Hello guys, As we all indian paypal users know we all are under scanning of RBI and it will give our all statement of transactions between paypal to bank to IT department thats why in next financial year we will have to pay tax excluding those are paying tax already. I have some query in my mind regarding this issue: 1. First of all how can we save tax max to max 2. whats expences we can show to save tax? 3. Is there any way to pay online tax?
You can save tax using 80c invest in mutual funda and various tax saving schemes. Show your interenet connection expenses, travel expenses, refreshment expenses, salary expenses and all. Invest in LIC schemes and get tax benefits on premium. For example LIC's Wealth plus schemes
I agree with technoguy there are a lot kind of expenses you can show or else invest in tax saving schemes. LIC is best among them.