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Senior Citizen Savings Scheme, SCSS : Extension, Interest rate
The Senior Citizen Savings Scheme (SCSS) is suggested as one of the alternatives for the elderly to invest their money,…
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What are National Savings Certificate (NSC)
National Savings Certificates or NSC, from Indian Postal Service is used for small savings and income tax saving investments in…
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CBDT instruction- TDS credit also be given based on proof of TDS payment by deductor
One of the major issues of concern for the taxpayers is the non-credit of TDS for the online platform, named…
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How to Calculate Income Tax
“Everything about filling income tax return is taxing“, replied my colleague, “I just don’t know what information is required and…
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Senior Citizen,Fixed Deposits and Tax
We regularly get queries regarding Senior citizen Fixed Deposit. My father/mother is retired. He has a fixed deposit with a bank…
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TDS, Form 26AS and TRACE
TDS or Tax Deducted at Source, is one of the modes of collection of taxes, by which a certain percentage is…
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FAQ on Tax and Fixed Deposits
Fixed Deposit(FD) is an investment product which allows you to invest a lump of money for a fixed time period…
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Filling ITR-1 : Bank Details, Exempt Income, TDS Details
In our earlier article Filling ITR 1-Form we filled Part A:Personal Details, Part B: Gross Total Income, Part C : Deductions and Taxable Total Income…
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Basics of Income Tax Return
In this article we shall try to understand about Income Tax return?What it is? Why is it needed? How does…
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Understanding Form 16: Tax on income
In our earlier article Understanding Form 16: Part I and Understanding Form 16: Chapter VI-A Deductions we had found the Employee’s taxable income after…
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Understanding Form 16: Part I
Form 16 is a certificate issued by employers, giving details of employees’ TDS (tax deducted at source) usually by mid-June and is…
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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…
