Once the ITR is submitted and verified by the tax payer, the department goes through every return in automated/manual fashion to check if everything was correct and matches with the data available with them. In case they find a wrong/doubtful entry or have further questions about any declared or undeclared income or deduction or exemption, …
Received Income Tax Notice – Here how to Respond to it Read More »
Everyone hates paying taxes and always are on lookout for Options to Save Tax. However the income tax rules in India are complicated and its becoming more so in recent years. Budget 2020 introduced the concept of New Tax Regime, then there were several changes to the laws in 2020. Thankfully Budget 2021 has been …
Have you Explored all Options to Save Tax for FY 2021-22? Read More »
Is SIP a Mutual Fund? What is the difference between Mutual Funds Vs SIP? These were some of the questions I was asked by some one close to me and obviously not financially savvy. I think SIP or Systematic Investment Plan have been marketed so well by mutual funds that it has been misunderstood by …
Is SIP a Mutual Fund? & 13 Common Myths about SIP Debunked Read More »
Since the amount disclosed in income chargeable under the head salaries is less than 90% of Salary reported in TDS 1, please ensure to fill details in Others in Exempt Income – an error that many of salaried tax payers are facing while filing their income tax returns. In this post we tell you why …
Generating regular monthly income with low risk is a priority for many especially people who have retired or new entrepreneurs who need regular income until their business stabilizes. In this post we list down 12 investments which can help you generate your required monthly income.
