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There are several sections under the Income Tax Act that provide hefty deductions for those repaying home loans.(Getty Images/iStockphoto)

Why a home loan is one of the best tax savers you can have

By By Adhil Shetty
PUBLISHED ON FEB 07, 2020 11:18 AM IST
No other tax-saving product can assure the quantum of savings a home loan can provide.
The Union Budget’s announcements on personal taxation were novel and urge you, as an investor, to recalibrate your investment strategy.(Bajaj Finserv)
The Union Budget’s announcements on personal taxation were novel and urge you, as an investor, to recalibrate your investment strategy.(Bajaj Finserv)

Why now is the right time to invest in FD

UPDATED ON FEB 06, 2020 07:14 PM IST
While the government has kept interest rates unchanged for small savings schemes for the fourth quarter of FY20, it may be a smarter choice to invest in fixed deposits, offering lucrative interest rates.
HT Image
HT Image

Industry hails increased turnover limit

Hindustan Times, Ludhiana | By Harsimran Singh Batra, Ludhiana
PUBLISHED ON FEB 01, 2020 10:57 PM IST
Boost to MSMEs: Unaddressed goods and services tax slab rates leave city’s traders despondent
This Christmas, steer your investments towards assured growth and higher returns.
This Christmas, steer your investments towards assured growth and higher returns.

4 year-end investments for a merry and secured financial future

UPDATED ON DEC 23, 2019 08:59 AM IST
Take a step today so that you can meet your financial goals tomorrow, with Bajaj Finserv.
friday inance
friday inance

Don’t want to pay tax? You don’t have to

By HT Brand Studio
PUBLISHED ON DEC 06, 2019 06:31 PM IST
Even though it sounds too good to be true, your investments can get you ample tax benefits. Tune in to the latest episode of HT Friday Finance to know more.
CBDT said it had issued the clarification after it receiving “queries” from “the general public through social media on the applicability of this section on withdrawal of cash from 01.04.2019 to 31.08.2019”.(Shankar Mourya/HT Photo)
CBDT said it had issued the clarification after it receiving “queries” from “the general public through social media on the applicability of this section on withdrawal of cash from 01.04.2019 to 31.08.2019”.(Shankar Mourya/HT Photo)

On new 2% tax on cash withdrawals, CBDT clarifies fine print

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON AUG 31, 2019 06:53 AM IST
The 2% TDS will, however, be applicable from day one on all such cases where a person has already exhausted the Rs 1 crore limit for 2019-20, according to a statement issued by CBDT.
You should cross-check all your investment and withdrawals and the TDS details before filing your returns so that you don’t miss out on any of the tax dues.(iStock Photo)
You should cross-check all your investment and withdrawals and the TDS details before filing your returns so that you don’t miss out on any of the tax dues.(iStock Photo)

Tax details you must look out for

Mumbai | By HT Correspondent, Mumbai
PUBLISHED ON JUL 23, 2019 02:34 PM IST
There are multiple reasons where you might miss out to mention your income or wrongly report the income.
Only about 29% of the total 1.39 lakh units launched across the top seven cities in India in the first six months of 2019 are affordable, found the report.(Representational photo/HT Archives)
Only about 29% of the total 1.39 lakh units launched across the top seven cities in India in the first six months of 2019 are affordable, found the report.(Representational photo/HT Archives)

Affordable housing market fails to take off, says report

Gurugram | By HT Correspondent
PUBLISHED ON JUL 23, 2019 04:13 AM IST
Out of the total supply of 1,39,490 units across the top seven cities in the country, only 39,840 units fall in the affordable category.
One should not focus on investment only to save tax. You should consider the overall financial plan and then invest.(Getty Images/iStockphoto)
One should not focus on investment only to save tax. You should consider the overall financial plan and then invest.(Getty Images/iStockphoto)

Here’s how you can reduce your tax outgo

Hindustan Times, Mumbai | By Revati Krishna, Mumbai
PUBLISHED ON JUL 16, 2019 03:59 PM IST
If your taxable income is above Rs 5 lakh, you can avoid paying tax by investing in certain investment instruments.
(iStockphoto)
(iStockphoto)

Union Budget is not all good news for young homebuyers: experts

Hindustan Times | By Lavina Mulchandani
UPDATED ON JUL 29, 2019 01:41 PM IST
Renting may be easier. Paperwork simpler. But taxes and land reforms are still stuck in the past.
Those purchasing homes valued up to Rs 45 lakh under the affordable housing scheme can avail enhanced interest deduction up to Rs 3.5 lakh.(HT File)
Those purchasing homes valued up to Rs 45 lakh under the affordable housing scheme can avail enhanced interest deduction up to Rs 3.5 lakh.(HT File)

