NRIs (Non-resident Indians) are confused when it comes to filing of income tax returns in India. In this post we tell you who is considered as NRI as per income tax act and cases where they should file their tax returns. Who is NRI as per Income Tax Laws? A person is considered to be […]
July 31, 2017 is the last date for filing income tax returns for FY 2016-17. It’s important to know what has changed in ITR compared to last year. The biggest change is the number of ITR forms have reduced from 9 to 7. Other than that all the tax returns have to filed electronically except for
The income tax return (ITR) forms were notified on April 1 this year. There have been several changes in the ITR forms which we had mentioned in an earlier post. The biggest change was the number of ITR Forms have been reduced from 9 to 7. The previous ITR 2A, ITR 2 and ITR 3
Income Tax Return 2017: Which ITR Form to use for AY 2017-18? Read More »
Income tax for individual is what most tax payers want to know in Budget. In Budget 2016, the finance minister has made little changes to this. We highlight the changes and give you the new tax calculator for FY 2016-17 [AY 2017-18]. Changes in Income Tax Rules: 1. There has been no change in the
Income Tax Calculator for FY 2016-17 [AY 2017-18] – Excel Download Read More »
The government has finally cut the interest rates offered on small savings schemes like PPF, Senior Citizen Savings Scheme, Post Office Fixed and Recurring Deposits and Sukanya Samriddhi Account by 0.4% to 1.3%. The much publicized Sukanya Samriddhi Yojna would have 8.6% interest as compared to 9.2% earlier. Similarly for Senior Citizens Savings Scheme the
