Sujit Bangar, founder, Taxbuddy.com, addresses the query of Namit Korgaonkar, who is asking whether his father should use ITR form-1 or ITR form-2.
A three-rate structure is very important and there is also a need to fix inverted duty structure as far as the GST is concerned, K V Subramanian said
National Pension System offers dual benefits of tax and retirement planning at the lowest cost
For the purpose of income tax, the tax authorities look at the share of each spouse as different assessees
As you advance in your career and grow older, your life goals change. The new goals also call for change in financial allocation.
A person can enjoy tax deduction of up to Rs 10,000 from his or her interest income received from a post office savings account under Section 80TTA
The tenure of a land loan can be maximum up to 15 years while it is available for a period of 30 years in the case of home loans
Capital gains are the profits earned by investors on their mutual fund investments when they sell the mutual fund units
An individual has to go the CSC of a post office and enquire about filing IT returns. A designated person will be there to help
Even if your income is below the exemption limit, filing of return is mandatory if you have overseas assets or deposits worth more than Rs 1 crore