rediffGURUS Hardik Parikh, Tejas Chokshi, Mihir Tanna and Sanjeev Govila answer your tax related queries.
Those who want to invest should consider their risk appetite. Youngsters may go for it as they have a longer horizon to recover from a setback.
'Young investors with limited funds should ensure that investing in NPS does not crowd out their other, more liquid, investments.'
If you are overweight on fixed-income instruments, go for ELSS, and vice versa.
When stars travel, they make lovely pictures on social media.
Get a new QR code from an alternative provider. PhonePe, Google Pay, Pine Labs, etc are some of the other service providers.
Boman shares a BTS from Chandigarh... Amitabh supports a young talent... Hina leaves New York...
However, the department has not changed ITRs significantly, considering Covid-19 crisis.
When the subscriber reaches superannuation or the age of 60, 60 per cent of the total corpus accumulated in NPS can be withdrawn as a lump sum.
Look at the sanctioned plan to know the exact carpet area you will get and pay a law firm to conduct a thorough title check.
Neha is off to the Maldives... Parineeti tucks in momos... Esha goes to Venice...
When stars travel, they make lovely pictures on social media.
The impact of currency depreciation can also be mitigated by holding a portion of your investment portfolio in dollar-denominated assets.
Grandmaster Aravindh Chithambaram emerged champion in the 22nd Dubai Open chess tournament in Dubai on Sunday, with 7.5 points as seven Indians finished in the top 10 with R Praggnanandhaa sharing second spot with five others.
Failure to disclose any income can lead to penalties and legal issues.
The Income Tax department has notified forms for filing I-T returns for 2020-21 fiscal, the Central Board of Direct Taxes said on Thursday. "Keeping in view the ongoing crisis due to COVID pandemic and to facilitate the taxpayers, no significant change has been made to the ITR Forms in comparison to the last year's ITR Forms. "Only the bare minimum changes necessitated due to amendments in the Income-tax Act, 1961 have been made," the Central Board of Direct Taxes (CBDT) said in a statement. The Income Tax returns (ITR) forms ask taxpayers if they are opting for a new tax regime.
Many senior citizens fail to disclose certain incomes like interest, commissions, or dividends in their ITRs.
The choice should depend on the size of the retirement corpus, stage in life, and state of health.
Those spending over Rs 2 lakh on foreign travel, incurring more than Rs 1 lakh electricity bills, or depositing over Rs 1 crore in current account will have to mandatorily file ITR even if their total income is below the taxable limit. The last date for filing has been extended to Nov 30 from Jul 31.
Parineeti Chopra is holidaying in the Maldives with parents Pawan and Reena and brother Shivang.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The finance ministry has introduced simpler income tax return forms 'Sahaj' and 'Sugam' aimed at reducing compliance burden on salaried persons and small businessmen.
While Bollywood stars and their children have posted some loved-up pictures on Raksha Bandhan, there's a whole lot more!
Guide to the new income tax return, ITR, forms Sahaj and Sugam to help you identify which ITR form to pick for filing your tax return in 2011.
The Income Tax Return Form-1 (Sahaj) will replace the 7-page form, removing a plethora of columns on deductions from income claimed.
Two years after the Centre's flagship village electrification scheme Saubhagya concluded with the government claiming 99.9 per cent success, several states have added close to 1.1 million rural households that remain to be connected to the electricity grid. This new list includes earlier unwilling households that have now agreed to have a metered connection and also those built or discovered in the states' surveys since 2019. Assam and Uttar Pradesh are the states that have the majority of such new additions.
Usually, the Income Tax Department notifies the ITR forms in the first week of April of the relevant assessment year. However, in contrast to the old practice, it has notified two ITR forms ITR-1 and ITR-4 for the assessment year 2020-21 in the first week of January.
Grandmaster Abhijeet Gupta won the London Chess Classic's open section with a hard-earned win over GM Keith Arkell of England while International Master Sahaj Grover pulled himself to the second spot after the final round of the event concluded in London.
Investor wealth has jumped by over Rs 12.31 lakh crore in three days, taking the market capitalisation of all BSE-listed companies to a record Rs 198.43 lakh crore on Wednesday as equities continued their Budget-driven rally. The BSE benchmark Sensex closed above the historic 50,000 mark for the first time ever on Wednesday. The 30-share benchmark closed with a gain of 458.03 points or 0.92 per cent at 50,255.75. During the day, it zoomed 728.67 points to its lifetime high of 50,526.39. In three trading days, the benchmark has gained 3,969.98 points or 8.57 per cent.
Sitharaman said that the government keeps 'Antodaya' (development of all) at the centre of all its programmes.
The tax department has released the software for preparing the Income Tax Return forms -- ITR 1-Sahaj, ITR 2, 2A and 4S-Sugam
The current 3-page form is simplified version of an income tax return form after removing mandated disclosure of foreign trips and dormant bank accounts introduced two years back.
Namrata Thakker takes a look at some of the cutest kiddie pictures of Bollywood's star brigade.
If an assessee misses the December 31 deadline, s/he can file a belated tax return by paying a late filing fee. 'This must be done within three months from the original filing date.'
New ITR forms indirectly force small businesses to maintain books of accounts, something that wasn't needed earlier, says Anupam Jain.
Send us pics of your Raksha Bandhan celebrations with your sibling and we'll publish the best ones.
Care comes from a place of 'What is good for my child's development?' Care is a long-term view of the child's flourishing in life. Care is a sacred activity and it begins at home.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Sahaj Grover, Y Sandeep, V A V Rajesh and N Srinath topped their respective groups in the fourth round
Here's how the stars are celebrating raksha bandhan this year!
