From March 2019 onwards, income tax refunds will only be credited to bank accounts that are pre-validated in the e-filing portal. Only pre-validated accounts can be used in the income-tax return while e-filing.Effective from 1st March 2019, the income tax refunds will be credited only to bank … [Read more...] about How to Pre-Validate Bank Account to receive Income Tax Refund?
Tax Planning
Best Tax Saving Options for 2019-20
Which are the Best Tax Saving Options for 2019-20? What are the Best Tax Saving Options for Salaried for 2019-20? Many of us have this confusion while saving the tax. Hence, let us understand the options available for us.Tax Planning is not so completely a bad strategy. However, many people and … [Read more...] about Best Tax Saving Options for 2019-20
Income Tax Return Forms AY 2019-20 (FY 2018-19) – Which form to use?
CBDT notified the ITR or Income Tax Return Forms AY 2019-20 (FY 2018-19). There are a few major changes in these forms. Let us see in detail these changes and understand which form you can use.The new ITR forms in PDF format are available. However, the excel utilities (or) Java Utilities for AY … [Read more...] about Income Tax Return Forms AY 2019-20 (FY 2018-19) – Which form to use?
Latest TDS Rate Chart FY 2019-20 (AY 2020-21)
What is the latest TDS Rate Chart FY 2019-20 after the recent Budget 2019? How it will impact your earnings. What are the changes done during Budget 2019? Let us discuss these in detail.Let me first update you regarding the TDS changes proposed during Budget 2019.# TDS limit hiked … [Read more...] about Latest TDS Rate Chart FY 2019-20 (AY 2020-21)
Top 5 Best ELSS Tax Saving Mutual Funds 2019
Which are the Top 5 Best ELSS Tax Saving Mutual Funds 2019? How to choose them for your tax saving as well as for long term growth?Recently I wrote a post Top 10 Best SIP Mutual Funds to invest in India in 2019. In that post, I have not covered ELSS or Tax Saving Mutual Funds. Because … [Read more...] about Top 5 Best ELSS Tax Saving Mutual Funds 2019
Mutual Fund Taxation FY 2019-20
After the Budget 2019, what is the Mutual Fund Taxation FY 2019-20? What is the Mutual Funds tax rate for FY 2019-20?3 Factors that determine the Mutual Fund TaxationFirst, let us understand what are the factors that determine the Mutual Fund Taxation. The three major part of these … [Read more...] about Mutual Fund Taxation FY 2019-20