LTC Cash Voucher Scheme can prove effective in saving Income Tax On 12 October, the central government announced an income tax-free cash voucher to its employees in lieu of LTC. Employees can use these vouchers to buy products on which the GST rate is 12 percent or more. The objective of this initiative is to …
Savings are a good habit, but can only your savings fulfill your future needs, then the answer is yes, if saving in a smart way, you can fulfill your life goals. Can. Like suppose you want to become a millionaire. For this, which investment option will you have to choose to become a millionaire as …
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has clarified this in its recent order. This will allow accurate calculation of capital gains or losses. The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), in its recent order on the tax on capital gains from the sale of houses, has clarified that …
Document The good news for millions of taxpayers who have given declarations under the Vivad Se Vishwas scheme, and want to add some changes or improvements or something to it. The IT department has given answers to all such questions in its new FAQs set. You also understand. If you have given the Declaration under …
PAN card is currently the main instrument for financial transactions. PAN is use like a ID card. If you work in organized sector then it is necessary to have PAN card to get salary. It is a 10 digit alphanumeric number that everyone wants to understand. You will also have a PAN card, in which …
Document PAN card has become a very important document in our life. PAN card is mandatory from opening a bank account to depositing income tax and taking a loan. Without this, many of your financial work can get stuck. With the help of Aadhar card, e-PAN will be issued in minutes. We are going to …
The Income Tax Department has given a big gift to the taxpayers before Diwali. The Income Tax Department has so far issued a refund of Rs 1.29 lakh crore to taxpayers. This year’s Diwali of Taxpayers has become spectacular with this amount received before Diwali. Nearly 40 lakh taxpayers get refund According to the Central …
Document Most of us think about tax saving when it comes time to file income tax returns. In this also, we cannot think further than the relaxation of 1.5 lakh rupees only available under section 80C. The limit of 1.5 lakh rupees is fulfilled by including ELSS, life insurance, school fees, etc., after this we …
You can file your returns sitting at home within minutes. The government has now reduced the last date of income tax return to 31 December 2020. These documents have to be kept close You will have to keep many documents such as PAN Card, Aadhaar Card, Form 16 (Form 16) or Form 16A to file your return …
The provisional payroll data published by EPFO on 20th October 2020 reveals that the subscriber base of EPFO increased by around 20 lakh during the first five months of FY21. Covid-19 pandemic and subsequent lockdown across the country had adversely affected the enrolments during the first quarter of the current financial year. However, the provisional …