Income Tax New Guidelines: How you can benefit from amendment in Income Tax Act, know- here

Income Tax New Guidelines: The Income Tax Department has relaxed many norms for taxpayers to make them more liberal. Taxpayers are those who contribute heavily to the government’s efforts to stimulate the economy. The Central Board of Direct Taxes (CBDT) has recently issued revised guidelines for compounding of certain offenses under the Income Tax Act, […]

Income tax notice may be served on these high value transactions check for details

Income Tax Notice: Every taxpayer should report all his sources of income, transactions and investments while filing income tax return. Especially, if you do any high-value transaction, then definitely keep in your mind that you will have to mention it in the ITR. If you have not given its record in this year’s ITR, then […]

ITR Refund 2022: Income Tax Refund Not Received Yet? Know here how to check status

ITR Refund 2022: Income Tax Refund Not Received Yet? Know here how to check status After filing income tax return, the wait is for refund. The deadline for filing income tax returns for the financial year 2021-22 and assessment year 2022-23 was July 31, 2022. The IT department has sent refunds to many taxpayers, but there are […]

Good Systematic Withdrawal Plan for Fixed Income Every Month! Know its benefits

Mutual funds are not only a great option for investment, but if you need some cash every month or after a certain period, then mutual funds also give a better option. This option is called Systematic Withdrawal Plan (SWP). It is different from Systematic Investment Plan (SIP). Today we are giving you detailed information about SWP. Generally, people […]

ITR: Good news for income tax payers, Income Tax Department gave this big relief

Income Tax Return: Every year people have to file Income Tax Return in the country. Individual income tax payers had to file income tax returns for the financial year 2021-22 by 31 July 2022. At the same time, the Income Tax Department said that taxpayers who file income tax returns within the stipulated time can […]

EPF: What is the maximum one can invest in VVF for tax-free interest income?

EPF (Employees Provident Fund) will get 8.1 percent interest in the financial year 2021-22. This is 0.40 percent less than the financial year 2020-21. Despite this, it is higher than other instruments with fixed returns. The government has announced the interest rate for the financial year 2021-22 for EPF (Employees Provident Fund). During this, EPF […]