Tax, Investments and Retirement

Prime Minister announced a ‘Citizen’s Charter’ that the income tax department would be committed to consider the Assesses as honest unless there is reason to believe otherwise. P...

As part of the proposed expansion of reportable transactions under SFT, the following transactions would be under scanner: 1. Payment of educational fee/ donations above Rs1lakh per annum

Attached please find a complete list of deductions available for Assessment Year 2020-21.

Additional transactions to be included under the reporting standards of income tax include: Payment of rent above Rs 40,000. Payment of educational fee/donations above Rs 1 lakh per...

Senior people at loss as Bank FDs intrest less. Now any type of Mutual Funds ,Liquid Funds prone to Stamp Duty. Gains for LTCG. Dividends TDS! SCSS etc Long duration with reduced yields! Is Saving...

What is cKYC? Probably some senior persons in the banking industry are aware of the formation of Central KYC registration agency in 2011 and its role etc. cKYC stands for Central KYC wh...

Key highlights: 1. It helps to e-file income tax returns quickly and correctly. 2. The new form required some additional details on taxpayers’ financial transactions. 3. This f...

CBDT has recently brought out the new form 26AS for ease of filing of Income Tax Returns(ITRs)by taxpayers.The new form is a faceless handholding of taxpayers,to help them with updated financial t...

Filing of Form 15H is difficult for Senior Citizens. From this FY 20-21 Companies will deduct tax if dividend amount is more than Rs.5000/-. This requires Senior Citizens to be on the look out for...

Need urgent advise from some one please - In my Form 26AS for assessment year 20-21, some entries of TDS has been shown under section 194C by some one with whom I never had any dealing. Moreov...