Tax Time Tune Up

Excerpted from the new book, "How to Do Space Age Work with a Stone Age Brain" TM

The complete article with pictures and sample Auto Log is available at www.organize.com

Every year American companies lose millions of dollars in productivity to employees who end up taking their own personal time off to do their taxes. Whether you are filing by paper from just one W-2 or running multiple enterprises, streamlining now will pay off this year and in future.

Applying these proven Tax Time Tune-Up tips will save you time, frustration and could even save you money. Even if you only reduce your stress level ? it's worth it! Start today by getting an archive box or file crate to hold all your tax related files and forms.

If you have a good filing system, but you keep getting bogged down in old records: Every January, pull last year's financial files, any business related expenses, proof of income and all tax related items. While you are taking old files out, make the replacement new file folders for all of your regular home and business or personal financial and legal documents.

If you have no functioning filing system for your home (or business) I recommend you sort out your papers for tax and archives after setting up the FileSolutions TM color-coded pre-printed file kit that fits your current filing needs (http://www.organize.com) That way you'll have the right place to put each item as you handle it. I use the Home and Small Business FileSolutions TM kits in my own business, which makes it easy for me to guarantee your satisfaction.

Tax Preparation Software: By using tax preparation software, you can finish your federal and state returns in about 90 minutes-if you've completed the steps above. The software helps you find deductions, does the math for you and tells you what you owe or what your refund will be. Use tax preparation software matched to your situation and financial software; there are several available (TaxCut, TurboTax, etc.).

I use TurboTax (by the makers of Quicken) to do my own taxes. If I can do it ? so can you! Then, I have a tax professional check my return for way less money than it would have cost me to have my business and personal taxes done by a tax professional.

Good News/Bad News: If your Adjusted Gross Income for 2004 is less than $28,000, or you qualify for Earned Income Tax Credit ? go to http://www.taxfreedom.com and use Intuit's TurboTax program online for FREE!

Online tax-preparation sites keep improving their do-it-yourself tax tools, ease of preparation and regular or e-filing expertise. These offer the same process as desktop software does but, it is all done online. After the products fo through your return for errors (and suggest possible tax-savings), you can print your completed return or file it electronically.

The IRS likes electronically filed returns so much, in fact, that it's set up specific developers that provide free prep and filing to certain demographic groups. Go to www.irs.gov to see if you qualify.

Some tax-preparation web sites are cheaper than their desktop counterparts. But they don't always have the most complete version of tax help that the desktop software does. There can also be additional costs of state filing services, sometimes at more expense than the federal counterparts. A recent PC Magazine rated the top three Tax Web Sites as: TurboTax (ààààà), TaxCut and Complete Tax (both àààà).

Make a file tray marked Tax Stuff every January. While sorting your mail put all 1099's, W-2's, and any tax-related material into it. You can also put colored accordion file pocket folders in your 'tax box' for incoming tax documentation.

Use your credit cards to simplify your accounting. Select which cards you will use for business, travel or expensed transactions, household, personal, and use only one card for all your internet transactions. Label your cards until the usage becomes second nature to you.

Credit card buyer-protection programs are useful in a merchandise or service dispute. Keeping only one credit card number exposed to the web limits your exposure to fraud. I use three cards only: business, personal, and web.

At month end use your credit card statements, auto/transaction log and checkbook to track expenses for your ledger or computer program instead of chasing all the receipts.

Keep a compartment, or envelope in your briefcase where you can easily stuff any receipts or notes. Then, use it. Have a drop box in your office for the expensable receipts from your briefcase or pockets. At home make a place to put any receipts that refer to warranties or personal property records.

After April 15th, archive all tax-related files: separate the previous year from your active files into an available (but not daily use) archive box. Put in a back-up disk or CD of your accounting program for that year along with the data. Also, put your calendar and a carbon copy phone message book in the tax archive box ? it's all proof of business use.

Place prior records into garage or closet storage. Mark each box on the outside by tax year and put all related tax backup documentation into it. Include a copy of the tax return itself, as well as any 1099s, W-2s etc.

Keep a transaction log for auto mileage and miscellaneous transactions. You must have a log to deduct auto expenses, and when you maintain a transaction log the IRS does not require that you keep receipts for expenses under $75.00. This documentation goes into your 'tax box' which becomes your 'tax archive box'.

