5 Ways to Avoid Capital Gains Tax on Investments

If you’re an capitalist, or going to be one soon, capital gains tax is a very important topic. although it offers substantial advantages over normal tax levels, you'll still need to reduce the number of tax that you just owe, since it'll represent a discount in your overall return on investment.

Types of Investments Does the Tax Apply

Capital gains tax can apply to only regarding any quality that you just sell at the next value than you got it. the foremost typical assets that trigger capital gains taxes embody the following:


Under maintaince......

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investing in Gold and yields better return

Investment in Gold Bond is better option for those who wish to invest in gold; there are no chances of theft, fetches you little higher return besides appreciation in value of gold and is theft proof

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Why you should not delay filing the Income Tax return?

Delay Filing the Income Tax Return

The return of tax ought to never be delayed due to many rights and privileges that you just lose once the return is delayed. just in case you're not prepared, could file the return and revise it shortly later

Income Tax return forms the bottom for any and each Indian subject and is obligatory. As per Section 139(1) of income tax Act 1956, it's compulsory for

1. Company and firm to file return of financial gain or loss,
2. Any person apart from a corporation or a firm, having total financial gain that exceeds the fundamental 
3. Is a beneficiary of any plus set outside India.

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The Direct Tax Dispute Resolution Scheme Rules

The Direct Tax Dispute Resolution Scheme Rules 2016

Dispute resolution scheme is a perfect chance for assesses to settle previous cases underneath attractiveness wherever either they're on shaky ground or need to settle the case to focus on business

Benefits under the Scheme:

• According to the scheme, declarations may notice a settlement with reference to the unfinished attractiveness or case through the payment of arrears of tax only. Any liability with reference to the interest would be written-off and there'll no levy of penalties.
• his scheme would conjointly guarantee that many offenses that area unit done by the taxpayers area unit classified and stratified as per the penalties that they could incur. It would, in turn, relieve the department officers with their burden in higher cognitive process for the distinctiveness of each individual cases or charm.
• This functions for reducing the quantity of disputes that is caused thanks to large penalties that area unit levied, and additional aims to get rid of penalty charges utterly in specific cases.

ITRToday

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Income Tax Calculator

How much Income Tax do I need to pay?

How much tax you must pay depends upon the tax block applicable to your income. income tax is calculated on the idea of those tax slabs.

Income Tax Rates for taxpayers under 60 years of age in FY 2016-17, FY 2015-16, FY 2014-15 are below.

Income Slab	Tax Rate
Up to Rs.2,50,000	No Tax
Rs.2,50,000 - Rs.5,00,000	10%
Rs.5,00,000 - Rs.10,00,000	20%
Rs.10,00,000 and beyond	30%

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Income Tax Refund Status

Any people will check their tax refund standing on-line with some easy and extremely simple steps. income tax refunds status may be a terribly simple service by income tax department of India for knowing the refund standing on-line. A on-line refund standing portal offer the data of income tax refund standing with few clicks.

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