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Top 8 Tax-Saving Instruments To Add In Your Portfolio

Nov 30, 2022

Almost every taxpayer is on the hunt to arrange their finances in a way that helps them save taxes. If you are one of them, know that there are options that act as tax-saving instruments that you can purchase. While their core benefits may differ, these products can...

New draft Common Income Tax Return Form

Nov 5, 2022

At present, depending upon the type of person and nature of income,  taxpayers are required to furnish their Income-tax Returns in ITR-1 to ITR-7. Income Tax Department, proposes to introduce a common ITR by merging all the existing returns of income except ITR-7....

How to Prevent an ATO Audit

Oct 21, 2022

Unfortunately, not every individual does what’s right when it comes to dealing with tax returns. To ensure everything remains on track, the ATO reaches out to over two million taxpayers yearly to assess their review, even though not all of them will be subjects...

Filing Income Tax Return after Due Date : Belated return, Updated ITR

Jul 11, 2022

If you don’t file your income tax return till due date (31 Aug 22 for FY 2021-22 or  AY 2022-23) all is not lost you can file your income tax return with fine or penalty. If you miss this deadline as well, then you will not be able to file ITR unless you receive...

Fixed Deposit over multiple Financial Years, Tax and ITR

Jul 3, 2022

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...
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