Plan Your Investment

It is time for getting ready with the investment proofs which is declared by you at the time of financial year beginning. For the salaried people, the month December will be busy in submitting the proofs for all your investments and future investment till the march month. This task is easy for those who are [...]

In my previous article I have explained about How to use ITR -1 form? and also I have added brief explanation on the new announcement from the finance minister that there is no ITR filing is required for the income group less than Rs. 5 lacs. In this article, I would explain that in more [...]

Under the Income tax act, the rule 114B indicates that what are the transactions which requires the compulsory submission of the PAN card. The Central Board of Direct Taxes (CBDT) has added two more transaction under this rule to submit the PAN card. The following are the two transactions: If any purchase of Jewellery worth [...]

In this article I will be writing about the tax exemptions for the home improvement loans. I have written many articles related to the home loans and income tax benefits. There are two sections talking about the home loans and tax exemptions related topics. One is Section 80c (Home Loans Principal Payment) and another one [...]

In my previous articles I have explained the details about the IT returns and why filing IT returns is very important. I have not mentioned anything about the filing IT returns online by using the website. In this article I will be writing about one of the popular website in that area and it is [...]

Tax Savings Fixed Deposit I have written posts about the tax savings fixed deposit and why the fixed deposit is good for the monthly income. This will be suitable when the interest rates of the fixed deposit is high. In the recent times, all the banks have reduced the fixed deposit interest rates very low [...]

It is hard time for the salaried people. Income Tax India has just send the notification for collecting the tax for perquisites availed by the employees since 1st April, 2009. We already know that budget 2009-10 announced the removal of Fringe Benefit Tax(FBT) , but, the exact rate at which it will be collected is [...]

Introduction In this article I will be writing about how to find the status of ITR V form. You have to submit the ITR V form to the Income Tax office in Bangalore to complete the e-filing of Tax Returns. The time limit for submitting the ITR V has been extended to September 30, 2009. [...]

Introduction In this article I will be writing about the steps to get the PAN card while you are staying in abroad. It is simple to get the PAN card even if you are NRI staying in the abroad, you need not come to India for applying the pan card. This blog post explains the [...]

In this article I will be writing about the income from house property. If you have a individual house or appartment which you gave for the monthly renatal, the income arise from such property is considered as the other income and will be shown in the income tax returns. But, there is deductions and calculations [...]