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Tax : What are Cess and Surcharge? What is difference
Indian government levies taxes on its citizens to raise money for numerous purposes and for meeting the economy’s expenditure. This article…
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Income Tax for AY 2017-18 or FY 2016-17
The tax an Indian pays every year is calculated on the basis of his/her gross total income. The tax is…
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Five Best Tax Saving Options In Financial Year 2016-17
Although saving money is round the year activity for any earning individual, tax saving only gets in focus in the…
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Demonetization: How much Gold can you keep? Income Tax Raids
Since Demonetization many rumours have been making rounds such as that all gold jewellery including ancestral jewellery shall be heavily taxed. Government said…
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Income Tax Notice and Bank accounts with large value cash transactions
As part of its data matching exercise, Income Tax Department has identified bank accounts which have large value cash transactions.…
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Giving Cash and Deposit money into Bank Accounts and Tax on Gifts
It is not advisable to deal in cash and borrow or lend by cheque or bank draft even if it…
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Taxation of your Real Estate Capital Gains
If you are in habit of investing in capital assets like stocks, real estate, etc., you will know how the…
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SMS alerts for TDS deduction from Income Tax Department
Article is updated to reflect the images from SMS alert and Form 26AS. On Oct 24 2016, Finance Minister Arun…
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Income Tax Certificate of Appreciation
The Income Tax department has started a new and unique thanks giving for the honest tax payers. By sending an…
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Senior Citizen and How to invest Retirement money?
Before or On retirement the question that one has is how to use the retirement kitty? You are or will be retired and…
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Income Tax Refund: How to claim Refund,Check Status
Income Tax refunds arise in those cases where the amount of tax paid by a person , directly or indirectly, is…

