The interest people receive on their savings bank account is considered as their income. Moreover, it is taxable. Then also, people get tax exemption on bank interest. It is offered by Section... Read more »
Nowadays planning regarding retirement is a sought-after topic among people of various age groups. There are a lot of investment options also available, which makes it cumbersome for people to rope into... Read more »
The interest people receive on their savings bank account is considered as their income. Moreover, it is taxable. Then also, people get tax exemption on bank interest. It is offered by Section... Read more »
Now finally it seems that the government won’t be taking the prosecution of tax defaulters lightly. The income tax department has ushered in prosecution in almost 7,700 cases during 2017-18. This is... Read more »
India’s banking industry is currently in a state of dilemma. Banks such as State Bank of India, ICICI Bank, Axis Bank etc. have been asked to pay the ‘free services’ tax provided... Read more »
Tax filing time for Assessment Year 2016-2017 is here. July 31 is the last date to file your taxes. In essence, the scramble has begun among the working folk to get their... Read more »
You pay the biggest amount of money on Income Tax, as compared to other taxes. After all, the other times when you are paying taxes is when you are buying goods and services. On... Read more »
Certain organisations work for welfare of masses. A few of them also start other activities to generate an income to survive on. However, most of these organisations solely rely on the donations... Read more »
Tax deduction is a topic which covers a number of issues. Some of these issues are related to a person’s medical conditions. For example, if you or one of your family members... Read more »
Filing income tax returns is not as easy as it seems. Not only do you have to consider the amount of tax you have to pay but check where you can save... Read more »
Tax is something you cannot avoid. From being levied on everything you buy to your earnings, taxes are everywhere. However, that does not mean you have to just give up. While you... Read more »
The Income Tax department has announced the last date for filing income tax for assessment year 2017-18. It is July 31, 2017 and it is sure to make everyone scramble for their... Read more »
Filing income tax is an annual affair. It is a necessary process and hence, getting it right is quite important. Among the areas of error when filing ITR is its e-verification. Earlier,... Read more »
Income Tax filing every year is a new experience for a lot of working folks. From disclosing income sources to paying advance tax, there are a lot of things that one can talk... Read more »
Goods and Services Tax is a land mark taxation reform. Till now, the taxing of products and services takes place at various touchpoints. Upon the enactment of GST, it will all be... Read more »