Tax

11 Additional Incomes in ITR (Never Forget)

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You are on brink of filling your Annual Returns or ITRs for AY 2021-22. The date has been extended to 30 Sept 2021 due to COVID wave 2. But you should keep the following income in mind to include in case you get in the financial year. These are some Additional Incomes in ITR toRead More

Changes in Personal Finance from 1 April 2021

by Madhupam Krishna

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The Financial Year 2020-21 will close on 31 March 2021. Like all new financial years, the new FY 2021-22 will have new tweaks & changes to your personal finance. The top Changes in Personal Finance from 1 April 2021 will be: Changes in Personal Finance from 1 April 2021 1 . EPF deduction above RsRead More

Budget 2021 Impact – Investment, Taxation & NRI

by Madhupam Krishna

This was 3rd Budget of the current finance minister. The overall reaction has been positive. This is because most of the things have been taken care for. The others which disturbs the pace have been left for now. Here is how Budget 2021 will impact your Savings, Taxation & Investments. Budget 2021 Impact on TaxationRead More

Avoiding TDS on Dividends (Residents & NRIs)

by Madhupam Krishna

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As you may be aware & we also wrote in detail a few days ago, due to changes introduced by the Finance Act, 2020, w.e.f. April 1, 2020, the dividend is taxable in the hand of the investor. Hence companies would be required to deduct tax at source (TDS) at the prescribed rates from theRead More

Understanding Form 15G & 15H – To Avoid TDS

by Madhupam Krishna

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Form 15G or Form 15H are self-declaration forms that show that an individual’s total income is below taxable slab hence tax is not to be deducted. But who can submit these? Is there any rule governing the submission of Form 15H & Form 15G? Let’s check these today. You can also download Fillable Form 15GRead More

Taxation on PF Withdrawal – All Scenarios

by Madhupam Krishna

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EPF or employee Provident Fund is hard-earned money through your service to an organization. Overall if a person is attaining superannuation, it is supposed to be tax-free. BUT NOT ALWAYS! Money received from EPF can be taxable or there can be tax deducted at source (TDS). Let us understand Taxation on PF Withdrawal or TaxationRead More