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Income tax rates, Service Tax, Pan verification, HRA, EPF, 80C,80D, Tax Tips, ITR, TDS rates ,challan, Tax calculator ETDS return, India, capital gain
2022-07-13 04:24
 IGST is leviable on the interest component of EMI of loan advanced by the Bank through credit card The Hon’ble Calcutta High Court in Mr. Ramesh Kumar Patodia v. Citi Bank NA &a&hell…Read More
Changes In Income Tax Budget 2022
2022-02-02 07:37
 India is growing at an accelerated pace and people are undertaking multiple financial transactions. The Income Tax Department has established a robust framework for reporting taxpayers… Read More
Changes In Custom & Excise Budget 2022
2022-02-02 07:26
 CHANGES IN CUSTOMS The Finance Minister has introduced the Finance Bill, 2022 in Lok Sabha today, that is 1st February, 2022. Changes in Customs, Central Excise, GST law and rates hav… Read More
Budget Provisions For Common Man
2022-02-02 05:08
 Balwant Jain Against the high expectation of individual tax payers about the increase in the limits of a basic exemption, standard deduction, and deduction under Section 80C, nothing… Read More
Changes For Middle Class In Budget 2022
2022-02-01 12:11
Middle-class people's Expectations were high from Finance Minister in Budget 2022, however not a single demand was met by the Finance minister for the Middle class directly.No changes have b… Read More
Rule Of 72 & Rule Of 114 Explained In Hindi
2022-01-29 06:15
What Is the Rule of 72?The Rule of 72 is a quick, useful formula that is popularly used to estimate the number of years required to double the invested money at a given annual rate of return… Read More
2022-01-23 16:57 is purchased in India as a savings instrument that may be encashed instantly or exchanged for jewellery as and when required. It is further noted that these… Read More
6 Recent Important Changes In NPS Video
2022-01-22 04:24 scheme has been regularly updated and many changes are being made by the authorities to facilitate the NPS subscribers and to promote the scheme to more and p… Read More
2022-01-18 16:28
 The threshold limit is the amount up to which TDS is required to be deducted. The section-wise Threshold amount for TDS  is given as under for fy 2021-22 Section Pa… Read More
2022-01-18 15:57
​​​​​​​​​​​Tax is deductible at source at the rates given in table (infra). If PAN of the deductee is not intimated to the d… Read More
Tax Treatment Of Life Insurance Policy
2022-01-11 12:02
 Balwant Jain Indian income tax laws provide for certain tax benefits in respect of life insurance premiums paid on life insurance policies as well as for money received from insurance… Read More
2022-01-11 12:02
 New FVUs Version 7.4 & 2.170 released by NSDL – Key FeaturesThe Income Tax Department has released the following new FVU (File Validation Utilities) for TDS/TCS Returns which… Read More
2021-12-26 16:22
Amendments proposed in Section 129 and 130 of the CGST Act, 2017 notified w.e.f. January 01, 2022Background:The Hon’ble Finance Minister, in Union Budget 2021-22, proposed changes vide… Read More
2021-12-26 15:52
Notified the amendments proposed in Section 74, 107, 151, 152 and 168 of the CGST Act, 2017 w.e.f. January 01, 2022Background:The Hon’ble Finance Minister, in Budget 2021-22, proposed… Read More
Tax Benefit Of NPS New Pension Scheme
2021-12-22 16:15
There are many Tax saving schemes Like Life insurance, PPF, GPF, NSC, etc under which a person may invest and claim deduction under section 80C up to an annual limit of Rs 1.50 Lakh. However… Read More
Penalty On Late Filing Of Income Tax Return
2021-12-22 04:38
The due date for the Income-tax return for Financial Year 2020-21 ay 2021-22 for non-audit cases is coming in the few days i.e 31.12.2021. Three is a Rush on e-filing the return on the Incom… Read More
How To E Verify Income Tax Return
2021-12-21 02:30
1. OverviewThe e-Verify service is available to both registered and unregistered users on the e-Filing portal.You can e-Verify your Income Tax Return using any of the several modes… Read More
FAQ On E Verification Of Income Tax Return
2021-12-21 01:30
 1. Why do I need to e-Verify?You need to verify your Income Tax Returns to complete the return filing process. Without verification within the stipulated time, an ITR is treated as inv… Read More
2021-10-20 06:09
Release of File Validation Utility (FVU) Version 7.3  FVU (File Validation Utility) Version 7.3 & Version 2.169 has been released on 13thOctober 2021. This has been released after r… Read More
2021-09-10 11:30
 Balwant Jain Why the requirement to disclose the assets owned by you in the ITR In order to detect the cases of deprotonate increase in the assets as compared to known source of incom… Read More
2021-08-25 03:37
 Balwant Jain   The ITR filing season is on. Before you actually sit down to file your ITR, you should do some ground work so that the actual process of working out the numbers for… Read More
Selecting A Good Software For TDS Returns
2021-07-27 16:05
TDS Returns are to be filed for tax deductions for both Salary, Non-Salary payments. Additionally TCS Returns also need to be filed. The frequency of filing is every three months. For p… Read More
2021-07-12 06:00
 Individuals and HUFs can opt for the Existing Tax Regime or the New Tax Regime with lower rate of taxation (u/s 115 BAC of the Income Tax Act)The taxpayer opting for concessional rates… Read More
2021-07-11 15:18
Balwant Jain Of late Flexicap fund have been in news for more than one reasons. Let us understand what Flexicap funds  are and why they have been in new of late. Historical Background… Read More
2021-07-09 01:30
 1. Who is eligible to file ITR-2 for AY 2021-22?ITR-2 can be filed by individuals or HUFs who:Are not eligible to file ITR-1 (Sahaj)Do not have income from profit and gains of business… Read More

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