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The ABC of Taxation in Mutual Funds

Researching tax benefits on your mutual funds returns is often a head-scratching and thankless exercise. It’s a boring and highly effortful task, nobody enjoys doing. But at the same time, there are... Read more »

Here’s Everything You Need to Know About Saving Tax and Achieving Goals

In India, most of us perceive tax saving investments only as a way to avail tax deductions on the contributions made, while neglecting their other benefits. Hence, a large number of salaried... Read more »

CBDT further extends date for filing Income Tax Returns and Audit Reports

The due date for filing of Income Tax Returns and Audit Reports for Assessment Year 2018-19 is 30th September, 2018 for certain categories of taxpayers. Central Board of Direct Taxes(CBDT) had earlier... Read more »

7 Ways to Verify Your Income Tax Return (ITR)

Did you file your Income Tax Return (ITR) on time and think that your job is done? Well, it is not over yet. The government of India has made ITR verification mandatory.... Read more »

Direct and Indirect Tax – Differences & Similarities

With so many taxes going around, it becomes a daunting task for a new taxpayer or a start-up to worry about them all. Knowing them individually and how they apply to you... Read more »

Due Date for filing of Income Tax Returns for Taxpayers in Kerala Extended to 15th September 2018

Extension of date for filing of Income Tax Returns for taxpayers in Kerala The Central Board of Direct Taxes(CBDT) had earlier extended the ‘due date’ for filing of Income Tax Returns from 31st... Read more »

Tax Exemption On Bank Interest – Read For More Information

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 »

EPF VS PPF VS VPF: Applicability, Returns, Duration, Tax Benefits Etc.

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 »

Prosecution Of Tax Defaulters Amounting To 75 During Previous Financial Year

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 »

Banks Asked To Pay ‘Free Services’ Tax, ATM Transaction Charges Expected

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 »

Don’t Have Form 16? File Your Tax This Way

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 »

Read This To Optimise Your CTC And Save Tax

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 »