There are several specific things which should be correctly reflected on the TDS certificate issued to you. Discrepancies can land you in a soup.
As per the existing tax laws, a return filed by the taxpayer is not valid until it is verified as filed by the concerned assessee.
Long-term capital gains and short-term capital gains are taxed at different rates as per I-T laws. Here's how you can calculate payable tax on your gains.
A proper step by step methodology can help an assessee calculate his capital gains instead of hiring the services of a chartered accountant.
Although the last date to file ITR for individuals is July 31, it helps to start work on your income tax return now so that one is not rushed at the last minute.
The Finance Minister yesterday has proposed to levy a surcharge of 10% on income tax payable by those having taxable income from Rs 50 lakh up to Rs 1 crore.
You can claim deductions from your gross total income by investing in avenues specified by the government.
Most people invest in life insurance policies, PPF, ELSS in order to avail this deduction, but there are other options too worth considering.
The declaration can be made regarding unaccounted cash or deposits held with RBI, banks, head post office or sub post office or any other notified entity.
However, the final decision on whether to grant immunity or not rests with the concerned tax authority where you have appealed for the same.
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