Tax, Investments and Retirement

At present, a deduction upto Rs 10,000/- is allowed under section 80TTA to an assessee in respect of interest income from savings account. It is proposed to insert a new section 80TTB so as to allo...

I want to know if i am supposed to pay tax if i am having a second house, the house is not given on rent. How much income i should show on this when i am not getting any income from the house.

1. Provide break-up of salary: Assessee with income from salary, one house property and other sources (like interest) use the most basic one-page ITR-1 or Sahaj form. The form now seeks additi...

A new section Sec 234F is inserted to levy penalty for late filing of ITR. Sec 234F is effective from Assessment Year 2018-19 ( Financial Year 2017-18). If ITR for AY 2018-19 is filed after d...

Bajaj Capital actively promoted the Fixed Deposit mobilisation of Plethico Pharma. My FDR no 6762 for Rs 200000/- matured on 16th.June 2013 but as brokers, Bajaj Capital has done precious little to...

More #Karvyfraud : Karvy has been cheating its customers by peddling worthless investments since 2015. Nearly seventy odd investors have been fooled so far. Will the news channels highlight th...

R/s My self and my son jointly purchased a Flatt .for which my son has applied for a home loan to SBI . His loan gets sanctioned. But my problem is that SBI has taken a cheque of amount ...

It is surprising that government is hesitant to collect Income Tax on agricultural income. In this connection it is important to note the following points:- 1. The tax on income from Agricultu...

The government has allowed the bank to fleece their customers as per their wish. The wealthier you are, the more discounts you get though the government says the banks are for the poor and common m...

I am a Resident Indian and currently in US for about 4 months. I have a plan to file my online tax return from US. I tried to view my form 26AS but the website doesn't allow me to do so. It wants m...