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Understanding Form 26AS, Tax Statement

Form 26AS, also called as Annual Statement, is a consolidated tax statement which has all tax-related information (TDS, TCS, Refund etc) associated with a PAN. It shows how much of your tax has been received by the government and is consolidated from multiple sources...

Financial tasks you should complete before 31 Mar 2022

This article talks about what financial tasks one should complete before 31 Mar 2022. If you don’t do these tasks then you may lose income tax benefits that you could have availed and also end up making some of your investments in an inactive state. Financial...

Segregated Portfolio, Side Pocketing in Debt Mutual Funds

UTI, Nippon India MF create a segregated portfolio of debt securities issued by Vodafone Idea. Segregated portfolio or Side Pocketing is a practice where mutual fund houses of debt funds isolate risky assets from the rest of their holdings and do not allow redemption...

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...
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