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How to declare Unaccounted Cash in Demonetized Notes Options and Tax
How the cash deposits of undisclosed income will be dealt with , how much tax one would have to pay. People…
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Tax on Undisclosed Income and Pradhan Mantri Garib Kalyan Yojana 2016
The Pradhan Mantri Garib Kalyan Yojana (PMGKY) notified along with other provisions of Taxation Laws (Second Amendment) Act, 2016 came…
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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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Tax and penalty on Cash Deposit due to Demonetization
If you have Rs 500 and Rs 1,000 notes lying with you, there is no reason to panic if you…
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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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e-Nivaran: To raise and track Income Tax related Grievances Online
Aiming for prompt and proficient management or resolution of complaints, Income Tax Department has launched e-Nivaran, a unified grievance handling…
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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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Rental Income and NRI: When House of NRI is on Rent
Many NRIs have given their house in India on rent. In this article , we will look at the various aspects…
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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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When Partner Wants to Quit Job to Start Business? A Couple’s Money Guide
When a partner wants to quit job to start a…
