ITR Filing: It is necessary to file Income Tax Return i.e. ITR Filing. Apart from taking a home loan or personal loan, it also makes many things easy. It is generally advised to people that even though your earnings are not in the taxable net, you should still file ITR. Even after this, many people…
Tax Update: From July 1 this year, the new rule of TDS is being implemented. After this, you may have to pay more TDS. This year, Finance Minister Nirmala Sitharaman had made a provision to add a new section 194R in the Income Tax Act in the budget. Under this, if perks of Rs 20,000…
TDS: Income Tax Department has prepared a new system for deducting TDS (tax deducted at source) and collecting TCS (tax collected at source). Through this, it will be easy to identify those ‘specified persons’ who have not filed returns, who will be taxed at higher rates from July 1. This will reduce the compliance burden. Tax deducted…
Here’s what you can do Fixed deposit (FD) is a financial instrument provided by banks or Non-Banking Financial Companies (NBFCs) on deposit of a lump sum amount at an agreed rate of interest and for a fixed period. FD investments provide a higher rate of interest compared to a savings account. However, withdrawal of the FD…
