With effective from 1st July, 2017 it is mandatory to link Aadhaar number with PAN. As per the Finance Bill 2017, all PAN applications will require the Aadhar card number to be mentioned and all PAN card-holders must ensure that their PAN cards are linked to Aadhaar Continue Reading.....
Income Tax Return of Deceased person | How to file ITR for the deceased as a Legal Heir?
In this world nothing can be said to be certain, except death and taxes. Even after death of a person, taxes (if any) are certain. The income earned by a person who has expired can still be subject to taxes.So, who is liable to file income tax return of a deceased Continue Reading.....
New ITR Forms AY 2017-18 (FY 2016-17) : Which ITR Form should you file?
Central Board of Direct Taxes has notified the new ITR Forms AY 2017-18 (for FY 2016-17). In order to make Income Tax Return filing easy, quite a few changes in ITR Forms have been implemented.The new ITR forms in PDF format have been made available, while the excel Continue Reading.....
Income Tax Exemptions FY 2017-18 : List of important IT Deductions for AY 2018-19
Budget 2017-18 & the Finance Bill 2017 have been tabled in Parliament. The income tax rate for those earning between Rs 2.5 lakh and Rs 5 lakh has been halved to 5%. Except this change, all other Income Tax Slab rates have been kept unchanged by the Finance Minister Continue Reading.....
Budget 2017 : 15 Key Direct Tax proposals that You need to be aware of!
Indian Finance Minister, Shri Arun Jaitley has tabled the Union General Budget 2017-18 in the Parliament on 1st Feb, 2017. This year, both, the General Budget and the Railway Budget have been combined and presented as a single budget.I have tried to list down some Continue Reading.....
Income Tax Slab Rates for FY 2017-18 / AY 2018-19 (Budget 2017-18)
Indian Finance Minister, Shri Arun Jaitley has tabled today, the Union General Budget 2017-18 in the Parliament. Below are the latest Income Tax Slab Rates for FY 2017-18 or AY 2018 -19. (FY is Financial Year and AY is Assessment Year) Latest Income Tax Slab Rates for Continue Reading.....
How to set-off Capital Losses on Mutual Funds, Stocks, Property, Gold, Bonds & Debentures?
Investments are subject to risks. All investments carry some degree of risk. Stocks, bonds, mutual funds, real-estate properties, gold, precious metals etc., can lose value, sometimes even all their value.However, most of us equate RISK with ‘losses’ directly. We Continue Reading.....
How to declare Undisclosed Income (Black Money) under PMGKY online? | New Income Declaration Scheme
After a reasonable success of its first Income Declaration Scheme (IDS), the central government has again come up new IDS called as Pradhan Mantri Garib Kalyan Yojana. This is the second income disclosure scheme brought in by the government this year, and the first Continue Reading.....
Tax Saving investment options u/s 80c : In whose name can they be invested?
This is that time of the financial year when most of the individuals (considering the salaried individuals have to submit their income tax investment proofs) look for Tax Saving investment options. Generally, most of the employers accept investment proofs from their Continue Reading.....
TDS deducted by Employer but not Deposited? How to check TDS details online?
If you are a salaried person, I am sure you might have heard about Form 16. This document is issued by the employers every year. It is your ‘Salary or Income Certificate ‘and has the details of the TDS deducted (Tax Deducted at Source) by your employer.If your Continue Reading.....
