What is TDS? Here’s All You Need To Know About It

TDS or Tax Deductible at Source is a big confusion point for a lot of taxpayers. What is TDS, how is it calculated and how is it deducted are some questions users have in... 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 »

Form 26AS – Here’s All You Need To Know About IT

The deadline to file your income tax for assessment year 2016-2017 nears. At such a time, knowing the amount of tax you need to pay can be helpful. It will help you... 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 »

Rs 500, Rs 1000 Notes Banned: All You Need To Know

In a move to curb black money, corruption and spread of counterfeit currency notes, Prime Minister Narendra Modi has announced demonetization of Rs 500, Rs 1000 notes. While Rs 500 and Rs 1000 rupee notes... Read more »
Best Investment Options

Investment Appraisal Guide: Methods & Techniques

Investment is a long-term commitment of precious funds and consequently it is extremely important to evaluate each investment carefully. Investment appraisal may be defined as the evaluation of an investment with a... Read more »

One Rank One Pension Scheme For Ex-Servicemen: All You Need To Know

One Rank One Pension (OROP). Does this phrase seem known to you? OROP is a very common phrase which must have heard lately on news channels. This demand of One Rank One Pension is... Read more »

Investment Proofs For Claiming Income Tax Deductions FY 2012-13

Are you done with your investments to avail tax deductions this financial year? If yes, then you must know that submitting the proofs of your investments to your employer as evidence of... Read more »

Income Tax Deductions Allowed u/s 80C To 80QQB Every Individual Tax Payer Should Know

Financial year is approaching to its end and now tax payers have started planning to save there taxes. So here I have listed all the useful income tax deductions that an individual... Read more »

Income Tax (IT) Implications On Gift Received In India

Gift is something we all like to get from our loved once but are we aware about the tax implications on the same. Under Income Tax Act 1961, there are many rules... Read more »

Penalty On Default/Late Payment Of Income Tax Or Advance Tax In India

As we all know payment of income tax comes with a deadline every year which make us pay a part of our annual income in the form of tax to income tax... Read more »

Step By Step Guide To File/ Pay Advance Tax Return Online In India

Advance Tax is the part of total tax that a tax payer pays out of his/ her annual tax liability before the end of the financial year i.e March 31. According to... Read more »

How To Set Up Hindu Undivided Family (HUF) And What Are Its Tax Benefits?

Many of you hear lot of about HUF or Hindu Undivided Family and some of you might ask question How Can One Start or Set Up An HUF? Before we discuss how... Read more »

Tax Exemptions And Deductions For Salary Income or Individuals

As an individual, we always prefer to save our taxes. The tax paid by a salaried person is deducted by the company as TDS. Though you should know about the following details... Read more »

Income Tax Benefits On Second Home Loan In India

Investing in real estate is an good idea as it will provide best returns to you, Now if you already own a home and paying loan on it and planning to buy... Read more »