If you have habit of making high value cash purchases (including jewellery/bullion) its time to shell out more money for your purchases. As per the recent Finance Bill 2017 (which is yet to be passed by the Parliament), you may have to pay TCS (Tax Collected at Source) @ 1% on your Cash purchases exceeding […]
ARE U MAKING CASH PURCHASES (INCLUDING JEWELLERY) EXCEEDING RS. 2 LAKHS? Read More »
The Income-tax Department has issued a new circular No 8/2013 dtd 10th October 2013. This circular provides the procedures to be followed for Tax Deduction at Source on Salaries during the year 2013-14 In this circular, the Income-tax Department has provided as follows :- 1) Where the House Rent Allowance (HRA) amount is than Rs
PAN of Landlord Mandatory for Claiming HRA (For rent exceeding Rs. 1 Lakh p.a) Read More »
The last date for filing Income-tax filing is fast approaching and you must be busy in compiling the details for filing the Income-tax returns. This checklist will be handy for you for compiling the details for your Income-tax returns. PAN Card Your PAN Card is the most important document required for filing your Income-tax returns.
Checklist for Filing Income-tax returns – Salaried Employees Read More »
ITR-7 e-filing utility for the A.Y.2013-14 (F.Y.2012-13) has been notified by the Income-tax Department for the First time. Till the A.Y.2012-13, ITR-7 was the only return which had the only option of filing hard copy of the Returns. Compared to the other e-return utilities, which were Excel files which can be used to fill the
ITR-7 e filing utility notified.. Read More »
