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Are ESPP,ESOP in MNC to be filed in ITR as Foreign Assets?
I have stocks in French MNC, I got through ESPP. Do I need to declare the stocks in Foreign Asset? We received the query sometime back. We also came across Business Standard article Declare foreign...
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Exempt Incomes and Allowances for Income Tax Filing
While you get ready to deal with the daunting task of preparing your taxes, we have prepared a list of exempt incomes and allowances so that you can minimize your taxation liability. There are few...
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Income Tax Data Released: Who paid How much in FY 2012-13,PAN and Direct Taxes
The Income Tax Department , or CBDT has made data on the total number of taxpayers in the country, income disclosed in IT returns by various category of taxpayers and number of PAN holders in the...
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E-verify Past Income Tax Returns
If you could not submit ITR-V of years from AY 2009-2010 to AY 2014-15, you can E-VERIFY past income tax returns by 31st August 2016. These returns shall then be processed by the income tax department...
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How to show Long Term Capital Gains on sale of House in ITR
If you have sold house, property, land or building, also called as immovable property after 3 years then you have Long term Capital Gains and have to fill Schedule CG in ITR2, ITR3 etc. This article...
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Adsense Earnings and Income Tax,ITR,Service Tax,Google Tax
If you earn money, legally, you have to pay tax on it. Its true for bloggers who earn from Adsense ads being displayed. It can be shown either under the head Income from Business or Profession or...
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How to show HRA not accounted by the employer in ITR
If your HRA has not been accounted in Form 16, you can still claim it by using the calculation of HRA shown earlier. As the HRA was not claimed, taxable income would be more hence employer would have...
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How to fill ITR1 for Income from Salary,House Property,TDS
This article explains how to fill ITR1 in detail with images. It explains who can fill ITR1, Process of Filling ITR, explains Excel Utility of ITR, How to Fill Salary Details in ITR1, How to fill...
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Actual Cost of Free Income Tax Filing
Free Free Free…There is some charm in the word, just like Free discount! Pay for a service or get it for free,what would you choose? Free of course, no brainier question right. After all, why shell...
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Customise ITR: How to remove schedules not applicable to you
Many ITR, such as ITR2 have multiple schedules. Selection of ITR depends on kind of income one has. For example one having capital gain or two houses cannot file ITR1. ITRs have many schedules and not...
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Income From House Property for more than 1 house
If you own a property, you have income from House Property. What will be Income from House Property for more than 1 house? How to Evaluate which house to choose when one has two houses and both houses...
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Quick eFile ITR1 or Quick e-File ITR4S Online
If you have to efile Income Tax returns for ITR-1 or ITR 4S, you can complete the process on the income Tax website itself, by using the Quick efile ITR. This article explains the process of Quick...
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Reprint Challan 280 or Regenerate Challan 280
After paying Self Assessment/Advance Tax one needs to download the Challan 280 reciept and update Income Tax Return. But attimes many people forget to download the receipt. Most of the bank offer the...
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E Assessment of ITR, Income Tax Return: Paperless Scrutiny Assessment
The Central Board of Direct Taxes (CBDT) has extended e-assessment scheme to two more Indian cities, namely Kolkata and Hyderabad. The online assessment scheme for tax payers commenced as a pilot...
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On Becoming NRI: What to do when you leave India to settle abroad
Indians go abroad, for a better future for self or for one’s children, better work and career opportunities, better facilities to utilise one’s skills or for the simple reason of earning big money in...
View Articlee-Nivaran: To raise and track Income Tax related Grievances Online
Aiming for prompt and proficient management or resolution of complaints, Income Tax Department has launched e-Nivaran, a unified grievance handling mechanism. This article discusses what is e-Nivaran,...
View ArticleBest Tax Saving Fixed Deposit under section 80C
Tax saving Fixed deposit is a type of fixed deposit by investing in which you can get tax deduction under section 80C of the Indian Income Tax Act, 1961. Interest Rates of Tax Saving FD is between 6%...
View ArticleIncome Tax: How to Link Aadhaar with PAN for filing ITR
The government has decided to make Aadhaar number mandatory for filing of Income Tax returns as well as linking it with Permanent Account Number (PAN) card. This article explains the procedure of how...
View ArticleBuying a House,Renting,Home Loan,Tax,Selling,Capital Gain
We all want a place of our own, a place where we can relax in peace with our family.Buying a house is a big investment and an even bigger cumbersome process. But everyone is under pressure to buy a...
View ArticleHow to download Form 26AS and password to open Form 26AS
Form 26AS, also called as Annual Statement, is a consolidated tax statement which has all tax related information (TDS, TCS, Refund etc) associated with a PAN. It is highly recommended that you verify...
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