Sridhar's Blog

[...] extra taxes. This extra tax paid in addition to actual tax liability leads to a situation of Tax refund. The process of getting the tax refund has traditionally been very tiring and time consuming [...]

[...] extra taxes. This extra tax paid in addition to actual tax liability leads to a situation of Tax refund. The process of getting the tax refund has traditionally been very tiring and time consuming [...]

[...] for 12 months (August,2011 to July,2012). Tax Payable is 12,840 {7000+(12%(7000)+5000} Case 3: Tax Refund If you have any Tax refund and you file the income tax return after the deadline then there [...]

[...] Income Tax Return Forms For Assessment Year 2012-13   Finally the Income Tax Return forms for the assessment year 2012-13 have been issued by the Income Tax Department. For [...]

[...] tax department, tax payers coming under the above category wouldn’t be required to file the income tax return, but this exemption is not applicable to other sources of income like Income from House [...]

[...]   All about late filing of Income Tax return Have you missed your Tax filing Deadline? If you have missed filing your Tax return, do not [...]

[...] with bureaucracy. You can file your return online for FREE at www.taxyogi.com Check your Income tax Return to see if it’s reflecting the tax refund correctly. If your Tax return shows Tax refund, [...]

[...]  30 per cent of the amount by which the total income exceeds Rs. 8,00,000/- Surcharge on Income tax: There will be no surcharge on income tax payments by individual taxpayers during FY 2011- [...]

[...] is Rs. 70000) ·         Interest is totally exempt from income tax ·         Amount standing to the credit is fully [...]

[...] by me before 15th March 2012 and if I fail to do so, the company can make full deduction of income tax dues from March 2012 salary. Date : ___________________________ [...]

[...] ALL ABOUT PERMENANT ACCOUNT NUMBER PAN permanent account number is the unique number issued by income tax department to individual, HUF, firm or companies. Income tax department also issue PAN card on [...]

[...] for a Permanent Account Number which is a 10 digit alpha-numeric code generated by the Income Tax Department of India.The tax department has made it mandatory for everyone (including NRIs, PIOs & [...]

[...] and Business income are completely different As per the recent circular issued by the income tax department, any purchase of shares made with the motive of earning profit is considered to be [...]

[...] change her husband but not the Father”. New PAN Card online application form 49A and 49AA. Income tax department has changed the PAN application form to Form 49A and 49AA. Now these forms are to be [...]

[...]   Income tax Department is planning to give tax exemption for as many as 85 Lakh salaried tax payers whose taxable [...]

[...]   tax exemption on home loans Most of the people who buy a house property don’t know about the tax exemptions [...]

[...] with DTC 2011-12. Beginning from April 1, no fresh investments in ELSS will be eligible for tax exemption. In this regard, there seems a lot of confusion prevailing in the minds of the people on how [...]

[...] with DTC 2011-12. Beginning from April 1, no fresh investments in ELSS will be eligible for tax exemption. In this regard, there seems a lot of confusion prevailing in the minds of the people on how [...]

[...]   Income tax Department is planning to give tax exemption for as many as 85 Lakh salaried tax payers whose taxable income including salary and interest [...]

[...] a Pension Scheme which will give a common man a chance to invest in Pension scheme along with Tax benefits   Written by Sridhar nag Certified Financial Planner  [...]

[...] the third to the sixth year. A second loan can be taken on full repayment of the first loan Tax benefits ·         Benefits available u/s 80C of the I.T Act ( [...]

[...] from April 1, 2012 and not on existing investments. So it advisable that you reap the full tax benefits of investing in ELSS in the current financial year Conclusion The point to note is that the [...]

[...] from April 1, 2012 and not on existing investments. So it advisable that you reap the full tax benefits of investing in ELSS in the current financial year Conclusion The point to note is that the [...]

[...] Documents Required for TDS and HRA Relief As the Tax season is close by many of the Tax payers will be breaking their heads to save taxes. As i always say people should start planning their [...]

[...]   Income tax Department is planning to give tax exemption for as many as 85 Lakh salaried tax payers whose taxable income including salary and interest income is up to 5 Lakhs After the [...]

[...] Documents Required for TDS and HRA Relief As the Tax season is close by many of the Tax payers will be breaking their heads to save taxes. As i always say people should start planning their [...]

[...] cities to deal with such cases. The Ombudsman has been empowered by the government to help tax payers and also better the whole tax process. Thus, to conclude, prevention is better than cure. So it [...]

[...] the next two-three years. Till then, stick to gold ETFs.   Author Sridhar nag (Certified Financial Planner) [...]

[...] of manual work or involving application of his skill/talent etc. Author Sridhar nag (Certified Financial Planner) [...]

[...] have missed filing the return, go ahead and file your return now Author Sridhar nag (Certified Financial Planner) [...]

[...] principal amount, that is not eligible for the tax deduction Author Sridhar Nag  (Certified Financial Planner  ) [...]