Updated: Mar 3, 2019 Transfer or Gift Shares in Demat Form Are you holding shares and would like to gift it to your spouse or children or any other person? Yes!! Then read the article below explaining the: Procedure for gift or transfer of shares in demat form. Taxation … [Read more...] about How to Transfer or Gift Shares in Demat Form
Updated: Feb 2, 2019 Not many of us know that when we buy flat or any other immoveable property, we require deducting tax at 1% from the purchase price and paying to government. Another mistake we make by not disclosing the income generated through the investments in the name … [Read more...] about How to deal with Income Tax Notices in India
Updated: Jan 15, 2019 Electronic Verification Code (EVC) to e-verify Income Tax Returns Government is trying hard to go green but the necessity of sending signed ITR-V form to Bangalore was becoming an obstacle to make e-filing process completely paperless. Digital Signature … [Read more...] about How to Use Electronic Verification Code (EVC) Instead of ITR-V Sign for Income Tax Return e-filing?
Filing of income tax returns is mandatory for every responsible national who earns an income. Here is what you must know. Filing ITR is necessary for the individuals who are earning a particular annual income, not beyond a fixed due date. Although it can be a tiresome task, it … [Read more...] about What?s the right time to file Income Tax Returns?
After surgical strike on black money, NaMo has warned benami property holders that his next step would be against them. While addressing the nation in Goa Prime Minister Modi has said that taking action against benami property would be the major step towards eradicating black … [Read more...] about All about Benami Property / Transactions
Deadline of filing income tax return is just a week away and most of us have not filed our tax return yet. CBDT has made efiling so easy that even a first timer can file his/her tax return hassle free. Here I have compiled steps to e-file income tax return through Income Tax … [Read more...] about How to E-File your Income Tax Return?
Share Trading: Business Income or Capital Gain? Most of Indian Taxpayers irrespective of their earnings are indulged in Share trading because it is seen as a quickest way of earning handsome money. Also trading becomes easy with the rapid development in technology. Thus it … [Read more...] about How Share Trading Activities are Taxed in India?
All the taxpayers who have NIL tax liability can escape from deduction of tax on the interest by submitting Form 15G or Form 15H (as applicable) to the deductors such as banks, post-offices, companies etc. at the beginning of year. Remember both Form 15G and Form 15H have … [Read more...] about Form 15G and Form 15H Submission to Avoid Tax Deduction
CBDT has recently released a New Form 12BB to claim tax deduction in respect of Leave Travel Allowances (LTA), House Rent Allowances (HRA) and Interest on Home Loan Interest. The form has to be filed by employees and submit it to their employers along with few other documents and … [Read more...] about Form 12BB – LTA, HRA and Home Loan Interest Proofs to be furnished to Claim Tax Rebate
Financial Year 2015-16 is going to end soon and it is the time to submit your investment proofs to your employer. Investment Proofs are the documentary proofs of the investment declaration for tax planning made by the employees to their employer at the beginning of the financial … [Read more...] about Income Tax Investment Proofs Submission Last Date