- 28 Jan 1511:43 AMDespite being a regular taxpayer, there are chances that you could be accumulating black money at home unknowingly. And you won’t realise this until an officer assessing your taxes raises a query and asks for an explanation.
- 12 Jan 1501:34 AMWhen your company gives you performance-linked bonus in kind - say a fully paid family holiday, a luxury car or a high-end mobile phone - chances are they will come to you with taxes deducted at source.
- 09 Jan 1506:29 PMThe need for you to be actively engaged in your personal tax planning is of particular importance.
- 22 Dec 1412:14 AMToday, Kuldip Kumar, Executive Director - Tax & Regulatory Practice at PwC, answers your questionsI missed the July 31 deadline to file my tax returns.
- 12 Dec 1404:46 AMIn December, employees typically start getting letters from their human resource department to provide documents to support their tax-saving declaration made in March. This year, there is a twist in the tale.
- 05 Dec 1402:30 AMDecember 15 is the deadline for paying the second instalment of advance tax.
- 01 Dec 1412:14 AMTo start any business in India, one needs a registration certificate (RC) from the sales tax department of the state concerned. Last year, the national capital made this an online process.
- 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.