You can set up your Personal Digital Assistant (e.g., PalmPilot) to use an Expenses Notes section to easily maintain your daily business expenses.

Save yourself money and stress by using these tips to get a jumpstart on 2004 taxes. Tune-up your own file system, or if you don't have one, use the cost-effective FileSolutions TM file kits. Or you can go all the way with new electronic preparation and filing to make sure this year is better than last April 15!

Since 1988, Eve Abbott has developed productivity systems for executives, managers and business owners so their teams can work at least 25% more effectively through her programs and hands-on consultations.

Ms. Abbott is the author of the How to Do Space Age Work with a Stone Age Brain? (2004). She has degrees in Sociology and Psychology from the University of California and holds a Lifetime Adult Teaching Credential. The Organizer Extraordinaire appears in New York Times, Working Woman and Home Office Computing articles. Her clients range from S.C. Johnson & Son, Inc. to Hewlett Packard and Alameda County as well as countless professionals. More information is available at http://www.organize.com

In The News:

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India's corporate tax rate now equals Singapore's after latest cut  LivemintIndia's reduction in the corporate tax rate to among Asia's lowest was welcomed by investors as a boon that may help spur economic growth and company profits ...
Are steps on personal income tax coming?  Economic TimesNEW DELHI: The sharp cut in corporate tax rate has triggered demand and speculation about more measures particularly on the personal income tax side.
Bank stocks seen top beneficiaries of corporate tax cut  LivemintIndia's bank stocks will be the biggest beneficiaries of Prime Minster Narendra Modi's move to slash the corporate tax rate to among the lowest in Asia, according ...
Nifty, Sensex soar nearly 6% as government cuts taxes to prop up growth  India TodayIndian shares surged nearly 6% and were set for their best day in more than a decade after the government announced deep cuts in corporate taxes to revive ...
Handset makers expect lower taxes to give fillip to R&D, manufacturing  Economic TimesKOLKATA|NEW DELHI|MUMBAI: Consumer electronics and handset makers such as LG, Xiaomi, Dixon Technologies and OnePlus said Friday's tax cuts will ...
Corporate tax rate cut is chemotherapy for cancer that was being treated with Crocin: Niranjan Hiranandani |Full Coverage  India TodayWelcoming the government's move to slash corporate tax rates for domestic companies, business tycoon Niranjan Hiranandani compared it to chemotherapy for ...
Booster shot: Corporate tax is cut; now cut personal taxes  Times of IndiaThe headline corporate tax rate was cut yesterday through an ordinance by eight percentage points, to 22%. It's a bold step that seeks to unleash animal spirits ...
These 20 Nifty 50 companies pay more than 30% tax rate; time to buy?  Moneycontrol.comAny company paying 33% tax rate will see its earnings go up by 12%. Overall, Nifty earnings going up by ~5-6% in FY20.
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Direct tax collection picks up  BusinessLineBut it is still far short of the targeted 16% growth rate in mop-up for the full year.
Corporate India’s tax burden may come down by 18%  Economic TimesMUMBAI: The corporate tax rate has hovered between 25% and 29% since FY14 at the aggregate level for a sample of 167 companies from the BSE 200 index ...
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Many top firms actually pay less than 25% tax  Times of IndiaIndia Business News: An exemption-free tax rate of 22% — 25.17% including cess and surcharge — sounds attractive, but an analysis of the tax liability of firms ...
Bankrupt companies take indirect tax department to court over GST software not being in sync with IBC  Economic TimesMUMBAI: Several companies in administration have dragged the indirect tax department to court over the Goods and Services Tax (GST) software, which they ...
Finance ministry's move to lower corporate tax will help broaden tax base and reduce distortions in system  FirstpostYears before Finance Minister Nirmala Sitharaman's major announcement to slash corporate tax, the late Arun Jaitley — Union finance minister in 2016 — had ...
Rating agency S&P Global says India's corporate tax cuts credit negative  India TodayRating firm S&P Global said on Friday India's move to cut corporate tax rates was a "credit negative development" despite potentially boosting the economy as it ...
Corporate tax cut 'surgical strike' on negative sentiments in economy: Analysts  Moneycontrol.comThe reactions came as the government on Friday slashed the income tax rate for companies by almost 10 percentage points to 25.17 per cent and offered a ...
