Fixed Deposit over multiple Financial Years, Tax and ITR
Fixed Deposit (FD) is an investment product which allows you to invest a lump sum of money for a fixed period and at a fixed rate of interest. It is one of the simplest investment product with many benefits. In India, you can invest from 7 days to 10 years. Interest...Income Tax Annual Information Statement (AIS), TIS, How to use it to File ITR
Income Tax Department has rolled out the new Annual Information Statement or AIS which provides one’s comprehensive view of information such as interest, dividend, stocks transactions, mutual fund transactions, foreign remittance information, etc. It has also...How to Show Capital Gain on Shares and Equity Mutual Funds in ITR
When one sells Shares and/or Equity Mutual Funds one has Capital Gain on the sale of Equity. You cannot file the Capital Gain in ITR1. The article discusses the procedure to report Capital Gain on Sale of Shares and Equity Mutual Funds in Income Tax Return New Portal...How to fill Form 67 to claim foreign tax paid on New Income Tax Portal
if the taxpayer is a resident of India, and he has paid taxes outside India, he can claim a credit of such foreign taxes paid against his tax payable in India. An individual taxpayer shall furnish Form 67 in order to claim Foreign Tax Credit. This article explains how...Do I Need to Pay Tax on Dividend Income? How to report Dividend Income in ITR?
Do you need to pay tax on dividends you received from Stock or Mutual Fund? What about the TDS on the Dividend? You may have got a dividend from the stock of a company or from a mutual fund in India. Dividend received on or after 1 April 2020 is taxable in the hands...Subscribe to All Our Posts
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