Best Tax Planning is to Avoid These 10 Mistakes

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The aforesaid tax planning video presents before you most common mistakes of not following simple rules of taxation. The list of ten such mistakes have been prepared out of my long experience of settling tax payer's problem , and most of the time I found that higher tax liability has arisen because of simple mistakes committed by the person either because of unawareness about tax rule or lethargy or calousness to follow the rule .

So , this quick powerpoint presentation of tax planning informs you 10 simple tax laws and what you should do to avoid such mistakes.

For example , when you take home loan as a tax planning measure that interest on the loan will be deducted from your salary or other income , you should be aware of the rule that the house for which loan is borrowed must be completed within three years failing which deduction of interest under income from house property shall be restricted to Rs 30,000 only ..

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    The aforesaid tax planning video presents before you most common mistakes of not following simple rules of taxation. The list of ten such mistakes have been prepared out of my long experience of settling tax payer's problem , and most of the time I found that higher tax liability has arisen because of simple mistakes committed by the person either because of unawareness about tax rule or lethargy or calousness to follow the rule .

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    For example , when you take home loan as a tax planning measure that interest on the loan will be deducted from your salary or other income , you should be aware of the rule that the house for which loan is borrowed must be completed within three years failing which deduction of interest under income from house property shall be restricted to Rs 30,000 only .

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