It is important to have the necessary documents on hand to verify the information in the form.
Many senior citizens fail to disclose certain incomes like interest, commissions, or dividends in their ITRs.
Penalties for non-disclosure or inaccurate disclosure of these details can be severe.
'Don't wait until the last minute. Instead, cultivate the habit of monitoring your Form 26AS throughout the year.'
Instead of being guided only by returns, investors should also factor in the risks of lending on these platforms.
If you have any grievances or disputes regarding the demand stated in the notice, consider seeking professional help.
Only a small percentage of passengers who traveled on the trains involved in the June 2, 2023 accident in Odisha had availed of travel accident insurance while booking their tickets online on the IRCTC portal.
During the trip, check your bank account and credit card statements regularly for unauthorised transactions.
'If something unfortunate happens to an earning member, the family loses the crucial income which would have gone towards paying off debts, meeting the cost of children's higher education, or towards the upkeep of elderly parents.'
The choice should depend on the size of the retirement corpus, stage in life, and state of health.
Employees should review the accuracy and completeness of the information provided in Form 16. They should confirm that all the tax deducted has been credited correctly.
Senior citizens should avoid putting their entire retirement corpus in SCSS.
Begin by creating a household budget. Involve all family members in the exercise and cut costs wherever possible.
Remember, pension from EPS will be taxable at slab rate, reducing the post-tax income for people who remain in the higher tax brackets after retirement.
Keep sufficient funds in your bank account until the cheque is cleared.
The rally in silver may continue if the global economic recovery remains on course.
If your flight is cancelled or delayed or you miss one, a travel insurance policy can cover the costs at such times and help you book a new one.
'Starting an SIP now and continuing with it is likely to translate into high returns over the long term.'
'Individuals can consider dividing ownership of properties between related persons to ensure that the sale transactions are below the Rs 50 lakh limit and therefore not subject to TDS.'
'Non-par plans returns are not market-linked. Hence, they can offer guaranteed returns.'
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