markets have turned turbulent again. Every morning I turn on a business channel these days, I see a large number of red ticks and only
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New Simplified Tax Return Forms for 2015
in Tax

The Finance Ministry issued a circular earlier today about tax return forms, and for a change, it is good news all around. They have made six announcements and they are all positive ones. They have stated that they won’t be asking people to furnish details of their foreign travel along with tedious details of how much
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Why the taxman may send you a demand notice?
in Tax

This post is written by Krishna Srinivasan, who is a personal finance blogger writes for Plan Your Investment.  Have you ever received notice from income tax office?. If you have filed income tax returns with all the details about your income, deductions, etc. and these details are verified by income tax department on random basis. Income Tax
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IDBI Tax Saving Fund – ELSS u/s 80C
in Tax

This post is written by Shiv Kukreja, who is a Certified Financial Planner and runs a financial planning firm, Ojas Capital in Delhi/NCR. He can be reached at [email protected] IDBI Mutual Fund has come up with a new fund offer (NFO) of its open-ended equity-linked savings scheme (ELSS), IDBI Tax Saving Fund, from August 20th.
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