How to Save Income Tax Through Tax Planning

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Practical and time-tested methods for saving income tax. Every year, the Union Budget changes some tax laws or the other. Which means every year you need expert guidance to figure out your best tax-saving options because while some tax reliefs may be obvious - others are buried in fine print. Every year, India's top taxation experts R. N. Lakhotia and Subhash Lakhotia provide you just that — all the best tax-saving solutions that you can profitably use, all packed in this bestselling tax guide.   Find out how you can reduce taxes: Tax saving through full claim of tax exemptions, deductions and rebates How to reduce tax on your salary and perquisites How to save tax on income from house property How to save tax on capital gains How to save tax through gifts and trusts How to compute your taxable income Filling your income tax return — the easy way How to get your income tax refund Tax planning for different stages of life How to plan your investments to minimise taxes. Packed with practical examples and expert guidance, this book is India's most trusted tax-saving guide. And, remember, tax saved is additional money in your bank — to spend or invest as you want. About The Author Ram Niwas Lakhotia is one of India 's top authorities on taxation and practices as an advocate and tax consultant, specialising in practical tax planning and the drafting of trusts and wills. Starting with a brilliant academic career — Mr Lakhotia was ranked first in both his graduate and postgraduate examinations in Commerce — he joined the Indian Revenue Service as an Income Tax Officer, Class I. He again stood first in the whole country in the Income Tax Officers — Examination. Later, he quit the revenue service and launched into a highly successful taxation practice. Spreading the message of tax planning far and wide, Mr Lakhotia has addressed thousands of lecture meetings, symposia, and seminars on tax planning. He has written dozens of books on income tax, which have run to over 500 editions. Every Sunday as "Tax Doctor" R.N. Lakhotia answers questions on income-tax on Zee Business TV channel. He has been interviewed over BBC, London, A.I.R., Hong Kong Radio, Zee News TV, Star News TV and Doordarshan. He was conferred an Honorary Degree of Doctor of Taxation by Giani Zail Singh, a former President of India. He is the Founder-President of Income Taxpayers Association and Rajasthani Academy, and the Principal of Lakhotia College of Taxation and Management. He is the President of Indian Vegetarian Congress (Northern Zone), Delhi. Also interested in the spread of practical spirituality and vegetarianism, Mr. Lakhotia has written books on the subject of life improvement, and edits a monthly journal, Excellent Living. In the field of social service, he has constructed a big Dharamshala (rest house) which is used by families of the patients of JLN Hospital, Ajmer. He has served as the District Governor of Lions Clubs International, and was awarded the prestigious Udyog Rattan Award, Samaj Gaurav Award, Samaj Ratna Award and Manav Seva Puraskar. Every year he awards "Lakhotia Puraskar" of Rs. 1 lakh, declared by the Central Government as a National Award, for the best writer in Rajasthani language. Subhash Lakhotia is one of India's top taxation experts and has practiced as a tax and investment consultant for more than forty years now. He is the Director of R. N. Lakhotia and Associates LLP and Lakhotia College of Taxation and Management. Mr. Lakhotia has written numerous books on income tax, investment, real estate and spirituality. He is also the featured expert of the very popular television talk show, "Tax Guru" on CNBC Awaaz TV channel. The show has completed more than 300 episodes and won the National Television Award 2010 for the "Best Business Talk Show of the Year". Mr. Lakhotia has addressed hundreds of seminars and lecture meetings on taxation and tax planning. He also writes for many of India's leading newspapers and conducts the popular course known as "Zero to Hero in Direct Taxes". In 1970, Subhash Lakhotia was selected asthe best Indian youth by the Lions International to represent India at the World Youth Congress held at Atlantic City, USA. He is Secretary General of Investors Club and President of Spiritual Club International and Unite to Invest (UTI). He is Chief Strategist of the Real Estate Strategy Group and is actively associated with various professional bodies connected with real estate. He is actively associated with Lions Clubs International. He has been awarded the "Sahityashree" award and "The Suryadatta National Award, 2010". He is a member of the Governing Council of Proton Business School.