Category: Income Tax Saving
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How To Fill Deductions In ITR 1 Sahaj Form
Do you want to save money? The answer to this question is an obvious YES! Who doesn’t want to? We’ve got some good news for you. If you are filing your ITR using form ITR-1 or Sahaj Form then you can save lot of money. You must be aware that income tax return is required…
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Income Tax Deduction | Section 80TTA & Section 80TTB
Contents :- What is Section 80TTA? What is Section 80TTB? Amendment in TDS laws Conclusion Since our childhood we’ve been taught to be frugal & save money. This teaching of our parents resulted into opening up of savings bank account by most of us. But when we earn interest on those savings, it becomes chargeable…
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How To Calculate House Property Income for ITR 1
Do you own a house? Or do you earn income from rent? If yes, then you need to take care while selecting which ITR form to use while filing your return.As income from house property needs to be considered in your ITR. Failing to which can invite troubles for you.There are basically 2 situations for…
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Know How to Reduce Your Tax payments with spouse
Your partner can help you with managing household chores, also with sharing the financial responsibilities then why not with saving taxes?? Yes, your partner in crime can now be your tax saving partner as well. You might have heard about the clubbing provisions that income invested in one’s name gets added in the name of…
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GIFTING – Does not attracts TAX!!
GIFT is such an alluring term!! It’s always joyous to exchange gifts with your loved ones. May it be on occasions of elders visiting us, birthdays, anniversaries, success party or specially marriage. Then what restricts us from making high value transfers??? The implication of tax provisions will be the top reason working as a…
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5 Important Things To Do Before 31st March 2018
The echoes of 31st March being crucial date for income Tax filing are heard everywhere. But, do you really know how does it affect you?? What will you miss if you do not abide by the deadline?? Or what are the things you will be benefited in most if, you avail advantage of the…
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Should You Hire a CA to File Your Income Tax Return?
Managing taxation affairs is a tedious task. After all, its about so many income heads, so many deductions, so many exemptions, so many due dates, so many consequences..to be adhered. No doubt…you too are planning to take assistance of a tax professional?? Which wise person will choose not to take an experts advice for…
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What will happen if I do not file my Income Tax Return (ITR) ?
Due Date Extended !!Due date for Income Tax Return filing has been extended from 31st July 2019 to 31st August 2019 by the Income Tax Department Have this thought ever striked your instincts – What will happen if I do not file income tax return ?? If yes, you must have dropped this thought!! And…
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16 Mistakes to Avoid Delay in Getting Income Tax Refunds
Income tax refunds is the most awaited thing after filing your Income Tax Return (ITR). Why not?? After All it’s your hard earned money!! You might have lined up lot of important expenditures in anticipation of your dream refunds. But, what if your TDS refund is not coming in your account, when everyone around you…
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Be a Crorepati with ease: it only takes 5% deduction in your salary
. Secured way to be a millionaire – EPF We all strive so hard to achieve our respective financial goals. How about if I present you a proposal of becoming a millionaire in the most secure, authentic and legal way!! No, we are not talking about share trading. Neither about bitcoins,mutual funds or any…