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Fixed Deposit in Name of Wife: Clubbing,Tax,TDS, ITR,Refund

Jul 19, 2015

Often we have seen People opening Fixed Deposits in the Name of wife especially if the wife is home-make. He thinks that this would be reduce his total income and he will not have to pay tax on that. His wife can, in turn, invest the money in a bank fixed deposit and...

Changing Jobs and Tax, Form 12B

Jun 29, 2014

People change jobs these days, unlike days of our parents when people joined companies and worked there till retirement. Changing jobs often leads to a situation where an individual gets tax exemptions twice from his earlier employer as well as from his new employer....

What to Verify in Form 26AS?

Jul 24, 2013

Verify your Form 26AS, all income tax articles insist and rightly so. But what to verify is question that we have come across in our discussions. This article gives an for an individual an overview of Form 26AS, why is it important, how to view it and what information...

Viewing Form 26AS on TRACES

Jan 5, 2013

In our article TDS, Form 26AS and TRACE  we explained about the new initiative of Income Tax Department (ITD) for  information about Tax Deducted at Source (TDS) called  TRACES or TDS Reconciliation Analysis and Correction Enabling System.  TRACES  has been created to...
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