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Innovative idea of taxing weddings by Government of Karnataka

Topic: Taxed Weddings Vision without action is a daydream; action without vision is a nightmare If there is an Award for ‘Innovative Idea of the Year’, for the year 2014, it should go to Mr. Siddaramaiah, the Chief Minister of Karnataka. The Government of Karnataka wants to levy Luxury Tax …

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Payment of tuition fee can help to reduce your taxes

Introduction: Section 80C of the Income Tax Act allows certain investments in many small savings like NSC, PPF, Pension plans and certain expenditure like payment of tuition fees, life insurance premiums, and payment of principal amount of home loan to be tax exempt. The aggregate amount of deduction permissible under …

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