Budget 2019: FM proposes additional tax deduction of Rs 1.50 lakh on home loan interest

New Delhi | By Asian News International
PUBLISHED ON JUL 05, 2019 02:34 PM IST
Budget 2019: Those purchasing homes valued up to Rs 45 lakh under the affordable housing scheme, Sitharaman said, can avail enhanced interest deduction up to Rs 3.5 lakh.
Finance Minister Nirmala Sitharaman in her maiden Budget speech on Friday proposed many changes in income tax provisions for this year but kept income tax slab rates unchanged.(ANI Twitter)
Finance Minister Nirmala Sitharaman in her maiden Budget speech on Friday proposed many changes in income tax provisions for this year but kept income tax slab rates unchanged.(ANI Twitter)

8 key changes in tax provisions announced in Budget 2019

New Delhi | By HT Correspondent
UPDATED ON MAY 28, 2020 09:27 PM IST
In a key announcement, Nirmala Sitharaman announced that Aadhaar and PAN would be made interchangeable for tax-filing purpose. This means that if you don’t have a PAN, you can file returns using Aadhaar.
NSC is a tax-saving instrument under section 80C of the Income Tax Act.(Representative Image)
NSC is a tax-saving instrument under section 80C of the Income Tax Act.(Representative Image)

National Savings Certificate (NSC): What you should know

Hindustan Times, Mumbai | By HT Correspondent
UPDATED ON JUN 25, 2019 10:26 AM IST
Are you planning to invest your money in National Savings Certificate (NSC)? Here’s what you should know
Assocham in its budget memorandum also suggested against tax deduction at source from payment of interest to senior citizens.(AFP File Photo/ Representive Image)
Assocham in its budget memorandum also suggested against tax deduction at source from payment of interest to senior citizens.(AFP File Photo/ Representive Image)

Assocham suggests tax sops for senior citizens

New Delhi | By HT Correspondent
UPDATED ON JUN 19, 2019 05:13 PM IST
It said many senior citizens couldn’t get benefit of any robust social security or pension fund investments as they did not exist during their working life and were largely dependent on interest income from fixed deposits.
The I-T department has decided to issue only e-refunds from March 1, 2019(HT File Photo/ Representative image)
The I-T department has decided to issue only e-refunds from March 1, 2019(HT File Photo/ Representative image)

3 changes to impact tax-filing

Hindustan Times | By HT Correspondent
UPDATED ON JUN 18, 2019 10:52 AM IST
E-refunds will be issued to only those bank accounts which have been verified on the e-filing portal and are also linked with the PAN of the taxpayer.
The first exempt implies investment qualifies for exemption.(PTI/File Photo)
The first exempt implies investment qualifies for exemption.(PTI/File Photo)

Decoding tax exemptions

Hindustan Times | By HT Correspondent
UPDATED ON MAY 13, 2019 03:16 PM IST
Breaking down and decoding the tax exemption guidelines, to understand them better.
Sniffer dogs check Budget 2019 papers on Parliament House premises in New Delhi on Friday.(Arvind Yadav/HT Photo)
Sniffer dogs check Budget 2019 papers on Parliament House premises in New Delhi on Friday.(Arvind Yadav/HT Photo)

Budget 2019: How your taxes and investments could be affected by the budget

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON FEB 01, 2019 01:29 PM IST
Budget 2019: Experts are divided on whether the government will stick to the norm of presenting an interim budget in an elelction year or will they make big ticket announcements
(Photo: Shutterstock)
(Photo: Shutterstock)

Here are some smart tips to save taxes while filing your income tax returns

Hindustan Times, New Delhi | By Alisha Sachdev
UPDATED ON JUL 04, 2018 02:48 PM IST
Alok Agrwal of Deloitte India details some things to be mindful of from a tax-saving perspective while filing your ITR
Tax department employees help government employees to help file their Income Tax Returns (ITRs).(Pradeep Gaur/Mint)
Tax department employees help government employees to help file their Income Tax Returns (ITRs).(Pradeep Gaur/Mint)

Never filed your income tax return before? Don’t lose time and start now

Hindustan Times, New Delhi | By Alisha Sachdev
UPDATED ON JUN 28, 2018 11:27 AM IST
Failure to file your income tax returns may have serious monetary and legal consequences. No matter one’s past record, it is never too late to start filing income tax returns.
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