Balwant Jain

Who is required to file ITR

Income Tax - Based on my conversation with my friends who are salaried I gather the impression that majority of the employees are under the impression that they are not required to file any ITR if appropriate income tax has been deducted from their salaries. Most of them take deduction of tax at source as filing of the ITR by the employer....

Read More

Do not forget to include these things in your income tax returns

Income Tax - The income tax return season is in full swing with 31st July approaching fast. While filing the income tax return salaried people only provide copy of the form No. 16 to the person preparing his income tax returns without any further details. ...

Read More

Loans and income tax benefits available

Income Tax - Most of us must have borrowed at some point in life whether it is friendly borrowings from friends and relatives or whether it is a home loan from a financial institution. In this article, I shall discuss the tax benefits available in respect of such loans....

Read More

Which ITR form to be used

Income Tax - Different forms are required to be used for filing your ITR depending on whether you are a resident or not and what are the sources of your income. There are ITR 1, ITR 2, ITR 3 and ITR 4 which can be used by individuals. Who can use ITR 1 (popularly known as Sahaj.): This […]...

Read More

Tax deduction on Interest income

Income Tax - Many of us keep our money either with banks or with cooperative credit societies, be it in fixed deposits or recurring deposits or in saving accounts. Not only this, we also invest in various Government run schemes like NSC, PPF and Senior Citizen Saving schemes. While making these investments everyone wants to plan these investments in ...

Read More
Sorry No Post Found
Sorry No Post Found
Sorry No Post Found

Recent Posts in "Balwant Jain"

Who is required to file ITR

Based on my conversation with my friends who are salaried I gather the impression that majority of the employees are under the impression that they are not required to file any ITR if appropriate income tax has been deducted from their salaries. Most of them take deduction of tax at source as filing of the ITR by the employer....

Read More
Posted Under: Income Tax |

Do not forget to include these things in your income tax returns

The income tax return season is in full swing with 31st July approaching fast. While filing the income tax return salaried people only provide copy of the form No. 16 to the person preparing his income tax returns without any further details. ...

Read More
Posted Under: Income Tax | ,

Loans and income tax benefits available

Most of us must have borrowed at some point in life whether it is friendly borrowings from friends and relatives or whether it is a home loan from a financial institution. In this article, I shall discuss the tax benefits available in respect of such loans....

Read More
Posted Under: Income Tax |

Which ITR form to be used

Different forms are required to be used for filing your ITR depending on whether you are a resident or not and what are the sources of your income. There are ITR 1, ITR 2, ITR 3 and ITR 4 which can be used by individuals. Who can use ITR 1 (popularly known as Sahaj.): This […]...

Read More
Posted Under: Income Tax |

Tax deduction on Interest income

Many of us keep our money either with banks or with cooperative credit societies, be it in fixed deposits or recurring deposits or in saving accounts. Not only this, we also invest in various Government run schemes like NSC, PPF and Senior Citizen Saving schemes. While making these investments everyone wants to plan these investments in ...

Read More
Posted Under: Income Tax | ,

Disclosure of Assets in the Income Tax Return (ITR)

In order to detect cases of disproportionate assets owned by a taxpayers as compared to his known sources of income, the income tax department wants taxpayer with income over 50 lakhs to report various assets and liabilities in Income Tax Return (ITR). The requirement of Disclosure of assets in the ITR was implemented in 2016 […]...

Read More
Posted Under: Income Tax |

Income tax benefits: for whom can you claim

Income tax laws allow you various benefits in respect of amounts spent or invested. Primarily these tax benefits are available for amounts spent or invested on yourself but for certain items, the benefits are available for amounts invested or spent on family members. ...

Read More
Posted Under: Income Tax | ,

Tax savings through your senior citizen parent

Section 80 C provides for deduction of upto Rs. 1.50 lakhs in respect of life insurance premium along with various other items. For Life insurance premium the deduction can be claimed even where the payments are made for your children. ...

Read More
Posted Under: Income Tax |

Do you know your mutual fund investment can get you free life insurance cover as well

Though investing in equity through mutual funds via Systematic Investment Plan (SIP) is getting pace of late, mutual fund houses have been vary of the investor discontinuing the SIP when the market corrects or is volatile. So to ensure that the investors do not discontinue SIP, the mutual funds are offering free life insurance cover in...

Read More
Posted Under: Income Tax |

Benefits available to senior citizens under income tax

The Indian income tax laws provide certain tax benefits to senior citizens. Let us discuss those benefits. 1. Higher Basic Exemption Limits for senior citizens under income tax For ordinary individual tax payers the basic exemption limit, upto which he is not required to pay any tax, is presently capped at Rs. 2.50 Lakhs.  However [&hell...

Read More
Posted Under: Income Tax |
Page 1 of 512345

Browse All Categories

CA, CS, CMA (3,751)
Company Law (3,885)
Custom Duty (6,956)
DGFT (3,686)
Excise Duty (4,144)
Fema / RBI (3,479)
Finance (3,671)
Income Tax (27,505)
SEBI (2,901)
Service Tax (3,370)

Search Posts by Date

July 2018
M T W T F S S
« Jun    
 1
2345678
9101112131415
16171819202122
23242526272829
3031