No more Income tax notices in paper form: Department to issue notices through e-mail ID’s..!!

No need to meet Assessing Officer in personal from now onwards! Yes, under umbrella of Digital India campaign with an objective to curb corruption,Central Board of Direct Taxes (CBDT) has decided to issue the tax notices through email. Inaddition to this, response to such notices shall also be submitted by email ,thus, avoiding personal contact… Continue reading No more Income tax notices in paper form: Department to issue notices through e-mail ID’s..!!

Where is my Refund?

Are you unable to understand why you have still not received your Income Tax Refund?? Even after filing your Income Tax Return on time!! Don’t worry… There are some common mistakes that you might have been doing till now…but no more!! As per the Income Tax Department, mistake that majority of the taxpayers do is… Continue reading Where is my Refund?

Tax benefits of home loan: Now buying house shall even be more beneficial

I am planning to buy a house by taking home loan; whether I should buy vacant plot/ land/ under construction property or readymade flat to avail maximum tax benefit? What is the quantum of the tax benefit that shall be available to me in each of the cases? One of the major issues faced by… Continue reading Tax benefits of home loan: Now buying house shall even be more beneficial

Skill Development Cess

Another burn in the pockets of Taxpayers as the Government proposes 2% Skill Cess. Months after the much debatable Swatch Bharat Cess, the Government has now come up with 2% Skill Cess on the individual and corporates to develop entrepreneurship and employment skills in the youth of the country. This is in line with Government’s… Continue reading Skill Development Cess

Assocham appeals for a women centric budget!

The Associated Chambers of Commerce of India (ASSOCHAM) in its pre-budget recommendation to the Finance Ministry has given various suggestions to be incorporated in the upcoming budget with the aim of making it easier for the women to join the workforce. “While we are confident about a positive multiplier effect of the leaving more money… Continue reading Assocham appeals for a women centric budget!

SAVE YOURSELF FROM FILING YOUR INCOME TAX RETURN TWICE!!

SAVE YOURSELF FROM FILING YOUR INCOME TAX RETURN TWICE!! Yes, you may have to file your Income Tax Return twice if you fail to verify your return on time. People who file their return online often forget to verify their Income Tax Return. If you file your Income Tax Return without digital signature then you… Continue reading SAVE YOURSELF FROM FILING YOUR INCOME TAX RETURN TWICE!!