In India, as many as 85 lakh salaried tax payers whose taxable income, including salary and interest income, is up to Rs 5 lakh, are not required to file income-tax return from now onwards. “No income-tax returns is required for salaried persons whose annual annual taxable income including salary and interest is up to Rs [...]
The Central Board of Direct Taxes (CBDT) has decided to extend the due date of filing of income tax returns to 4th August 2010 for taxpayers for whom the due date ends today, which is 31st July 2010. All paper returns or e-returns filed on or before 4th August 2010 will be considered as filed [...]
Photo by .schill After a lot of searching, have finally got the password logic for the ITR acknowledgement that’s made available to users who file their returns electronically through the www.incometaxindiaefiling.gov.in website. The password is a combination of the pan (in lower case) and the date of birth in the format ddmmyyyy. For example, 1) [...]
In a few months’ time the taxman will coming knocking on your door. However, he cannot tax you on the following 14 important items of income and receipts, as they are fully exempt from income tax and which a resident individual Indian assessee can use with profit for the purpose of tax planning. Read More
photo by Erik Schlange National Securities Depository Limited (NSDL) has launched a Short Message Service (SMS) based facility to know the status of challans. The procedure for availing this facility is as under: 1. The tax payer can send an SMS to 575758 with a message containing the word CSI followed by a space and [...]
Entry loads have been waived off on applications that are submitted directly to the mutual fund house. For MF investors, who invest either by way of SIP (Systematic Investment Plan) or as bulk investing, it could mean saving quite a sum of money – around 2% of the investment amount. So consider investing directly in [...]
Author:
Austin
Comments: 5 comments Date:
25 Mar 2008
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Categories: Taxes Tags: ELSS,
entry load,
Equity Linked Savings Scheme,
portfolio,
save tax,
Section 80C,
Section 88,
shuffle,
SIP,
switch,
Systematic Investment Plan
