Tag archive for ‘Tax’
By Loknath Das On Tuesday, March 19th, 2019
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Income Tax Saving: 5 tax saving mistakes millennials need to watch out for

Tax Saving Mistakes: Tax planning is a year-long process and waiting until the last-minute can increase your chances of making mistakes. Millennials today manage their own finances. BankBazaar’s Aspiration More...

By Loknath Das On Tuesday, March 5th, 2019
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Filing I-T returns? Collect THESE documents to calculate income tax liability

Investors should collate statements of capital gains, bank, dividends received, interest paid, TDS certificates, securities statements and interest earned on investments to calculate the income tax liability. Certificates More...

By Loknath Das On Friday, February 22nd, 2019
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How Much Income Tax You Can Save In Assessment Year 2020-21

The income tax assessee can make use of latest changes in laws to make most of the earnings in AY2020-21 The government has announced a number of income tax-related changes in Budget 2019. Among these changes More...

By Loknath Das On Sunday, February 17th, 2019
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Google is reportedly hiding behind shell companies to scoop up tax breaks and land

Should local communities have the right to know before a big tech company moves in? Should they be able to protest before city planners offer those companies millions or even billions of dollars in incentives? More...

By Loknath Das On Sunday, February 3rd, 2019
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Income Tax Rebate 2019 Clarification: Taxable income above Rs 5 lakh? Know what is in store for you

Budget 2019 Income Tax Relief: Finance Minister Piyush Goyal on Friday brought cheers to around 3 crore low-end taxpayers by announcing a rebate for people having annual income up to Rs 5 lakh. Section 80C of the More...

By Loknath Das On Friday, January 18th, 2019
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Income tax filing to take just one day; Infosys to develop new system

The Union Cabinet yesterday sanctioned close to Rs 4,242 crore for the next-generation income tax filing system, which will cut down the processing time for returns to just one day from 63 days currently while More...

By Loknath Das On Sunday, January 13th, 2019
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Income Tax rules: 10 ways taxpayers have been affected in the run up to Budget 2019

Budget 2019: Modi government is all set to announce its last budget of the current tenure on February 1 this year and the middle class are expecting a lot of favour from Finance Minister Jaitley this year before More...

By Loknath Das On Monday, August 27th, 2018
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When to file revised income tax return (ITR) and how to do it

The income tax return (ITR) filed for AY 2018-19 can be revised till 31 March 2019, or before the assessment happens, whichever is earlier. Photo: iStockphoto More than 34 million people filed their income tax More...

By Loknath Das On Thursday, August 2nd, 2018
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Types of income tax notices and penalties for various offences

Identify your potential Audience with Native AdsSponsored by Colombia Section 131(1A) & Section 133A An individual can receive a tax notice for a variety of reasons. Here is what the notices under different More...

By Loknath Das On Thursday, August 2nd, 2018
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Red flags to avoid while filing income tax return

These mistakes will alert the taxman Here’s a list of seven red flags you need to avoid while filing your income tax return (ITR). These discrepancies in your tax return can alert the I-T department and More...