All stories by Bindisha Sarang
Alert! Cheque Bounce May Land You In Jail
Rediff.com18 May 2023Keep sufficient funds in your bank account until the cheque is cleared.
Why Travel Insurance Is A Must
Rediff.com16 May 2023If 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.
Buying A Joint Property? Know Tax Rules
Rediff.com11 May 2023'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.'
Donations to lower tax slab can make taxman see red
Rediff.com2 May 2023The Income-Tax (I-T) department has issued around 8,000 notices to salaried employees, self-employed individuals, and companies who made significant donations to charitable trusts. The department suspects potential tax evasion, as records of these donations do not correspond with the income and expenses of those making them. Sandeep Bajaj, managing partner, PSL Advocates & Solicitors, says, "Notices were issued for donations made during the assessment years of 2017-18 through 2020-21."
Differing Tenures FDs: Time To Lock In
Rediff.com2 May 2023Instead of only focusing on the tenure for which the best interest rate is available, investors should also focus on their own investment horizon.
Confused About Buying Or Leasing A Car?
Rediff.com26 Apr 2023The advantage of leasing is that you can get a new car every few years. You can also get to drive a high-end car without paying its entire price.
How Family Can Help You Save Taxes
Rediff.com20 Apr 2023Did you know that an individual can, in addition to the tax benefits she/he is entitled to, also leverage the benefits available to family members to reduce this liability?
What You Must Know About Advance Tax
Rediff.com21 Mar 2023Salaried persons whose liability is fully deducted as tax deducted at source by their employer need not worry about advance tax payments, unless they have other sources of taxable income.
Women, Take Charge Of Your Finances!
Rediff.com17 Mar 2023There are millions of Indian women who avoid the responsibility of managing their finances due to a variety of reasons, including cultural and social conditioning.
NPS: Best For Retirement, Tax Saving
Rediff.com6 Mar 2023NPS is a cost-effective instrument with low fund management and other fees. Unlike in mutual funds, investors get the benefit of tax-free rebalancing here.
Leave Encashment: What You Must Know
Rediff.com17 Feb 2023'The number of leave accumulated sometimes goes up to 300.' 'The encashed amount is equivalent to almost 10 months' salary.'
Old Or New Tax Regime: Which Is Better?
Rediff.com13 Feb 2023'If a taxpayer opts for the new tax regime once, he can only switch back to the old tax regime once in his lifetime.'
New tax regime can help you save more in taxes. Here's how
Rediff.com10 Feb 2023Several changes were made to the new income-tax regime in Budget 2023. The old income-tax regime was not tinkered with and is still available.
Want To Rent Your Place? Read This
Rediff.com3 Feb 2023Don't download a rent agreement from the Internet or sign blindly on one prepared by the broker.
Taxes, incentives, reforms: How to read this year's Budget document
Rediff.com23 Jan 2023Finance Minister Nirmala Sitharaman will present the Union Budget for 2023-24 in Parliament on February 1. The Budget is a statement of the government's estimated receipts and expenditures for a fiscal year (April 1 to March 31). It's divided into Revenue and Capital Budget. The Revenue Budget includes the government's revenue receipts and expenditures while the Capital Budget includes its capital receipts and payments.
What NRIs Need To Know About Form 10F
Rediff.com16 Jan 2023'Many non-resident taxpayers faced issues in filing Form 10F since the portal didn't allow those who didn't have PAN to file the form.'
Opting For No Cost EMI? Check Out Hidden Charges
Rediff.com27 Oct 2022'If you wish to make a big-ticket purchase on EMI without having to pay additional charges, no-cost EMI would be the right choice for you.'
Tokenisation to interest rates: All about RBI's new credit card rules
Rediff.com11 Oct 2022The Reserve Bank of India's (RBI) new rules for credit and debit cards came into effect from October 1. These include tokenisation, one-time password (OTP) for activation after 30 days, written permission for enhancement of credit limit, and greater clarity on interest calculation.
All you want to know about advance tax
Rediff.com13 Sep 2022September 15 is the deadline for paying the second instalment of advance tax. This is income-tax (I-T) taxpayers need to pay every quarter, instead of a lump sum at the end of the year. Ashutosh K Srivastava, senior associate, SKV Law Offices, says, "The tax has to be usually paid when income is earned. "Nonetheless, according to the I-T Act, the taxpayer has to estimate his income for the entire financial year. Based on that, he/she pays tax at specific intervals."
Legal Heir Must File Deceased's IT Return
Rediff.com1 Aug 2022If an ITR is not filed or the tax due is not paid on the deceased person's behalf, there can be penal consequences.