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News: Barack Obama releases tax return in challenge to Romney


US President Barack Obama released his tax return on Friday, showing that he earned nearly $800,000 last year, leveraging the annual rite to launch...
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Business: All about the new income tax return form


Income Tax Return forms in India are like the Golmaal series of movies. Every two years there is a new one.
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Business: Now pay income tax through ATMs!


Forget the never-ending forms and the paperwork, be ready to pay your taxes at your nearest ATM
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News: Income Tax Rules for Non-Resident Indians (NRI’s)

Finally you have made your mind to come back to India! What are your intentions now? Are you eager to permanently stay and start searching for your...
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News: New Income Tax Code proposes 10% tax on income up to Rs. 10 lakh

Union Finance Minister Pranab Mukherjee released the New Draft Direct Tax Code, bringing significant changes in the tax structure. The new code has...
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LetsDiscuss: Fill MICR code in ITR and Get early refund ??

Friends,Now the season for finalization of Income tax return. Every body wants to file their return on time ,specially those who has a refund in th...
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Business: Learn More About Income Tax Tips

Finally, individuals can use their status to income tax benefit. If you are married, for example, you can choose to file income tax jointly or sepa...
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Business: Income Tax Return Refund Rebate Tips

Before filling for income tax, make sure all your records are availed to the tax professional to ensure that you get the best income tax deal while...
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Business: Income Tax saving idea : ELSS Mutual funds & ULIPS

Under Income tax Act section 80(C), you can reduce your taxable income by Rs 1,00,000. Investments in ELSS mutual funds & ULIP plans come under sec...
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Business: Income Tax info & Calculator 2008 - 2009

Below given are the different tax slabs information. Please check which category you fall into.
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Business: Can A.O Force You To Give Balance Sheet For Six Years In Tax Scrutiny Proceedings ?

Under Income Tax Act , every tax payer is not required to maintain balance sheet. So ,can A.O ask for your balance sheet in case return of such pe...
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Business: Why Should You Not Surrender PAN?

There is no provision of surrender of PAN because PAN has no relationship with any business or income. PAN - Permanent Identification Number - is a...
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Business: Can Employer Decline To Issue Form 16?

Confusion arises among employees regarding Form 16 is on following grounds : * That they think Form 16 is a salary certificate. * That ...
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Business: What Should Be Done In Case TDS Certificate Is Not Issued?

There is a general grievance that in many cases the tax deductors do not issue TDS certificate despite the fact that many reminders are given by t...
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Business: How To Know If Stipend or Scholarship or Fellowship Awarded To You Is Tax Exempt?

The stipend or fellowship or scholarship are money or benefit one receives for certain specific reasons. That the income in the nomenclature "Stipe...
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