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 is an informal loan to your friend or relative more than Rs 20,000 in cash or you may be levied penalty to the tune of the loan amount . And when someone deposit money in your...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 government taxes your profits. But there are many people who in spite of having invested in real estate for years are not very sure about how their profits are...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 Jaitely launched the SMS alert service for TDS deduction for salaried class. This article talks about the service. As many as 25 million salaried taxpayers...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 email thanking them along with certificate of appreciation. This article talks about these Income tax certificate of appreciation. What are these Income Tax...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 are looking forward to living a relaxed life. Collecting your pension and provident fund money is work half-done. You have to plan meticulously to not...Subscribe to All Our Posts
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