SHALL I PAY INCOME TAXES??? Help Me!

you could save your tax by doing investments but u can't get rid of it as your income is taxable . you should give some tax to this government as it has given you the oppurtunity to give services globally and earn huge money. .

Well,say me how much investment do i need to do???

I really dont want to pay a penny as tax...

if you will not pay Income tax then you will be caught very early by IT dept. as u have huge transactions in ur bank account monthly

well wat you say nt to pay tax is a crime under rules of income tax if u do not file ur retrn & pay taxes ur income will b taken as BLACK MONEY and that is taxable with penalty from 100% to 300%

the maximum u can asve is upto 100000/- by mutual fund investments & LIC . Dats it
 

I suggest u to get urself a pan card as early as possible & shud start filing ur return

God damn it...

Thats a sh*t rule then. We work hard and earn it and ovy takes it. Shit...

Well,i know,there should be a way out...

There are ppl who earn more than 15 lakhs a month and that too in my locality.

I guess,only the investment plans can save me..

Im feeling annoyed at this rules now...

Yes thats what im asking ....

I really dont know any rules or terms related to Income tax. I just know,how to code or program. LOL!

Im getting my PAN card by this 30th..

Ok ,im ready to invest around 3-4 lakhs in Mutual Funds and tax gain policies of HDFC and SBI..

I guess,the bank officials can only help me....

Pleae send detailed about deferred tax liability & how its calculate?

if anyones gross income from any sources alltogether exceeds the exemption limit. it is compulsary tofile return of income. pan is compulsary for filing return.

Dear soumendra,

Pls understand that we are paying taxes to finance our own needs. It helps govt to build roads, airports, infrastructures, railways any many other facilities that cant be mentiond here. We all pay taxes.If u dont pay taxes , inspite of having a taxable income , it will be tax evasion..which is an offence.......What u can need  is tax planning .u can approach a tax/investment  planner , a CA & understand where u should invest so that u avail the maximum benefits.

Dear Soumendra Jena
I cannot assure you that there is a way to pay zero taxes always, but still there are various legal tax planning methods in order to save taxes on your hard earned income.

this planning will help you to minimize your taxes to a certain level.

Nikunj Rathi

Chartered Accountant

Hello...

Im ready to pay the taxes,but not in that lots...

Can pay upto 5-7k as taxes,but not more than that. SO i need to file a return with some good expense slips and all..

Got an idea abt it.

Im thinking of registering as a aSole Propritor Firm and then file it. That way,all of my expenses can be added also..

Im rea;;y looking for a skilled CA to help me on the way..