Learn how tax loss harvesting works in India. Offset STCG (20%) and LTCG (12.5%) with losses, carry forward up to 8 years, and save lakhs legally before 31st March. Step-by-step guide with examples Continue reading
Sukanya Samriddhi Yojana (SSY): The Ultimate Guide to Securing Your Daughter’s Future Looking for a secure and tax-saving investment option for your daughter? The Sukanya Samriddhi Yojana (SSY) is a government-backed savings scheme that offers attractive interest rates, tax benefits, and a reliable financial foundation for your girl child’s future. … Continue reading
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 … Continue reading
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 … Continue reading
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 … Continue reading
What is UAN number? UAN is Universal Account Number. The UAN is a 12-digit number allotted to employee who is contributing to EPF. Universal number is a big step towards shifting the EPF services to online platform and making it more user-friendly. Please note that The universal account number remains same … Continue reading
Income tax forms for Assessment year 2015-2016 is released by income tax department. For Assessment year 2015-2016, every person (not being a co.) to e-file (Electronic Income tax Return) the income tax return if its total income exceeds Rs. 5,00,000. While filing the return care should be taken to ensure that you select correct … Continue reading
NPS is the best retirement option: One of the cheapest pension products: – NPS charges just 0.25% as fund management fee making it one of the cheapest pension products in the world. Mutual funds can charge up to 2.25% and life insurers can charge up to 1.35%. Choice of fund … Continue reading
Why need to file tax returns before 31st march 2015? If you are yet to file income-tax return for the previous financial year 2013-2014 (assessment year 2014-15), you still have a chance to do so by March 31. The return for income earned in the financial year ending on 31 … Continue reading
February 28, 2015 Madam Speaker, I rise to present the Budget of the Union for the year 2015-16. 2. I present this Budget in an economic environment which is far more positive than in the recent past. When other economies are facing serious challenges, India is … Continue reading