Sukanya Samriddhi Deposit Scheme, a small savings scheme for girl child has been recently introduced by the Government of India. Sukanya Samriddhi Yojana has emerged as the hottest selling personal investment product in Mumbai City in the last few weeks, according to the Postal Department. As per the Postal Department’s (Mumbai region) report, it is […]
Archives for April 2015
EPFO Short Code SMS Service : Now check your EPF A/c Balance through SMS
Shri Bandaru Dattatreya, the Minister of State for Labour and Employment (Independent Charge) has recently launched EPFO’s Short Code SMS service for the members of EPFO. During the year 2014, EPFO had launched the UAN programme wherein a Universal Account Number was allotted to all the members and different services such as passbook, monthly SMS […]
Why you should not invest in Fixed Deposits & Recurring Deposits for long-term
As per Reserve Bank of India’s ‘Handbook of Statistics on the Indian Economy-2014’ , the total investments made in bank deposits (including fixed deposits) by the Indian households were to the tune of Rs 6,722 billion. Around 57% of household savings are invested in bank deposits. So, Fixed Deposits and Recurring Deposits are the most […]
Filing of physical ITR V form is now exempted for Aadhar Card holders
Online filing of Income Tax Return is paperless only if the person has a digital signature. Taxpayers who did not have a digital signature had to post a physical copy of the ITR V form to the Central Processing Centre (CPC) in Bengaluru, within 120 days of filing tax returns online. Some tax-payers assume that […]
FY 2014-15 Income Tax Returns Filing : Tax Slabs & New ITR Forms
The Central Board of Direct Taxes (CBDT) has notified the Income Tax Returns (ITR) for Financial year 2014-15 (Assessment Year 2015-16). The new ITR forms have been released by CBDT for FY 2014-15 Income Tax Returns Filing. What is Assessment Year & Financial Year? Financial year (FY) is the year in which you have earned […]
8 ways you could lose your Income Tax Benefits
For most of us (especially salaried tax-payers) ‘saving some taxes’ is the primary motto to invest in a financial product. I am sure you must be aware of most of the Tax Savings investment options that are available in the financial markets. Most of us, however, may not know on what conditions / circumstances that […]