Corporate tax cut can translate into price discount of maximum 5 per cent, say industry veterans  Business TodayIndustry stalwarts welcomed the corporate tax cut announced by the finance minister on Friday but felt that it could have done much before. At the India Today ...
Still waiting for income tax refund? You might have made this mistake  LivemintSeveral taxpayers have complained that although their ITRs have been processed yet they are yet to get tax refund.From this year, the income tax department ...
E-assessment scheme for faceless scrutiny of income tax returns notified  Economic TimesThe finance ministry has notified the e-assessment scheme 2019 for conducting faceless scrutiny assessment of income tax returns (ITR). The scheme involves ...
Lower income tax rates likely in direct tax code regime, hints CBDT member  The Financial ExpressThe Centre's gross tax buoyancy more than halved to 0.7 in FY19 from 1.5 in FY17, proving the above-trend surge in tax mop-up post-demonetisation was ...
Advance tax mop-up posts dismal growth, rises by just 6% in H1FY20  Business StandardThe tax authorities are faced with a steep revenue collection target for 2019-20, with advance tax mop-up posting dismal growth in the first half of the financial ...
Opinion | FM’s move a boost for India’s tax competitiveness  LivemintIt's now over to India Inc to utilize the extra cash flow through this tax savings bonanza.
Will Retirement Taxes On Roth IRAs And IRAs Impact You?  ForbesIn this third article of my series on traditional IRAs and Roth IRAs, I provide comparisons to show the dynamics between these two retirement savings options in ...
GST Council to opt for just minor tax tweaks  LivemintGOA : India's federal tax council is likely to ignore the rising chorus for tax relief at its Friday meeting and make only minor tweaks instead as a revenue shortfall ...
View: Corporate tax cut - A step towards global competitiveness  Economic TimesIt will be prudent to temper euphoria with scepticism. People are unlikely to rush to car showrooms to buy their favourite vehicle just because Indian companies ...
Rob the poor, reward the rich: AIMIM chief Asaduddin Owaisi on corporate tax cuts  Moneycontrol.comAIMIM president Asaduddin Owaisi hit out at the Centre's move to slash corporate tax on September 20, wondering whether it was the working people or ...
President Kovind clears ordinance to amend Income Tax Act  LivemintNEW DELHI : The President Ram Nath Kovind on Friday cleared an ordinance to give effect to amendments in the Income Tax Act, 1961 and Finance Act, 2019.
Corporate tax cut can translate into maximum of 5 per cent product price reduction, say industry veterans  India TodayIndustry stalwarts at the India Today Conclave Mumbai 2019 welcomed the corporate tax cut but felt that it could have done much before.
Auto Industry Reacts To Finance Minister's Proposal To Reduce Corporate Tax  Car and BikeThe Finance Minister has announced reduction in the corporate tax rate to 22 per cent from 30 per cent, while new manufacturing companies or companies ...
A wealth tax could totally remake charity in the United States  Vox.comIn the past year, a massive, predominantly left-wing backlash to mega-philanthropy has broken out. Writers like Anand Giridharadas, Rob Reich, and Rutger ...
FM Nirmala Sitharaman cuts corporate taxes for domestic, new manufacturing companies  India TodayNirmala Sitharaman proposed to slash corporate tax for domestic companies and new local manufacturing companies through an ordinance.
Govt cuts corporate tax: How it will benefit Indian economy, markets  Economic TimesIt was early Diwali on Dalal Street after Finance Minister Nirmala Sitharaman on Friday unveiled a bonanza for Indian companies as she slashed tax rate for ...
The US Chamber of Commerce released a report slamming taxes on Wall Street like those proposed by Bernie Sanders and Kamala Harris  INSIDERThe US Chamber of Commerce's Center for Capital Markets Competitiveness released a new report detailing how financial transaction taxes would hurt US taxp ...
If you hit the $227 million Mega Millions jackpot, here's what you'll pay in taxes  CNBCWhile the odds are stacked against players scoring the jackpot — your chance is about 1 in 302 million — the IRS is always a guaranteed eventual winner.
After 40 years, UP ministers to start paying income tax  Economic TimesYogi Adityanath has asked ministers to start paying their own income tax, ending the four-decades-old practice.
Corporate tax cut: Uday Kotak, Kiran Mazumdar Shaw, Ajay Piramal, others welcome 'bold move'  Business TodayCorporate tax cut: Kiran Mazumdar Shaw said that the move will revive growth and investment, while Uday Kotak called it a bold and progressive step forward.
