- 23 Nov 1412:27 AMSudhakar Rao, an employee with a large private sector firm is due to retire in two months and is planning his post-retirement life. His finances are in order. He has no liabilities since his home loan has been paid off.
- 18 Nov 1402:22 AMNovember 30 is the deadline for sending the income-tax returns verification (ITR-V) for 2013-14, as it will be four months or 120 days since July 31, the deadline to file IT returns.
- 16 Nov 1412:06 AMWhen Rohit Khanna got married, he and his wife Sonali received a sizeable amount of cash as gift. They wanted to invest the money in bank Fixed Deposits.
- 09 Sep 1402:10 AMRecently, a senior citizen received a notice from the Income Tax Department, asking her to pay Rs 30,000, the tax on her bank fixed deposits for assessment year 2013-14, along with interest, for late payment of tax.
- 25 Aug 1405:30 AMDebt mutual funds were a perfect substitute to the conventional fixed deposits (FDs) because they offered much better post-tax returns. But the Budget 2014-15 took away the tax advantage of debt funds.12:19 AMFor those of you who think the 30 per cent peak income tax rate along with an education cess of three per cent is way too high, here's something that could make you feel better.12:14 AMThis article has been modified. Please see the correction at the end.
- 13 Aug 1412:49 AMThe next time you organise a grand function, be ready to face the taxman.
- 04 Aug 1406:30 PMThe Supreme Court has come to the rescue of buyers in Supertech's controversial towers in Noida by providing them with a refund with compounded interest payment of 14%. But ones who go for this option will have to pay taxes on the interest they receive.
- 30 Jul 1409:27 AMWith July 31 just around the corner, everyone must be busy with their income tax returns. Filing returns has become convenient since it can now be done electronically.
- 28 Jul 1410:04 PMThis article has been modified. Please see the clarification at the end.