Profit

Tax

  • Interest Rates Paid By Top Banks On Fixed Deposit Up To 1 Crore Rupees Compared
    While most banks today offer higher interest rates to senior citizens than the general public, the investor can choose from a number of maturity periods available as per his or her investment goal. Top banks today, from state-run State Bank of India to its private sector peers ICICI Bank, HDFC Bank and Axis Bank, pay an interest rate of 3.5-7.75 per cent on deposits of below Rs 1 crore in a fixed deposit of maturity period up to one year.
  • Government Extends Due Date To File GST Return Using Form GSTR-1
    The number of taxpayers who have filed form GSTR-3B is higher than the number of taxpayers who have furnished form GSTR-1, said the release.
  • Five-Year Fixed Deposit: Income Tax Benefits And Interest Rates Explained
    State Bank of India (SBI), HDFC Bank and ICICI Bank offer interest rates ranging from6.7 per cent to7.25 per cent to the general public on five-year deposits up to Rs 1 crore.
  • E-Returns By Salaried Assessees Increase 54%: Five Things To Know
    The Income Tax Department notified a 70.86 increase in the total number of income tax returns e-filed till August 31. The total number of ITRs e-filed up to August 31, the extended due date announced by the taxman a month ago, stood at 5.42 crore as against 3.17 crore in the corresponding period a year ago.
  • 71% Surge In Income Tax Returns Filed Till August
    The total number of ITRs e-filed up to August, 2018, was 5.42 crore as against 3.17 crore up to August 31, 2017, marking an increase of 70.86%.
  • Have You Filed Your Income Tax Return? Five Things You Need To Know
    Filing the income tax return after the due date of August 31, set by the Income Tax Department, will attract penalty charges up to Rs 10,000. The Income Tax Department has time and again urged the assessees to file their income tax return before the due date to avoid last minute rush. The Income Tax Department had earlier this week extended the due date for assessees in flood-hit Kerala by 15 days.
  • Income Tax Return (ITR) Filing Deadline Ends In 2 Days. Here's Your Last Minute Checklist
    ITR filing: The Income Tax Department has also mandated the public to verify the income tax return after submitting it.
  • Income Tax Return (ITR) Filing Deadline Just Three Days Away. 5 Things To Know
    Income tax returns (ITR) filing: Filing ITR after the due date, which is August 31, 2018, will invite penalties from the income tax department.
  • ITR Filing Deadline Extended For Kerala: Here Are 5 Latest Developments
    Kerala floods: The due date for filing income tax return (ITR) for assessees in Kerala has been extended to September 15 on account of devastating floods. The heavy rains and subsequent floods have led to destruction of life and property in the state, reported news agency Press Trust of India (PTI). The new deadline of September 15, the CBDT said in its statement, is applicable to taxpayers in Kerala who were "liable to file their Income Tax Returns by 31st August, 2018".CBDT had earlier extended the 'due date' for filing of income tax returns from July 31 to August 31, this year for salaried employees, which has now been extended by 15 days.
  • How To Apply For PAN Card, Check Application Status Online
    Applications to obtain a PAN card or make changes/correction to date fed into an existing PAN card can be made online, according to Income Tax Department's website -incometaxindia.gov.in. Applicants can also check the status of their PAN request online. PAN or Permanent Account Number enables the Income Tax Department to link all transactions made by an individual with him or her. In other words, PAN acts as an identifier for the person with the Income Tax Department.
  • Income Tax Return Due Date Extended For Assessees In Kerala
    The new deadline of September, the CBDT said in its statement, is applicable to taxpayers in Kerala who were "liable to file their Income Tax Returns by 31st August, 2018". For other assessees, August 31 stands the last date to file income tax return for assessment year 2018-19 without having to bear any charges.
  • Income Tax Return: How To Maximise Income Tax Benefit Under Section 80C
    Section 80C of the Income Tax Act offers one of the most common deductions available to salaried individuals, say experts. Section 80C of the Income Tax Act provides for income tax deductions up to Rs 1.5 lakh in a financial year. This benefit can be availed by investments in a variety of tax-planning instruments, including life insurance premium, EPF (Employees' Provident Fund) contribution, five-year fixed deposit and investment in ULIP or unit-linked insurance plan.
  • Penalty Charges You Have To Bear For Delayed Income Tax Return
    Belated income tax return: The taxman has stipulated a penalty amount ranging from Rs 5,000 to Rs 10,000 for filing of income tax return for assessment year 2018-19 after August 31, 2018. The amount of money charged as penalty or fine for a belated ITR increases based on the degree of delay.
  • Income Tax Return (ITR) Filing: Tax Slabs, Rates, Exemption Limits And Other Details
    Income Tax Return (ITR) Filing: Individuals looking to avoid paying any penalty charges on the income tax must pay the ITR by August 31, 2018.
  • From Form ITR-1 To ITR-V: Eight Income Tax Forms You Need To Know
    For filing of income tax return, the Income Tax Department has provided seven forms - named ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7, and one form - ITR-V - for verification, according to its website - incometaxindia.gov.in. These tax forms are applicable for assessment year 2018-19, which means they relate to income earned in financial year 2017-18, according to the Income Tax Department. Here's all you need to know about income tax return forms.

................................ Advertisement ................................

................................ Advertisement ................................