Income tax department issues warning against this fake SMS  LivemintThe income tax department has warned against a fake SMS doing the rounds.You should never click on such links sent in SMSes as it could be a phishing trap.
Corporate tax rate cut impact: Move will help draw attention of foreign investors, says IIFL's Jonathan Schiessl  Moneycontrol.comThe cut in corporate tax and removal of additional surcharge on capital gains made by FII and domestic investors bode well for the Indian market, said Jonathan ...
Realtors hope tax cut will boost demand for residential properties  Business StandardDemand for residential properties will get a boost after the cut in corporation taxes, said top property developers and consultants. "Capital investment, which had ...
Amid tax euphoria, fiscal slippage concerns  LivemintThe yield on the 10-year government bond closed 15 basis points higher on Friday, its biggest jump in nearly nine months, due to concerns over fiscal slippage, ...
Tax cut for new plants to lure MNCs looking beyond China  Economic TimesNEW DELHI: With a lower tax rate for new manufacturers, the government is looking to attract investment flowing out of China following its trade dispute with the ...
Finance Minister announces new tax refund scheme, easy credit to boost exports  Economic TimesFinance Minister Nirmala Sitharaman Saturday announced a slew of measures to boost the economy, including a new scheme to refund taxes and duties on ...
Global tax authorities discuss targeting multinationals with profit margins above 10%  The Japan TimesUnder their new rules, global taxation authorities have been discussing a proposal of targeting digital giants and other multinationals whose profit margins top ...
Indias corporate tax cuts credit negative, will widen fiscal deficit: S&P  Business StandardRating firm S&P Global said on Friday India's move to cut corporate tax rates was a "credit negative development" despite potentially boosting the broader ...
Uttar Pradesh not only state where state exchequer pays income tax for CM, ministers  MoneycontrolThe state exchequer has been bearing the tax burden of the chief minister and council of ministers of Uttar Pradesh since the last 40 years, under the Uttar ...
View: Sitharaman's corporate tax cut move is a sixer for sentiment, but a four for the economy  Economic TimesWith the loan melas and the corporate tax cut, the government has addressed the short-term sentiment problem. The stock markets have responded with joy and ...
Revival in auto sector may be round the corner with the corporate tax cuts  LivemintVehicle prices may come down significantly following cut in corporate tax.Auto firms looking to make in India will have to pay an even lower tax rate of 15%, ...
Corporate tax cut to have 'minor' impact on fiscal deficit: Niti Aayog  Livemint'I don't think tax cuts will leave a gaping hole in the fiscal numbers. There will be some, which will be minor'.The budget had estimated fiscal deficit at 3.3% of ...
FM’s tax cuts a calculated risk  Deccan HeraldFinance Minister Nirmala Sitharaman's decision announced on Friday to give away tax revenues worth Rs 1.45 lakh crore in the form of reduction in corporate ...
Exclusive | Deepak Parekh on corporate tax cut: 'It is a great boon'  Moneycontrol.comIn an interaction with Moneycontrol, Deepak Parekh, Chairman, HDFC, spoke about how the corporate tax rate cut could revive investments and market ...
Corporate tax rate cut a long-term positive, will have chain effect: Rajat Rajgarhia, Motilal Oswal  Moneycontrol.comThe government's move of slashing corporate tax rate will have a chain effect and bodes well for the market in the long term, Rajat Rajgarhia, Managing Director ...
Corporate leaders hail cut in tax rate; say will boost economy, manufacturing  Times of IndiaIndia Business News: NEW DELHI: Industry leaders on Friday hailed the government's move to slash corporate tax rate for companies.
OPINION | Reduction in Corporate Tax Rates: Undoing the Mistakes  News18Finance minister Nirmala Sitharaman has announced major relief to corporate sector and addressed the long-time demand of reducing the tax rates.
Companies will have the leeway to cut prices: Maruti’s Bhargava on tax relief  Livemint'Companies will now have the leeway to become more competitive in the market place'.'They can (if they want to) reduce prices or use any other measure to the ...
India Inc says tax giveaways will revive their animal spirit  Economic TimesMUMBAI: Hailing the massive tax giveaways to corporates to the tune of Rs 1.45 lakh crore, industry captains said the decision will not only boost the economy ...
