Incometaxreturnindia.com

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  • Missed the deadline of 31st July, Don’t worry, you can file tax returns till 31st March

    Every Individual whose income exceeds maximum taxable limit is required to file Income tax Return on or before the due date. Due date for Individuals getting salary and who are running their own business or profession or working as free lancer are required to file tax return on or before 31st July, every year. In […]

  • No Need to file income Tax Return

    Individual whose total income for the relevant assessment year does not exceed five lakh rupees and consists of only income chargeable to income-tax under the following head is exempt from filing Income tax return. Conditions prescribed are: 1. Total income for the relevant assessment year does not exceed five lakh rupees. 2. Individual is earning […]

  • Income Tax Tips for Freelancers

    Five Tax Planning Tips for Freelancers: 1. Get Organized Now: The most important thing you can do when it comes to your taxes is stay ahead of the game. Ideally, you’ve been using some sort of system for keeping track of invoices and expenses. If not, it’s time to start compiling all of those loose documents. […]

  • FAQ on Cash deposit in Banks after Demonetisation

      After Demonitisation, we have been getting lot of queries on cash deposits in banks. We collated queries on cash deposit in your bank accounts. Please note that there is no challenge if deposit is upto Rs 2.5 lakhs. Query: I was getting salary income till last year, From this year, i have been earning tuition income. […]

  • Demonetisation and conversion of Black to White money and penalty

    After Demonetisation on 8th november, also called surgical strike on black money many people have lost their sleep. People are looking at ways to convert their black money to white. They are all searching ways to minimise penalty and also avoid income tax. Impact of Demonetisation on 122 crore Indians Out of total 125 crore Indians, 122 […]

  • How to do Electronic Verification of ITRV

    Good news! Income Tax payers are no longer required to sign ITR-V and send ITR V To Banglore CPC. ITR-V can not now be verified online using Aadhar card and / or net banking. This is a much awaited initiative from Income tax department which is welcomed by all income tax payers. We are sharing […]

  • Difference b/w TIN or TAN

    Tax Deduction And Collection Account Number (TAN) TAN stands for Tax Deduction and Collection Account Number. It  is a unique 10 digit alpha numeric number allotted by the Income Tax Department (ITD) of India. Compulsorily required to all the persons who are accountable for tax deducted at source (TDS) or tax collect at source (TCS) on […]

  • Only Air-Conditioned or Air-Heated Restaurants to Pay Service Tax

    Clarification Issued in the Matter of Service Tax; Only Air-Conditioned or Air-Heated Restaurants to Pay Service Tax; Restaurants, Eating-Joints or Messes Which Do Not Have the Facility of Air-Conditioning Or Central Air-Heating in Any Part of the Establishment are Exempt from Service Tax. At present, Service Tax is chargeable on services provided by restaurants, eating-joints […]

  • How to claim PMJJBY & PMSBY

    How to claim PMJJBY & PMSBY – Download Claim Forms Online Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) are 2 super hit insurance schemes launched by Govt of India recently. Both the schemes are getting massive promotion to bring more people under insurance coverage, similar to Sukanya Samriddhi […]

  • Pradhan Mantri JEEVAN JYOTI BIMA YOJANA (PMJJBY) VS Pradhan Mantri SURAKSHA BIMA YOJANA (PMSBY)

    Difference between Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY): Many of our blog readers are getting confused in between the latest launched Government Social Security Schemes Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). Since both of the schemes offer same insurance coverage […]

  • Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojna

    IDBI Bank commences enrolment under Pradhan Mantri Jeevan Jyoti Bima Yojna (PMJJBY), Pradhan Mantri Suraksha Bima Yojna (PMSBY) and Atal Pension Yojana (APY) starting May 1, 2015. Pradhan Mantri Suraksha Bima Yojana: Highlights of the Pradhan Mantri Suraksha Bima Yojana (Pmsby – Scheme 1 – for Accidental Death Insurance) are Eligibility: Available to people in […]

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