Have you ever felt a sudden need for money in the recent past? If yes, how did you manage to meet the requirement? Well, if you ever face a similar situation in the near future, you can – among other things – raise a small amount of personal loan from a bank or a non … Read more
You will need to disclose only the interest accrued during the current year on the certificate and not the interest received on withdrawal as you have already offered the interest on accrual basis in the earlier years. This interest will be taxed as income from other sources and will be disclosed in Schedule OS (other … Read more
Verify your AIS and Form 26AS For quite some time, the Income Tax Department has been making your form No. 26AS available, containing details about Tax Deducted at Source (TDS) from incomes like various income like interest, dividends, salaries, etc., paid to you as well as Tax Collected at Source on payments made by you … Read more
If you are a salaried income tax payer, the process to file income tax return is quite simple, to say the least. You only need to file your return via form 1 i.e., ITR-1. The income tax return form number -1 can be filed by a resident individual whose income does not exceed ₹50 lakh … Read more