Few days back we had a discussion about 3 different types of Investors. Today we will discuss about 3 types of Income. What is Income? In simple word income is sum of wages, salary, profit, interest, commission, rent of other form of earning received in given …
The New Form No. 15G and 15H is applicable to all Tax payees who do not want TDS Deduction on their Income from Fix deposits of Bank/company, postal fix deposit, Senior citizen Saving Scheme. When can you submit form 15G/15H? Depositor whose tax liability is NIL …
Raviraj Parekh February 15, 2013 Suresh, currently employed with MNC Company in Mumbai, is staying in a rented apartment in Mumbai and has bought himself a property in Ahemedabad for which he has taken a home loan. Now he is in confusion while filing tax returns – “Can I claim both HRA …
Raviraj Parekh January 28, 2013 In today without income it is very difficult to live for anyone, thus Income is important part of our life. We do various things in order to generate income like job, business etc. But do you know types of incomes and which one is best? Let …
The Income Tax department has started sending out letters on refunds to taxpayers. If you have paid an extra tax, and also filed returns online and wondering what happened to your returns, you can simply check for the status online or via phone. The processing time …
