The government is making every effort to stop tax evasion. New technology is being used. What methods is the government using to detect tax evasion? How can businessmen get notice regarding mismatch of income tax return and GST return?
Filing ITR is the most crucial financial task you undertake in a year!
The stock market is rising and so is the value of mutual funds.
Many people earn a lot from interest on fixed deposits, recurring deposits and savings accounts. Is it necessary to declare interest earned in income tax return? How will the interest received from FD be taxed? What action can be taken if interest income is not shown in ITR?
Employees get gifts or bonuses on Diwali, but many people are unaware about the associated tax rules? How much tax is levied on the bonus received from employer on Diwali? When and how much tax is levied on office gifts?
Did you know you can get tax exemptions on house rent even if you don't receive HRA from your employer!
Can a father give a home loan to his son to buy a house? Can the son avail tax exemption on the home loan taken from his father? What things will be required for availing tax exemption?
The bride and groom receive many expensive gifts at the wedding. What tax is to be paid on wedding gifts? When will tax be imposed on wedding gifts?
How are earnings from assets like shares or mutual funds taxed? How to save long term capital gains tax under Section 54 and Section 54F? What things should be kept in mind while filing for tax exemption?
The Reserve Bank i.e. RBI issues sovereign gold bonds on behalf of the government. How is Sovereign Gold Bond better than gold? What is the tax on interest received from Sovereign Gold Bond? What will be the tax on pre-mature redemption of gold bonds? How much tax will be charged on the money received on maturity?