Corporate tax cut signals govt's shift towards radical reform; move ranks topmost among steps taken to...  FirstpostNirmala Sitharaman's bold move on corporate tax cut signals shift from baby steps to radical reform, precisely what the economy needed.
Income tax department relaxes time for applying for compounding of offences  LivemintNEW DELHI : The income tax department has relaxed time for applying for compounding of income tax offences by launching of a one-time facility. The Central ...
Exemption from share buyback tax major relief to IT bigwigs  Economic TimesThe government, as part of the Budget, had announced a 20 per cent tax on share buyback by listed companies.
Burden of corporate tax cut will fall on common man: Congress  India TodayCongress Party has said that the burden of corporate tax cut announced by Modi Government on Friday will fall on the common man. Party spokesperson ...
Effective tax outgo falls by 28% for biggies, by 13% for smaller firms  Economic TimesNEW DELHI: Bigger companies are set to benefit more from the corporate tax cuts as the effective tax for them will come down by up to 28 per cent. Smaller ...
New Income-tax law – third time lucky?  Moneycontrol.comHimanshu Parekh. The current Income-tax Act, enacted in 1961, is nearly six decades old. With time, there have been a plethora of amendments making it a ...
Good news for banks, earnings to rise up to 12 per cent after tax cut  The Financial ExpressRajiv Mehta, lead analyst-institutional equities, Yes Securities, said that the direct benefit of the massive tax cut would be to the extent of around 15% on ...
Why bond mart turned bearish after corporate tax cut  Economic TimesMUMBAI: India's benchmark bond yield surged 24 basis points, pulling prices down, after finance minister Nirmala Sitharaman announced cuts in corporate ...
Tax cuts: SBI pegs India Inc's saving at Rs 50K cr; prices falling 2-5%  MoneycontrolThe government unexpected move to massively slash corporate taxes by over 10 percentage points will result in savings of over Rs 50,000 crore to India Inc, ...
New corporate tax rates give companies flexibility to choose between tax structures: Seshagiri Rao, JSW Steel  Moneycontrol.comDepending on its capex cycle, a company can choose between existing tax rates with payment of MAT or, the reduced corporate tax.
Compliance key focus in new Direct Tax Code report: Ranjan  LivemintNEW DELHI : Compliance is one of the key focus areas in the new Direct Tax Code (DTC) report that was submitted to the finance minister last month, Akhilesh ...
Mobile phone industry welcomes tax cut, says policy boost could production to $190 billion target by 2025  MoneycontrolThe mobile phone industry has reason to cheer as the Finance Ministry's tax cut and policy initiative is set to help boost production to $190 billion by 2025, ...
Exclusive: Bold move, will help economy, RBI Governor Shaktikanta Das reacts on corporate tax rate cuts  India TodayReserve Bank of India Governor Shaktikanta Das praised the government for its "bold" move to slash corporate tax rates in a bid to boost the ailing Indian ...
Opinion | You may not get tax refund if you haven’t validated your bank account  LivemintHave you received your refund for the income tax return that you filed last year? If you have still not received it, that's probably on account of the fact that there is ...
Reduced corporate tax rates likely to bode well for consumer goods firms  LivemintThe government slashed the basic corporate tax rate to 22% from 30% benefitting companies, while for new manufacturing companies it has been cut down to ...
FMs tax cuts: Reduction in MAT to benefit IT companies in Gift City  Business StandardCompanies providing IT-enabled services in Gift city will benefit following today's announcement on the reduction in Minimum Alternative Tax. Union Finance ...
‘Tax cuts may not boost investment’  The HinduWhile corporate India is cheering the cut in tax rates, announced by the government, economists are saying mere reduction in levies will not result in increased ...
India GST panel likely to recommend tax cuts on 20-25 products - sources  Economic TimesThe panel, comprising state finance ministers and the federal finance minister as the chair, will shortly meet to decide on reducing tax rates to boost growth.
In Pics | Here's what RBI Governor, business leaders said about FM Nirmala Sitharaman's corporate tax cut  Moneycontrol.comFrom RBI Governor Shaktikanta Das to HDFC Chairman Deepak Parekh, here's who India Inc reacted to Finance Minister Nirmala Sitharaman's announcement ...
Rahul links tax cuts to Narendra Modi’s U.S. visit  The HinduWhat is needed is a large dose of public investment to create employment and increase people's purchasing power, says CPI(M)
