(As Published in Economic Times on July 11, 2016) If we have the choice of paying for a service or getting it for free, most of us will choose the second option. After all, why shell out money for something that can be done at no cost? This is why a majority of taxpayers opt for filing their tax returns for free. However, taxpayers who opt for the free option may be paying a … [Read more...] about The Real Cost Of Filing Tax Returns For Free
Tax Refunds
Things to Know About Tax Refunds
What are the Points to Take Care of for Income Tax Refund? As per the Income Tax laws of India, you are eligible for a refund if you have paid excess tax or your employer has deducted excess Tax Deducted at Source (TDS). However, there are many doubts and misconceptions pertaining to refunds, which TaxSpanner will address through this article. With the right information at your … [Read more...] about Things to Know About Tax Refunds
How India Pays Income Tax!
In a land of one billion, you will be surprised to learn that there are only 1.6 cr individuals who have filed returns but paid zero tax, while there are only 1.1 lakh individuals who have declared an income between 10-25 lacs, and only 3 have declared income above Rs 100 crore – as per the the data of A.Y 2012 -13. These statistics seem difficult to accept as we constantly … [Read more...] about How India Pays Income Tax!
Tax Notice To 21.75 Lakh Non-Filers: Here’S Why You Should Verify The Return Status
(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?
