Individuals earning upto Rs 9.5 lakhs can escape tax liability

The Interim Budget 2019, since it was announced on 1st Feb is constantly being backfired with questions. In response to the latest one Finance Minister Piyush Goyal said, Now individuals earning upto Rs 9.5 can escape tax liability by taking the advantage of saving schemes. You might have already read and calculated tax saving on… Continue reading Individuals earning upto Rs 9.5 lakhs can escape tax liability

Post-retirement Sachin Tendulkar blasted Tax Liability!

Wins the Capital Gain Case

If you are also amongst those who invest a considerable amount in shares then you need to know this!! If the frequency of transactions is high, then that has always been a debatable issue in income tax that whether income is to be treated as capital gain or business income. Recently, the Same issue happened… Continue reading Post-retirement Sachin Tendulkar blasted Tax Liability!

Walmart-Flipkart Deal | Trouble for Bansal Buddies

Income Tax Notice for walmart and Flipkart Deal

It won’t be wrong to say that the founders of a Startup are the most stressed person in their company. They leave all their comforts and do hard work day and night just for one cause – one day their company will reach a great height. They have to take care of everything. From generating… Continue reading Walmart-Flipkart Deal | Trouble for Bansal Buddies

Want to Avoid Invalid ITR ? Read this

Invalid ITR

Filed your return before the due date but forgot to verify before the expiry of time limit? Then in such case, your ITR has become an invalid ITR and now you would have to file the ITR again. Surprised? Yes, you heard it right. Now, you need to file your ITR as a belated return. Don’t know… Continue reading Want to Avoid Invalid ITR ? Read this

Waiting for Refund ? Check the ITR V Status

Know how to check your ITR V status.

Do you know how to check ITR V Status? You must be thinking that why we are asking this “out of the blue”question. Well, if your ITR is not yet processed or your refund (if any) hasn’t been credited then this question is relevant for you. 7 out of 10 people still think that just filing… Continue reading Waiting for Refund ? Check the ITR V Status

Jurisdiction free online assessment : Now no more visits to IT dept.

Jurisdiction free Online Income Tax Assessment

Received a scrutiny notice? Then the next image coming to your mind must be of an Income Tax Office. Where you might have to go again and again and wait for long hours to meet the IT Officials. Well, not anymore:)!Income Tax department has launched the jurisdiction free e-tax assessment of scrutiny cases.The system will… Continue reading Jurisdiction free online assessment : Now no more visits to IT dept.

Easy Steps To Reset ITR eFiling Password

How to Reset eFiling Password Remembering passwords is not an easy task. With so many online services like Facebook, Quora, Linkedin, Net Banking etc & each one with a secured portal, hence it is very common for an individual to forget password easily. Heck! Even you must have gotten confused in passwords/logins of different social… Continue reading Easy Steps To Reset ITR eFiling Password

Digital Signature for ITR Efiling

If someone who owes you money, give a cheque without his/her signature, will you take it? It’ll be a direct No! A cheque’s worth, without the owner’s signature, is nothing. Similarly, have you ever thought, we send/ receive many documents online through emails etc. So what’s the surety that person on the other end is… Continue reading Digital Signature for ITR Efiling

How to fill exempt income details in ITR 1 Form?

I recently caught up with a school friend of mine. What a great time we had! Recalling all those funny moments, making fun of teachers, sports day fun & sometimes getting into trouble. And then our topic shifted to politics, economics and other random stuff. All of a sudden my friend asked me, “I am… Continue reading How to fill exempt income details in ITR 1 Form?

Things You Need to Prepare Before Filing ITR 1 for FY 2017-18

31st July is already being in talks. Specially for the newly levied penalties under section 234F, which can cut down your pocket up to additional ₹10,000/-. Before you start filing ITR for FY 2017-18, let’s get handy with the documents and details needed in the process. For a hassle free ITR filing, first requirement is… Continue reading Things You Need to Prepare Before Filing ITR 1 for FY 2017-18