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Income Tax for AY 2020-21 or FY 2019-20

The income tax rules for FY 2019-2020 or AY 2020-21 was based on two budgets.  All ITR forms for FY 2019-20 has now been issued by the income tax department. The last date for filing returns for ITR 2020-21 or FY 2021 is 10 Jan 2021.  This article covers Income Tax...

Fixed Deposit , Interest , TDS, Tax,Income Tax Return, Refund

We have got many queries on fixed deposit and request on writing about fixed deposit only from perspective of income tax return. So this article is answers to questions: Is Fixed Deposit interest taxed? Is TDS deducted? Do I need to pay tax if TDS is deducted? How to...

Link PAN with Aadhaar: How to link,How to check status

It is compulsory for Indian citizens to link their Permanent Account Number (PAN) with Aadhaar. People who fail to do so won’t be able to file their income tax and their PAN will no longer be operative.  As per the latest directive, the new deadline to link PAN...

Guide to get instant PAN online through Aadhaar, e-PAN

From 21 Feb 2020, the income tax department has started issuing new PAN cards online instantly using Aadhaar-based e-KYC and that too for free. The instant e-PAN card application form needs only your Aadhaar number after which an OTP is sent on your linked mobile...

Save Income Tax: How much Tax to pay, How to save, Proofs, ETMoneyApp

Only death and tax are certain. If you have an income you need to pay tax. The Income-tax Act has various sections taxpayers can use to reduce their tax outgo every year. If you are able to avail all these sections you can have even income more than 2.5 lakh tax-free...
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