Through this blog we shall be discussing some of the important documents required for E-filing Income tax return or ITR. Another Financial year is over and yet another due date is nearing by i.e. 31st July, the due date for filing your Income Tax returns or ITR. Following persons are supposed to file their Income tax … Read more
In the basket of Indian taxes, here comes a new addition which is commonly known as the “Google Tax” or “Equalisation Levy”. This is an initiative taken by the Government of India to tax the digital economy i.e. to collect taxes from the internet/technology giants who earn money from Indian businesses for specific digital services. … Read more
As an NRI are you thinking to explore some good investment options? If yes, you are at the right place. Here, you shall get to know details on the Best Investments for NRIs looking to invest in India. You shall also get familiar with popular investment alternatives to support you in your long term financial … Read more
Advance tax is payable by all the assesses where the Tax payable during the financial year is Rs.10000 or more. For all the assesses, the Advance tax Instalments and Due dates to deposit the same are as follows :- [table id=14 /] So,check for the advance tax date as applicable and don’t forget to deposit … Read more
Due Dates for Income Tax return or ITR filing for various assesses are as follows :- [table id=12 /] *Relevant assessment year refers to the immediately succeeding financial year. Example : If we are filing the Income tax return for F.Y.2015-16 (on the income earned during FY 2015-16),the relevant assessment year shall be 2016-17. These … Read more
TDS Returns or quarterly return statements are required to be furnished by the assesses who have deducted tax at source or TDS. As a Tax deductor, you need to file your TDS returns before the respective due dates in order to avoid any penalty later on. Following are the different TDS forms : [table id=25 … Read more
TDS or Tax deducted at source has to be deposited on timely basis by the assesses.It is the duty of the deductor to deposit the TDS before the due dates.The deductor should have a valid TAN. It is mandatory to deposit TDS online for : All Corporate assesses and Other assesses liable to tax audit … Read more
Checkout Income tax calculator (in Excel) and easily calculate your taxes and pay them on time. Being a common man,calculating your own taxes seems to be a tedious task.Nothing to worry,we are here to help you and simplify things for you . So,next time you think about How to calculate Income tax check our Tax calculator to … Read more
Ans.The rebate U/s 87 A shall be Rs.5000 for the financial year 2016-17. To get further information about the section refer Relief U/s 87 A.
Ans. In case of home loans, fixed rate of interest is one where the interest rate remains constant during the loan period.While in case of floating interest rate, the interest changes with the change in the market conditions. Here,are some differences that might help you in deciding which is a better option while taking home … Read more