(As Published in First Post on February 25, 2014) It's like killing two birds with one shot. The tax base and revenue both increased after identifying and chasing those who failed to file income tax returns. The majority of tax defaulters are not afraid of being caught in general and small portion of them are ignorant. However, the income tax department is not going to leave … [Read more...] about Tax Notice To 21.75 Lakh Non-Filers: Here’S Why You Should Verify The Return Status
Can Your Tax Savings Buy A Valentine Gift?
(As Published in Economic Times on February 11, 2015) Valentine's Day is just two days away. What will you gift your beloved? Perhaps a diamond ring? Or a box of chocolates? Your choice will depend on how well you planned your finances during the year. If you were lazy and did not pay attention to your tax planning, the tax deducted from your salary would leave you with very … [Read more...] about Can Your Tax Savings Buy A Valentine Gift?
Deductions in Budget 2015 Will Make Senior Citizens Happy
(As Published in Economic Times on March 2, 2016) Salaried taxpayers must be delighted by the increase in tax saving investment limit announced in the budget. But the Rs 50,000 to be invested in the National Pension System under Section 80CCD will not be meaningful for those above 60. Seniors citizens hoping for a higher exemption and investment limits would have been … [Read more...] about Deductions in Budget 2015 Will Make Senior Citizens Happy
Tds On Recurring Deposits From June 1 Force Investors To Close Down Deposits Prematurely
(As Published in Economic Times on March 6, 2015) Days after the Budget announced that tax deducted at source (TDS) will also apply to recurring deposits, banks are witnessing a rush of investors closing down their deposits prematurely. Though it is fully taxable, the interest from recurring deposits is exempt from TDS. This only applies to interest from fixed deposits if the … [Read more...] about Tds On Recurring Deposits From June 1 Force Investors To Close Down Deposits Prematurely
Taxspanner Launches Professional Course For Income Tax
(As Published in Times of India on June 21, 2012) TaxSpanner, a website for e-filing of income tax returns, has launched India's first professional income tax course. The curriculum is a full-time 2-month course equivalent to 20 hours per week of coaching. It includes a 2-month guaranteed industrial training with TaxSpanner, during which those enrolled will be paid a stipend of … [Read more...] about Taxspanner Launches Professional Course For Income Tax
