Myth busted: You do not get 30% returns by investing 50,000 in NPS!

You would be surprised as to how many people believe that by investing an additional 50,000 in NPS, they “instantly” get a return equal to their tax slab! This is a case of mis-accounting or innumeracy. In this post, I discuss what exactly is the implication of “saving tax” via investing in 80C and with the National Pension Scheme (NPS).

Announcement 1 : Gamechanger paperback is still available at a 25% discount for Rs. 149 only! Grab it or gift it to a young earner read more

When and How Capital Gains Tax Can be Reduced

Under certain circumstances, long-term or short-term capital gains tax to be paid can be significantly reduced. It is not routinely possible and therefore important to recognize this possibility if and when it arises. This post stems from a discussion at Facebook Group Asan Ideas for Wealth, started by Subrat Dash, with the circumstances explained by Ashal Jauhari and contributions by Harrsh Ankola. read more

Linking Aadhaar to PAN is not necessary for filing AY 2017-18 Income Tax Returns

Finance Bill 2017 was passed in the Lok Sabha on 22nd March 2017. Several amendments were introduced just before it was passed. Some of the key amendments involve the Aadhar card. In this post, I discuss why linking Aadhaar to PAN is not necessary for filing AY 2017-18 Income Tax Returns.

The amendments: (1) After 1st July 2017, all income tax returns and all PAN applications will require the Aadhar card number to be mentioned. (2) The govt will soon require PAN cards to be linked to Aadhaar card, failing which PAN cards will be invalidated. read more