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Tax Planning

It is not about Old Vs New Tax Regime but Saving Vs Spending

February 4, 2023February 2, 2023 CA. Kalpesh Karia
Old Vs New Tax Regime

Budget 2023 has further reduced Income tax liability in the new income tax regime in India . There is no tax liability upto Rs.7 Lakhs income . You will find lots of number crunching exercises on LinkedIn Read more […]

Categories Income Tax, Personal Finance, Tax Planning Tags Budget, Personal Finance Leave a comment

What is Income Tax rates on Mutual Fund ?

October 10, 2022 CA. Kalpesh Karia
Income Tax on Mutual Fund

Income tax is one of important aspects in dealing with mutual fund. Investor should aware regarding applicable income tax rates . Post tax return will be impacted by Income tax rate . For example long Read more […]

Categories Income Tax, Personal Finance, Tax Planning Tags Income Tax Rates, Personal Finance Leave a comment

Deduction of Interest on Housing Loan in case of co-ownership

June 26, 2021May 12, 2021 CA. Kalpesh Karia
Deduction of Interest on Housing Loan in case of co-ownership. Section 24 and section 80 C deduction as per Income Tax Act
Deduction of Interest on Housing Loan in case of co-ownership : IF home loan is taken for the purpose of purchase, construction, repair, renewal or reconstruction, interest there on is allowed on accrual Read more [...]
Categories Finance, Income Tax, Personal Finance, Tax Planning Tags House Property, Personal Finance 2 Comments

Section 80TTA & 80TTB-How to earn tax free interest

May 1, 2021May 1, 2021 CA. Kalpesh Karia
Section 80TTA & 80TTB

It is very heart breaking when we are not able to get full return on our investment. Yes, we are discussing about earning interest income. This article will provide information regarding How to earn tax Read more […]

Categories Finance, Income Tax, Personal Finance, Tax Planning Tags Deductions, Personal Finance Leave a comment

How to Claim Deduction in respect of Health Insurance Premium

May 17, 2021January 5, 2021 CA. Kalpesh Karia

Background – Deduction in respect of health insurance premium: Post covid scenario, People are buying health insurance policy. You may have also purchased health insurance policy for the first Read more […]

Categories Income Tax, Personal Finance, Tax Planning Tags Deductions, Income Tax Return, Personal Finance Leave a comment

Deduction of Interest on Loan taken for Higher Education

January 11, 2023June 18, 2016 CA. Kalpesh Karia
deduction of interest on loan taken for higher education

Deduction of Interest on loan taken for Higher education is probably very less known benefit provided by Income Tax Department. Now a days cost of higher education is soaring . Students take loan with Read more […]

Categories Finance, Income Tax, Tax Planning Tags Deductions, Personal Finance Leave a comment

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