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Know the process of filing a deceased person's ITR in our episode of Taxing Times
Fraudulent claim takers have been identified through software, now the Income Tax Department is sending notices to them.
If you do another job after one job or do some work yourself, then, you should definitely show this income in the income tax return. Failure to do so can result in heavy fines by the Income Tax Department.
Biometric Aadhaar authentication process to be started from Gujarat and Puducherry
Residential status is important in the matter of income tax. Before imposing tax on a person, his residential status is seen. The number of days a person stays in India determines his residential status.
If your income does not come under the purview of tax, then it is not necessary for you to fill ITR. However, there is no harm in filing ITR. The advantages of filing a return far outweigh the troubles.
If you too want an active lifestyle with peace and all amenities in old age then a senior living home can be a good option for you.
Repurcissions you will have to face if you don't disclose in your ITR profit generated from cryptocurrencies!
The increase in duty will not affect the common customers. But for the rest of the importers who import LPG, the basic customs duty has now increased to 15 percent.