Demonetisation Tax Penalty- Pradhan Mantri Garib Kalyan Yojana, 2016’ (PMGKY)
After the withdrawal of currencies of Rs.500 and Rs.1,000 Government of India proposed the changes in penalty clauses calling it […]
Tax Planning
This all about Income Tax
Deposit of old Rs.1,000 and Rs.500 notes -Which transactions reported to IT Dept?
There is a huge confusion and concern among many about tax and penalty on deposit of old Rs.1,000 and Rs.500
TDS on Salary – Quarterly SMS alert Service for salaried about TDS
Income Tax Department launched the facility of sending Quarterly SMS alert Service for salaried about TDS. This will give an
NPS Tax Benefits – Sec.80CCD(1), 80CCD(2) and 80CCD(1B)
There is so much confusion about NPS Tax Benefits after the 2016 Budget. Hence, in this post let us discuss
NPS Returns for 2016 – Who is best NPS Fund Manager?
Many of us are now investing in NPS. But are we aware NPS returns for the year 2016? Who is
PPF, Sukanya Samriddhi, NSC, KVP Interest Rates Oct-Dec 2016
Post Office SCSS, MIS, Term Deposits, PPF, Sukanya Samriddhi, NSC, KVP Interest Rates Oct-Dec 2016 were declared. This interest will
High Value Non-PAN Transaction – How to own or response online?
Quoting PAN number for few financial transactions is mandatory. However, if you don’t quote your PAN number, then such high
How to pay TDS on sale of property online?
If you are buying a property whose value is more than Rs.50 lakh, then the buyer has to deduct TDS on
Income Tax on Gift in India – Rules and tips to save tax
What are the rules of Income Tax on Gift in India and how we can use exemptions and save tax
NPS Tier 2 – Alternative to Savings Account, FDs or Debt Mutual Funds?
Whether we can use NPS Tier 2 account as an alternative to savings account, FDs or debt mutual funds? This
Tax benefits for senior citizens and super senior citizens
There are certain tax benefits for senior citizens and super senior citizens. In this post, let us try to understand
Central KYC Registry or CKYCR – How to fill it? [Video]
Central KYC Registry or CKYCR will now replace the existing multiple KYC submission process while opening savings bank accounts, buying
Flat, land and Property Stamps and Registration charges in Bangalore and India
Do you know the cost of Flat, land and Property Stamps and Registration charges when you buy a property? Many forget
Deduction under Section 80C – A complete list
Section 80C is one of the great tax saving tools for all of us. In my last post, I explained
Cost of Inflation Index for FY 2016-17
On 2nd June, 2016, CBDT notified the Cost of Inflation Index for FY 2016-17. Let us try to identify the
How to save tax on salary income in India?
The major concern for many of salaried is how to save tax on salary income. We know few but fail to
Form 12BB -Changes in declaring HRA, LTA and Sec.80 deductions
Income Tax Department recently launched new Form 12BB. This is the single form to declare HRA, LTA, Section 80, and
Post Office Senior Citizen Savings Scheme (SCSS) – Benefits and Interest Rate
After the recent increment in Senior Citizen Savings Scheme (SCSS) limit to Rs.30 lakh from 1st April 2023, SCSS turned
Income Tax E-Filing Vault – How to secure tax e-filing account?
Recently CBDT announced the new security feature called Income Tax E-Filing Vault. This actually creates more security to your e-filing account.
Best Life Insurance Policy in India-Which one it is?
Which is the Best Life Insurance Policy in India? I often face this question. Especially, when someone looking for investment, planning
Income Tax Return filing forms for AY 2016-17 (FY 2015-16)-Which form to use?
New Income Tax Return filing forms for AY 2016-17 are now available. The IT department notified it on 30th March,
Interest of PPF KVP NSC SCSS and Sukanya Samriddhi for April-June 2016
Government announced Interest of PPF KVP NSC SCSS and Sukanya Samriddhi Account and also Post Office Savings Schemes for the
Mutual Fund Taxation – Capital Gain Tax Rates for FY 2016-17
Finally, the budget is out and let us now discuss on what is Mutual Fund Taxation and what are the
Income Tax Slab Rates for FY 2016-17 (AY 2017-18)
Yesterday Finance Minister presented the budget. Let us now see the Income Tax Slab Rates for FY 2016-17. There is