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Recently, Mr. Sachin Tendulkar got a favorable ruling from a tribunal over a tax disputed case on one of his vacant property. If you are also the owner of more than one house then you definitely need to read this !! Let’s have an overview of his case and find out how it may help you.Facts of the Case:Mr. Sachin had two properties in Pune, one in Treasure Park and another one in Sapphire Park in F.Y 12-13. Now, in the ITR of F.Y 12-13, only the Rental income fromSEE DETAILS

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

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 Income Tax Return finishes their job. But it is not the case.In this blog, we will let you know the after filing process.Let’s begin.What is verification of ITR ?As per law, after filing income taxSEE DETAILS

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

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 be implemented in a phased manner across India.What is Jurisdiction Free E-tax Assessment?It means you can give the online response to the scrutiny notice at your convenience i.e. 365*24*7. It will enable you to saveSEE DETAILS

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26th July, 2018 will definitely become a date to remember. As of today, the Minister of Finance announced the extension of ITR deadline from 31st July to 31st August.The Ministry of Finance tweeted, “Upon consideration of the matter, the Central Board of Direct Taxes (CBDT) extends the “Due Date” for filing of Income Tax Returns from 31st July, 2018 to 31st August, 2018 in respect of the said categories of taxpayers”.Now the confusion faced by taxpayers is related to the “categories of taxpayers”. From the tweet of Finance Minister, itSEE DETAILS

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As the last date of filing income tax return is approaching fast, the issue of non-availability of Aadhaar Card with many taxpayers is creating issues. On Tuesday, the Delhi High Court provided much needed relief by directing Income Tax Department to allow filing of ITR without Aadhaar Card.Section 139AA of Income Tax Act makes it mandatory to quote Aadhaar number while filing income tax return. Due to which, many taxpayers were facing problem in filing ITR without Aadhaar Card.What Delhi High Court SaidTwo women petitioners, Shreya Sen & Jayshree SatputeSEE DETAILS

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You must have heard of many people talking about the importance of filing income tax return. There are of course many benefits of doing so like you can claim refund of taxes, NIL chance of IT notices etc. What many people overlook are the most important benefits i.e. income tax return for bank loan and visa. Today, we’ll give you detailed insights of not only benefits of ITR for bank loan & visa but also it’s major tax benefits. So hop on the ride, buckle up your seatbelts and let’sSEE DETAILS

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Are you unsure about filing income tax return? Well, we’ve got a magic, trick up our sleeve which will make you want to file ITR. Just keep on reading! If your income exceeds basic exemption limit (₹2,50,000/ ₹3,00,000/ ₹5,00,000) then filing ITR is compulsory for you. Even when income is within the limit, filing ITR can be beneficial for you. It can help you with processing of bank loans, visa applications and much more. We are sharing top 4 benefits of filing income tax return with you.Easy Bank LoansFiling ITRSEE DETAILS

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Do you want to succeed in life?You must be thinking what a lame question it is.Who doesn’t want a better job, good pay & much more?As the wise one’s have said “study & work hard if you want to achieve heights”.This thirst to achieve more, makes us want to study hard & get admission into our dreams colleges.You may want to do MBA from IIM,s or M Tech from MIT, the list is endless.But not all of us are Tata or Ambani kids with endless monetary resources.It is a wellSEE DETAILS

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Do you have a medical insurance policy?If no, then you are surely taking a lot of risk as far as your future is concerned.If yes, then you are a smart investor who invests in his health not only for today but for his future as well.As it is very aptly said “Health is Wealth”.With aim to promote health planning among individuals, government introduced Sec 80D.► What is Sec 80D?Sec 80D provides deduction of premium paid on your medical insurance policy.► Who is eligible for Sec 80D?You can avail this deductionSEE DETAILS

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Do you like paying Income tax?If people start answering honestly, we bet 99.99% will say NO! And it’s but obvious, who likes to pay tax on their hard-earned money.Today, we are going to share with you some uber cool ways. And by using them you can save income up to ₹ 1,50,000! Exciting ? Let’s Begin.Have you heard of Section 80C?This magical section of Income tax Act will help you to save income & income tax.If you are an individual or HUF, then using various ways suggested in Sec 80C,SEE DETAILS

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