Forex

Were you prudent with your investments last year? Did they help you save tax? Or did you end up paying more than you could afford?

What investment mistakes did you make last year? Are their ways to rectify them?

What investment options should you go for this year?

What should you do to bring your tax liability to the minimum level

example question :
I have invested in shares. I would like to know whether I should declare for IT. Or since sale of shares gets deducted for TDS while making sales & no need for returns?

There are many misconception in your question. Firstly you file income tax return for the income youi earn. By investing in shares you don't earn any income and hence you are not required to declare in the Income Tax Return. However if you have purchased shares of one particular company thru IPO or right issue worth more Rs.1,00,000/- or more, you do need to declare such purchase. Secondly no tax gets deducted when you sale your shares. the tax called aqs Securities Transaction Tax is apart from Income Tax. When you sell your shares, you have to delcare the same in your income tax return.