Tax Saving Tips

Tax Saving Tips

 

Here are 15 simple tax saving tips for investors

1. Tax Incentives for home buyers.
2. Terrific tax advantages of investing in mutual funds.
3. Real estate investments for your wife and children.
4. Investing in new pension system.
5. Life insurance- Financial security plus reasonable returns.
6. Saving income tax on property gains through cost inflation index.
7. Second residential property is a tax burden.
8. Tax deduction on property constructed on land belonging to relatives.
9. Investment Mantra for your minor children.
10. Invest for minor children through trusts for big tax gains.
11. Real estate investment for your wife and children.
12. Taxing rental income of co-owners.
13. Tax deduction on property constructed on land belonging to relatives.
14. Tax saving through capital gain accounts scheme.
15. Saving income tax on property gains through cost inflation index.

The union budget every year changes some tax provisions or the other. So taxpayers also need expert guidance every year to figure out the best tax saving options.


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