Menu

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 »

Do You Donate Money? Then Here’s How You Can Avail Tax Deductions

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 »

Have Medical Issues? Then You Can Claim Tax Deductions

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 »