We will help you to optimise your personal finance to save taxes.
Banks deduct tax on the fixed deposit interest as per the income tax act regulations. Let’s check everything about TDS on bank interest including fixed deposits and savings accounts in the article. TDS on FD Interest What Is TDS On FD Interest earned on fixed deposit (FD) is fully taxable. Banks deduct tax if your …
TDS on Bank Interest: Tax Deduct at Source on Fixed Deposit Read More »
Updated: Jan 23, 2020 If you are filing your income tax return, you have to verify it in the final step. If you don’t verify your return, it will not be considered valid as per laws. You get 120 days to verify your return, once you have uploaded your ITR on the e-filing website. There …
Updated on 24 Jan 2020. You can expect a refund if you have paid tax more than the actual tax liability. You can track your Income Tax refund status once the filing of ITR is done. You will get your refund credited to your bank account, once the claim is accepted by the income tax …
3 easy ways to check income tax refund status online in India Read More »
Updated on 24 Jan 2020. If you are aware of various tax dedcutions provided by the government, you can save more money on taxes. Let’s go through all the tax deductions available under section 80 of the Income Tax Act, 1961. Read: All about Online Filing of Income Tax Return #1. Section 80C (Deductions on …
Income Tax Deductions under section 80 to save more tax Read More »
Updated on 29 Jan 2020. If you are an individual earner and depending on someone to fill your income tax return, then I would suggest you to give it a try yourself. Because you can’t hand over your personal and confidential information to anyone (I know there are reputed people who fill ITR on your …
Step by step guide on How to file income tax return online in India Read More »
Updated: Jan 29, 2020 In 2019, the Income tax department issued notices of scrutiny to 58,322 cases under phase-I for the assessment year 2018-19. If you also get such a notice, then don’t panic and keep calm because mostly these notices are for verification, reassessment or to clear any discrepancy in the ITR filing. You …
Income Tax notice – Check how to deal with it in India Read More »
Updated on 22 Jan 2020. You have to pay Stamp Duty and Registration Charges while buying a house. You pay stamp duty charges to government to get the property registered in your name. Since stamp duty can be as high as 8% of the property value (varies from state to state), it adds up to …
How to Claim Tax Exemption on Stamp Duty and Registration Charges u/s 80C Read More »
Last Updated – 27 January 2020 In budget 2017, the government makes changes in the income tax slab rate for the AY 2018-19. These changes bring relief to the middle class. After demonetization, people were expecting higher tax-free income, but the government has given relief by changing the tax rate for the individual. You may also …
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