Category: Tax Matters

The deadline for Income Tax Return (ITR) filing for FY 2016-17 (AY 2017-18) has been extended to 5th August 2017 from 31st July 2017.   It has come as a relief for a number of taxpayers who were facing problems due to multiple changes made in the procedure lately. These changes include the mandatory linking […]

While most of us have one or more savings accounts, very few would be aware of the interest earned and calculate the tax implications around them. Most banks offer an interest rate of 4% on savings accounts. However, this may go as high as 7% under certain schemes offered by some banks. The interest earned […]

31st July 2017 is the last date for filing Income Tax Returns (ITR) for the Financial Year 2016-17 (Assessment Year 2017-18). Filing ITR can be a complex process and preparing for it last minute may result in mistakes that might have negative impact on your finances. Some non-disclosures and inaccuracies might also expose you to […]

The Income Tax Department has released an e-service module named Aaykar Setu with an aim to educate the masses on income tax payments, return filing and other processes. The module is also available for desktops apart from the android app. Users can get their queries related to tax matters resolved from experts online. Read more […]

The due date for filing Income Tax Return (ITR) is inching closer and a number of taxpayers are still confused about where to start. Filing ITR is a complicated process given the need for detailed documentation. One such crucial document is Form 26AS which is used to cross check your tax credits during the financial […]

Central Board of Direct Taxes is reportedly working on introducing an easy income tax regime that will offer increased facilities to high income tax payers. For a long time now, government circles have held a strong view that since 80% of the country’s direct tax is paid by 20,000 individuals, they should be accorded with […]

This year, July 31st is a pretty important day – it is after all the last day for filing Income Tax Returns (ITR). Moreover, filing ITR has been made much easier for salaried individuals this year through the Sahaj (ITR-1) form. However, more often than not, many of us tend to wait till the very […]

On Friday, the government announced that the interest rates for the small saving schemes including Public Provident Fund will be lowered by 0.1% for the April-June quarter. The new rates will be effective from April 1, 2017. The interest rates for the five year National Savings Certificates (NSCs) and Public Provident Fund (PPF) will reduce […]