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FD is not for people who are purely looking for gain.
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Every single penny earned is valuable!! We need money to live so we work hard to satisfy our needs. But what if something happens and we need a huge amount of money at a stretch?  Exactly, there arose the concepts of saving, borrowing and lending! But why should I lend when I have to suffer illiquidity and inflation? There again arose a concept called interest/ return. In this way, both lender and borrower enjoy a profitable position. So, if we think of investing in Fixed Deposit (FD), then is itSEE DETAILS

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 Can ITR filing ever be a breeze?? Well surely it can be, if, we start preparing for it timely. So, the next ques arises, what is the good time to start preparations? There is no fundamental law which can notify such time. However, for the sake of understanding we can presume earlier is better.The due date of Income tax return filing for FY 2017-18; AY 2018-19 is 31st July 2018, for non audited cases. But, it will be wise to start arranging for information and documents now onwards to haveSEE DETAILS

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The income tax department yesterday released provisional data of its direct tax collection in India for 2017-18, precisely from April 2017 to Feb 2018. Though the collections have seen an increased by 19.5% when compared with collection of April 2016 to Feb 2017. But, an important event of “ 2016 Indian banknote demonetization ” which took place during the last corresponding year cannot be ignored. Press Information Bureau, GOI, Ministry of Finance released the following dataNet collections for April 2017-Feb 2018 amounted to Rs.7.44 lakh cr. Which is 19.5% higher comparedSEE DETAILS

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Income Tax Help, Income Tax Learning, Income Tax Updates, Latest News

Have you ever experienced your phone buzzing at 3:38 am on 13Feb ?Excited! You check your phone .What you see next is totally unexpected …“WHAT I HAVE DONE NOW?”Sacred and panicky you don’t know whom to call at this ungodly hour.So, are these messages really ghost or just a wrong timing host?? Well, These sms alerts are from our very dear friend Income Tax Department. You may feel, the Income Tax Department has started stalking you://If you are one of those who have encountered such a message, then first calmSEE DETAILS

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Blogs, Income Tax e-Filing, Income Tax Help, Income Tax Learning, Income Tax Updates, Latest News

As 31 March is approaching nearby, Aarav was making calculations for his current year taxes (i.e FY 2017-18: AY 2018-19). He was arranging documents for the home loan application.Suddenly he started trembling…He had not filed his ITR for FY 2015-16; AY 2016-17!Have you ever been in a situation like that of Aarav??If yes, you need not panic as you still have the last chance to file your pending Income Tax Return for FY 2015-16 (AY 2016-17) till 31 March 2018. Let’s understand in detail… Who is required to file ITR forSEE DETAILS

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Income Tax for Starters (Basics), Income Tax Learning, Income Tax Updates, Latest News

Yet another scam!Rs.3,200 crores!!!This time it is TDS…Tax Deduction at SourceWell, you heard it right.The IT department unveiled Rs. 3200/- crore by 447 cases.These companies dutifully deducted the TDS at the time of payment of money, as required by the income tax law but did not deposit the same in the government treasury. Yes, they kept the money all by themselves.Let’s understand in detail, what really happened…What is TDS?TDS (Tax deduction at source) is the certain amount deducted by a person or firm while making payment to another. Provisions of sectionSEE DETAILS

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Income Tax Due Date_March 2018
Income Tax e-Filing, Income Tax for Starters (Basics), Income Tax Learning, Income Tax Updates, Latest News

Missing an Income Tax Deadline can lead to the bombardment of the Income Tax Notices leading to the penalty and prosecution for you:(Scary!!!RightDon’t worry you can easily avoid these expensive mistakes! Just mark your calendar with all the Income Tax Deadline (Due Dates) for F.Y. 2017-18(AY 2017-18) for the month of March 2018 and never miss a date again:)Here’s the lists of all the important Income Tax Deadlines for March 2018-Note: Unless otherwise indicated, all deadlines are at 11:59:59 P.M. (one second before midnight) local time.31st March 2018: Due Date for Filing YourSEE DETAILS

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Income Tax e-Filing, Income Tax for Starters (Basics), Income Tax Learning, Income Tax Updates, Latest News

(ITR for FY 2015-16(AY2016-17) and FY 2016-17(AY 2017-18) in India)31st March 2018, is the last of the current Financial year. It is a very important date for all of us.As this time it is not only about the quarter end, but..this is the last date to file the Income Tax Returns for FY 2015-16 and FY 2016-17.Yes, you read it right, the last date for filing ITR of FY 2016-17 is not 31st March 2019 anymore!!Do you know post 31st March you cannot file your tax returns for these financialSEE DETAILS

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Income Tax e-Filing, Income Tax Help, Income Tax Learning, Income Tax Updates, Latest News

We all try to abide by the due dates of filing ITR and are always vigilant about the same. There are various benefits of filing Income Tax Return. But, due date by the end of current Financial year i.e. 31 March 2018 is of utmost importance. And, you should know the benefits you can leverage if you file before 31 March 2018. Do you know 31 March 2018 is the last for filing your belated return for AY 2016-17 and 2017-18? And if you already filed Income tax return during AYSEE DETAILS

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Blogs, Income Tax Updates, Latest News

08 November, 2011 the eve of demonetization in India marked its place in everyone’s life.Ever since the time of demonetization, reforms in financial policies have been talk of the country. The event has triggered human minds to be active in every monetary transaction they have made thereafter. But, for those who are mistaken that gone are the days of vigilance or for those who are afraid of making every transaction, here is the list of activities which are under surveillance of government through automatic reporting from concerned departments involved :-CashSEE DETAILS

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