Which Income Tax Return(ITR) form should I file for AY 2015-16 (FY 2014-15)?

Income Tax department has unveiled the income tax return forms for the Assessment Year 2015-16 (Financial Year 2014-15). The main intention has been to simplify the ITR forms and make them user friendly. Many of the salaried class have been used to file SARAL (Form 1). However, this year, better be careful.
Those who avail HRA, have availed LTA or had any other "exempted income" more than Rs. 5,000 in the entire year, you better find out what form you are required to file...read on...

TDS on property sale in India Section 194-IA

This is a new tax, applicable from 1st June 2013, deducted at source, on sale of any immovable property (other than agricultural land) costing more than Rs.50 lakh u/s 194-IA

This tax will be called as withholding tax.

What is Advance Tax in India

Just like Wealth Tax, "Advance Tax" is another element of taxation which often gets neglected by most of us, probably because of lack of awareness... but remember that as you grow rich, you better equip yourself with all the required knowledge, for ignorance is never an excuse.

Dividend Payout Ratio and Dividend Yield

Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders. When a corporation earns a profit or surplus, that money can be put to two uses: it can either be re-invested in the business (called retained earnings), or it can be distributed to shareholders. 

What are Index Funds in India

In this series of posts, we are studying about various kinds of mutual funds available in the Indian market. In the last post, we studied about Income Funds. Today, we would study about another important category called as Index Funds.

What are Income Funds

If you are a novice to mutual fund investments, it can be difficult to pick the right ones given the number of schemes on offer. I am starting a series of fund types available in the market. This first post in the series deals with Income Funds.

Fixed Deposits vs Debt based Mutual Funds

The question of Debt Mutual Funds verses Fixed Deposits has been going on for a long time. Which one serves better for the conservative investor? In the minds of most investors, debt funds are a direct alternative and competitor for bank fixed deposits. This is a fair comparison, as the two serve the same purpose in anyone's investment portfolio. However, there are some crucial differences and it's important that investors should understand these.

Home Insurance for an Apartment Flat in India

Any standard home insurance policy will protect the structure of your house and its contents from perils such as fire, flood and earthquake. The terms are therefore straight if the house is on your own land. However, if you own an apartment, which is equally exposed to the dangers of getting partially damaged or completely razed by a natural or man-made calamity, it may raise some queries in your mind considering that your apartment is just one part of the complete building. Let us find more.

Book now available for sale on Amazon - Kindle and Paperback editions

Ah !!

It doesn't get better than this...my vision of reaching out to as many freedom seekers as possible across the globe gets a big boost as the book is now available at Amazon. Not only that, the book is now available in both the editions - the standard paperback edition and the much awaited e book edition - the Kindle edition.