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Tax filing deadline approaching, things to keep in mind
It is better to file your tax early as it will help to have peace of mind by avoiding penalties. It will also help in getting your refund if any.
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Personal Finance tasks that you must complete this month
The last date to link your PAN cards with Aadhaar is September 30, 2021. Post this deadline, your non-linked PAN may turn inoperative.
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IT Refunds: CBDT issues over Rs 67,400 crore worth refunds
CBDT has issued over Rs 67,400 crore worth refunds in five months of the current fiscal.
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Cryptocurrency Taxation: Confusion continues due to lack of classification
The key problem for taxation on cryptocurrencies is that there is no clarity on what they actually are— a currency, an asset, or something else.
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iPad not a computer, won’t depreciate at 60%: ITAT
In terms of claiming tax depreciation, the rate for a computer is 60% while for the rest of the gadgets is 15%.
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I-T Department refunds over Rs 51,000 crore between April-Aug
I-T department between April 1 and August 25, 2020, had issued refunds of over Rs 95,853 crore
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Income tax: How to choose between old vs new tax regime
The taxpayers now have two tax regimes - new and old - to choose from. Here's how you can select from the two.
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File ITR within original deadline to avoid interest penalty
"There is a misconception that if the deadline has been extended, there is nothing to worry about," said Anurag Jain, Partner, ByTheBook Consulting.
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TDS: Steps to take if excess deduction has been made
TDS: You can ask for a refund when the tax deducted does not match with your actual tax payable
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Complete guide on income tax benefits on home loans
For claiming deduction for pre-construction interest, the construction should be completed within 5 years from taking the loan
