Tax, Investments and Retirement

1. Non submission of Income Tax Return if TDS is deducted Many taxpayers assume that if taxes have been deducted in the form of TDS, then they are not supposed to file an income tax return bec...

Covid-19 has affected almost all citizens and residents of India. People are jobless and businesses are either shut down or in a loss. People are unable pay their EMI's. Loan moratorium relief was ...

As per news item in Financial Express of 10 September 2020 the refund of income tax from 01/04/2020 to 08/09/2020 is given below: • Total Refunds: Rs.1.01 Lakh Crore to 27.54 lakh taxpaye...

Step 1 Go to the Income Tax e-Filing portal, www.incometaxindiaefiling.gov.in Step 2 Login to e-Filing portal by ent...

Since March 2020 every one has suffered due to lock down after lock down due to Covid-19. This is a request to PM to exempt 130 crore Indians from personal income tax for the Financial Year 20...

Prime Minister announced a ‘Citizen’s Charter’ that the income tax department would be committed to consider the Assesses as honest unless there is reason to believe otherwise. P...

As part of the proposed expansion of reportable transactions under SFT, the following transactions would be under scanner: 1. Payment of educational fee/ donations above Rs1lakh per annum

Attached please find a complete list of deductions available for Assessment Year 2020-21.

Additional transactions to be included under the reporting standards of income tax include: Payment of rent above Rs 40,000. Payment of educational fee/donations above Rs 1 lakh per...

Senior people at loss as Bank FDs intrest less. Now any type of Mutual Funds ,Liquid Funds prone to Stamp Duty. Gains for LTCG. Dividends TDS! SCSS etc Long duration with reduced yields! Is Saving...