₹1.45 lakh crore corporate tax cuts finalised by govt in 36 hours  Hindustan TimesThirty-six hours. That was all the time the government machinery had to work out the nitty-gritty and implement the ₹1.45 lakh crore of corporate tax rate cuts that ...
Taxing wealth at lower rate than income is wrong, says thinktank  The GuardianThe government could gain £90bn in extra revenue over five years if it taxed income from wealth in the same way it taxes income from work, according to a ...
Too many taxes, anti-rich mindset need to go for economy to be back on its feet  Times of IndiaThe economy is in bad shape. There is no more debate about it. With a second innings of a super-stable government, we should be looking at a double-digit ...
Portugal Could Be a Tax Haven — Not Only for Crypto Traders  CointelegraphThe Portugal Tax Authority (PTA) announced last month that cryptocurrency trading and payments in crypto would not be subject to value-added tax (VAT).
Young People Are Starving for Classes on Finance, Tips on Taxes  BloombergGen Z is veering into the world of student loans, first apartments and financial burdens -- and they're hungry for help in figuring it all out. Three out of four recent ...
Firms may save $1 billion from buyback tax exemption  Economic TimesMore than 70 companies had announced or completed buybacks totaling $5.2 billion before July 5.
Is interest paid on foreign home loan tax-deductible in India?  Moneycontrol.comInterest on housing loan paid outside India can be claimed as a deduction in calculating income from house property, only if some important conditions are met.
Google will pay over $1 billion after French investigation over dodged taxes  The VergeGoogle has agreed to pay a $550 million fine to settle an investigation in France over its tax practices, Reuters reports.
New income tax rule on insurance maturity proceeds: 5 things to know  LivemintThe new income tax rule on receipt of maturity benefits from insurance policy came into effect from 1st September.A higher TDS will be levied if the insurance ...
Income tax benefits on costs of education under Section 80E to Section 80  LivemintThe Income Tax Act allows tax benefits for a loan taker for higher education when certain conditions are met.Tax benefits have been laid down under Section ...
Taxes are the least of Elizabeth Warren's 'Medicare for All' problems  CNBCDemocratic presidential candidate Elizabeth Warren has been given more than one opportunity over the past two weeks to clarify her response to a key question ...
Sensex sheds 3.5% in 4 days on concerns over slowdown, lower tax mop-up  LivemintMumbai: Indian equities fell over 1% on Thursday as investors remained concerned over slowing consumer demand and lower-than-targeted tax collection.
Nirmala Sitharaman press conference highlights: Corporate tax relief to help stabilise economy, says Tech Mahindra's Gurnani  Moneycontrol.comAddressing her fourth press conference to revive the economy, the FM announced a cut in the corporate tax rate for domestic companies and new domestic ...
'Corporate tax cut will boost earnings by 15-20%; HDFC Bank, ONGC, M&M among 20 cos to benefit the most'  Moneycontrol.comWe expect a 10 percent jump in the Nifty50 and other broader indices based on changes in earnings estimates, and the up move in select high tax-paying ...
Tax task force recommends new tax slabs for individuals  Economic TimesNEW DELHI: A government constituted Direct Tax Code task force, headed by CBDT member Akilesh Ranjan, is arguing for a new tax regime for individuals.
Corporate tax rate cut to spur demand for warehousing, commercial real estate  Moneycontrol.comWith the government slashing corporate tax rate to 25.17 per cent, real estate experts said that the move is expected to have a positive impact on the sector and ...
Federal judge halts California law forcing Trump to release tax returns to qualify for ballot  CNNA federal judge has ordered a temporary injunction against the California law requiring presidential candidates to release their tax returns to secure a spot on ...
Tax cut seen making domestic firms more competitive globally  LivemintMove to tax new manufacturing firms set up after 1 Oct at 15% is expected to strengthen the MSME sector.The move is likely to help the Centre achieve the target ...
Is it time to switch income tax with a sales tax?  The GuardianIs it time for the US to consider switching from income tax to a progressive consumption tax as a way of addressing growing wealth inequality? Many economists ...
7 changes in income tax laws that come into effect from Sept 1  Economic TimesHere is the list of the seven main changes in tax laws that will come into effect from September 1.

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