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Blogs, Income Tax Help

With the approaching new year, the Human Resource Department of your company is all set to roll up their sleeves and email you asking you to submit proofs of your Income Tax Declarations. Submitting proofs for income tax declarations can be a tough time for any salaried person. But don’t worry, our expert CAs have compiled a list of documents that you’d be required to submit to your HR when they ask you for income tax declaration proofs.Deduction under section:Deduction for:Investment proof to be submittedMaximum Limit of Deduction80CLife InsuranceLife insuranceSEE DETAILS

Blogs, Income Tax Learning

We are all set to bid farewell to the year 2016, a year that was nothing short of a roller coaster ride thanks to Demonetization, one of the most radical decision in the history of Indian Economy. The withdrawal of the legal tenders of Rs 500 and Rs 1000 notes created a swirl in the nation. This further led to panic when the Modi government announced that deposits in banks accounts will be monitored by the Income Tax Department. Long queues outside Banks & ATMs, rural distress, debates and discussionsSEE DETAILS