income tax filing

FILE INCOME TAX RETURNS

FILE INCOME TAX RETURNS File income tax returns on time or pay fine. Income Tax department had announced 31st July, 2018 as last date for filing returns for all Tax payers in the Country. Due date for Filing the return: The due date of filing of return of income in case of individuals / HUF […]

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income tax payers information, pay income tax

Income Tax payers information

Income Tax payers information Report your interest income from savings/ fixed deposits account: These amounts can be directly mapped from the individual’s bank account statement and from 26As. “Non reporting / under reporting of these amounts are apparent cases of tax evasion and calls for further investigation. Further, at times taxes are also deducted on […]

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PRADHAN MANTRI VAYA VANDANA YOJANA

PRADHAN MANTRI VAYA VANDANA YOJANA – Revised plan 2018 Pradhan Mantri Vaya Vandana Yojana plan is only for age 60 and above Indian Citizens as announced by Government of India. This is a Government subsidized scheme and will provide assured returns of 8% p.a. payable monthly (effective yield of 8.30% p.a.) on pensioner surviving policy […]

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Equity Linked Savings Scheme – ELSS

Equity Linked Savings Scheme – ELSS  is well known that equity as an asset class has the potential to earn inflation beating returns. So, when it comes to tax savings, one should ideally make the most of using the tax deductions available towards equity based investments. Equity-Linked Savings Scheme (ELSS) qualifies for tax deductions under Section 80C of the Income […]

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income tax, income tax rules, sales tax, gst, lic tax saving plans

Important Key Rules of Income Tax Act

Important Key Rules of Income Tax Act FY 2017-18    Section 44ADA Professionals (Such as legal, medical, engineering, architecture, accountancy, technical consultancy, interior decoration) can opt for presumptive tax. Presumptive income is calculated as 50% of gross receipts. Of course, his net income is less than 50% of gross receipts, he can exercise the option […]

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NATIONAL PENSION SYSTEM

  National Pension System – NPS  is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. Under the NPS, the individual contributes to his retirement account and also his employer can also co-contribute for the social security/welfare of the individual. NPS is designed on Defined contribution basis wherein the subscriber contributes to his account, there is […]

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tata pe fund, mutual funds, equity fund,

TATA EQUITY P/E FUND

TATA EQUITY P/E FUND Tata Equity P/E Fund follows the value-conscious style of investing. With no market-cap bias, the fund invests at least 70% of the net assets in shares which, at the time of investment, have a rolling P/E ratio lower as compared with the rolling P/E ratio of the S & P BSE […]

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